CoinTrade, a Japan-based cryptocurrency trading, and staking service provider has teamed up with Singapore-based crypto custody platform Fireblocks to provide institutional clients with improved security for digital assets.
According to a press release, the partnership will offer CoinTrade users access to Fireblocks’ cold wallets, which provide 24/7 access to digital assets, distributed private key sharing to prevent insider collusion, and optical QR-based signing access.
By leveraging Fireblocks’ technology, CoinTrade can maintain tighter control over its risk and compliance operations, says Stephen Richardson, Head of Asia-Pacific and Senior Vice President of Financial Markets at Fireblocks.
Japan’s National Police Agency had reported in October that North Korea-backed hacker group Lazarus had been sending phishing emails to Japanese crypto exchange employees to infect their computers with malware.
