• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

Fireblocks, X-Margin Partner to Offer Institutions Cross Margin Trading in Crypto Derivatives

Written by:
Aeon Flux
Published on:
8 September 2020
Thoughts:
No comments yet

Sep 8, 2020 at 13:02 UTCUpdated Sep 8, 2020 at 13:25 UTC

https://www.shutterstock.com/image-photo/stock-market-trading-graph-candlestick-chart-546565852?src=E0edtJR2aOvcFbu4RfSeKA-1-38

(Phongphan/Shutterstock)

Digital asset infrastructure provider Fireblocks has teamed with X-Margin, a distributed clearing and settlement platform, in a bid to boost institutional offerings in the crypto derivatives market.

  • Announced Tuesday, the firms will leverage privacy-enhancing zero-knowledge proof technology to enable institutional trading firms to cross-margin and bilaterally trade derivatives “without compromising security,” X-Margin CEO Darshan Vaidya said.
  • Trading bilateral derivatives using X-Margin’s system allows investors to benefit from trading at different venues from one pool of collateral.
  • This can potentially drive down costs by removing the need for a central middleman to verify positions.
  • It would further reduce the counterparty risk associated by holding funds on multiple exchanges to service derivatives contracts.
  • Fireblocks said the new partnership would enable the trading of digital asset derivatives using any form of collateral.
  • According to the announcement, JST Capital, global crypto firm XBTO and digital asset investment company LedgerPrime became the first customers to successfully trade using X-Margin’s distributed clearing network.
  • Fireblocks recently joined forces with blockchain analytics firm Elliptic to automate anti-money laundering compliance for their shared institutional clients.
  • In 2019, the firm raised $16 million in Series A funding from investors including Cyberstarts, Tenaya Capital, and Eight Roads, the proprietary investment arm of Fidelity International.

See also: Fireblocks Claims Exchange Program Enables Zero-Confirmation Crypto Deposits

Read more about…

DerivativesZero-Knowledge ProofsFireblocksCoinFlash

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Categories: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (1,426)
  • Ethereum (890)
  • News (2,538)

Recent Posts

  • Bitcoin’s Market Capitalization Hits $1 Trillion 21 February 2021
  • Bitcoin is on a Path to $100,000 (and Coming for your Gold) 21 February 2021
  • Legal Aspects of Ownership of Cryptocurrency 21 February 2021
  • BTC breaks USD 1,000,000,000 (trillion) mark 21 February 2021
  • CryptoQuant CEO Highlighted Three Important Points To Look Out For Ethereum 21 February 2021

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web