XBO taps custodian Fireblocks ahead of crypto exchange’s launch

XBO.com has integrated with digital asset and crypto technology platform Fireblocks ahead of the crypto exchange’s upcoming launch.

Fireblocks will help strengthen XBO.com’s security and protect customer assets on the exchange by leveraging secure solutions against cyber-attacks, internal collusion, and human error with multi-layer technology that combines MPC cryptography with hardware insolation.

The digital asset custody, transfer, and settlement platform will power XBO.com’s asset settlement 24/7 using its institutional asset transfer network.

Fireblocks’s insurance policy, SOC 2 Type II security process, and regular penetration testing done by simulating cybersecurity attacks from ComSec and NCC group, will provide peace of mind to the team at XBO.com and their users.

Lior Aizik, Chief Operations Officer of XBO, said: “We at XBO are relentless in our pursuit of investor security and compliance with the different regulations and AML policies. Our partnership with Fireblocks provides us with a significant edge in our ability to provide top security services aligned with market-top technology solutions to monitor and ensure protection and insurance of investors funds, enforcement of compliance guidelines and regulatory requirements.”

Jonathan Dakin, Head of EMEA at Fireblocks, commented: “We are proud to have XBO as a member of the Fireblocks Network and applaud XBO and its vision to make the investor experience even more accessible. XBO is expanding who can use crypto and how, and we are thrilled to offer top-notch custody technology for any investor seeking to buy digital assets on the exchange.”

XBO.com’s exchange platform meets the market need for user-friendly and reliable trading, leveraging social gaming UX elements to boost user experience. XBO.com makes buying and selling digital assets simple for amateur investors that find traditional crypto trading platforms intimidating and experienced investors alike. The company’s vision of “crypto for everyone” strengthens the founders’ belief that attracting newcomers to digital assets can elevate and empower all investors.

XBO is a cryptocurrency exchange platform that features an exclusive reward system that ensures traders receive compensation for active engagement, as well as the possibility to profit from different trading styles.

Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. The firm already caters to over 1,300 financial institutions and has secured the transfer of over $3 trillion in digital assets.