Discover the Latest in Secure Crypto Trading with Bitfinex and Ledger
Bitfinex, a cutting-edge platform for trading digital assets, recently announced a strategic partnership with Komainu Connect, a regulated custodian of digital assets, to explore a new integration. This collaboration aims to provide institutional investors with access to Bitfinex’s liquidity and trading features while securing their assets in a regulated custody environment.
The partnership leverages Ledger Tradelink technology, offered by Ledger Enterprise, enabling institutional clients to trade on Bitfinex without the need for frequent on-chain asset transfers. This integration allows institutions to operate in a liquid crypto-asset market while ensuring their assets are safely held by a regulated custodian.
- Bitfinex partners with Komainu Connect for enhanced security
- Leveraging Ledger Tradelink technology for seamless trading experience
- Institutional clients benefit from segregated asset custody
This innovative solution from Bitfinex represents a significant advancement in remote custody, following successful partnerships with other custodial firms. Traders with assets on Komainu Connect can allocate a portion of their custody assets for trading on Bitfinex by activating a lock feature, streamlining the trading process.
Komainu Connect communicates with Bitfinex through an API connection, notifying the platform of the approved asset allocation. Bitfinex then grants the trader a corresponding balance, allowing for seamless trading with the designated assets.
Key Statements from the Involved Parties
Paolo Ardoino, CTO of Bitfinex, emphasized the importance of this collaboration:
“Our collaboration with Komainu Connect reflects our commitment to expanding secure trading options for our clients, offering an additional level of security for institutional investors.”
Paul Frost-Smith, Co-CEO of Komainu, also shared his thoughts:
“We are excited to welcome Bitfinex to our Komainu Connect platform. This collaboration enhances liquidity in our network of trading venues, from centralized exchanges to market makers and brokers.”
Sebastien Badault, Executive VP of Enterprise Revenue at Ledger, highlighted the significance of this partnership:
“Our collaboration with Komainu and Bitfinex introduces a new standard for off-exchange trading. We are thrilled to integrate Ledger Tradelink technology and bring this innovative solution to the market.”
By prioritizing regulatory compliance and customer asset security, the collaboration between Bitfinex and Komainu Connect underscores Bitfinex’s proactive stance in safeguarding assets and complying with evolving regulations.
Continued commitment to customer security and regulatory compliance
Emphasis on enhancing liquidity in trading venues
Introduction of a new standard for off-exchange trading
Breaking Down the Partnership: How It Works
The synergy between Bitfinex, Komainu Connect, and Ledger offers institutional investors a secure and efficient way to participate in crypto trading. Here’s a breakdown of how this partnership functions:
- Traders with assets on Komainu Connect can allocate assets for trading on Bitfinex
- Activation of a lock feature on Komainu Connect signals asset allocation
- Communication with Bitfinex through API connection for approval
- Bitfinex grants trader a corresponding balance for seamless trading
This streamlined process allows institutions to trade on Bitfinex while ensuring their assets are securely held in a regulated custodial environment. The collaboration between these industry leaders sets a new standard for off-exchange trading, providing institutional investors with peace of mind and operational continuity.
Hot Take: Elevating Crypto Security with Bitfinex and Ledger
Bitfinex explores an integration with Komainu Connect, thanks to Ledger technology, to offer a remote crypto custody solution that guarantees security and operational continuity to institutional investors. Embrace the future of secure and efficient crypto trading with Bitfinex.
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