HTX Reports 200% More Institutional Volume Since Fireblocks Off-Exchange Integration

HTX has announced the successful integration of Fireblocks Off-Exchange to expand its infrastructure for institutional clients.

According to the crypto exchange, the adoption of Fireblocks Off-Exchange has already driven a 200 percent increase in institutional trading volume. The platform’s enhanced asset protection and off-exchange settlement options have drawn significant interest from clients seeking compliant, low-risk execution in digital markets.

Fireblocks Off-Exchange allows institutions to trade digital assets without transferring funds to an exchange wallet. Instead, collateral is held in secure, self-custodied accounts, and clients receive 1:1 trading credit on the exchange. This model reduces counterparty risk while preserving liquidity and settlement speed.

“Streamlining institutional operations within a compliant framework”

Justin Sun, Advisor to HTX, commented, “This integration represents a strategic expansion of HTX’s institutional offerings. Fireblocks’ state-of-the-art technology enhances our platform’s security infrastructure while streamlining institutional operations within a compliant framework. Looking ahead, we remain committed to delivering cutting-edge solutions that make HTX the preferred gateway for institutions entering the digital asset market.”

Founded in 2013, HTX provides digital asset trading and blockchain-based services through its global ecosystem. The integration offers rapid, low-cost settlement while keeping assets protected under institutional-grade custody. A disaster recovery framework ensures fund access even during critical failure scenarios, allowing institutions to retain full control of private keys throughout the trade cycle.

Fireblocks Expanded DeFi Suite

Fireblocks expanded its decentralized finance (DeFi) suite and security offerings following a surge in DeFi activity on its platform, which reached $60 billion in total transactions this year. The enhanced DeFi suite introduces new capabilities, including Fireblocks Swaps and the Fireblocks Token Allowance Manager, aimed at reducing complexity and risk for DeFi operators while improving safety for institutional users interacting with decentralized applications like Aave and Uniswap.

The company first introduced its DeFi suite in 2020, catering to institutions engaging in decentralized exchange trading, lending, staking, and yield farming while addressing security and compliance concerns. With this latest update, Fireblocks aims to attract more institutional players to DeFi by simplifying operations and bolstering safeguards.

Fireblocks Swaps enables users to exchange tokens directly within the Fireblocks Console using both offchain and onchain liquidity through the Uniswap API. This eliminates reliance on external exchange accounts, mitigating security risks.

The Fireblocks Token Allowance Manager provides comprehensive visibility into token allowances across wallets, allowing users to revoke or adjust permissions to protect against compromised smart contracts. Initially supporting Ethereum, this feature is accessible via the Fireblocks Console and API.

Other features include:

• Key Link, now available, integrates institutional key management systems with Fireblocks’ wallet and compliance tools to ensure adherence to internal and regulatory requirements.
• MPC-BAM, a next-generation multi-party computation protocol, enhances signing speed and wallet creation by 100x compared to prior setups. This development supports high-performance applications in payments, gaming, and social networks, significantly improving scalability.