Fireblocks, a security solution for crypto transactions has integrated five new crypto-exchanges. These exchanges are OKCoin, OKEx, Korbit, Bithub, and HitBTC.

With this new addition, the total number of crypto exchanges using Fireblock’s secure technology has gone up to 20. The New York-based startup provides a single platform via which traders move their cryptocurrency across multiple crypto exchanges. TheHuobi USP of the security solution is that it helps keep these coins secure. This is when the swapping of coins takes place from one exchange to another. It thus avoids the need for the trader to sign in on multiple platforms. Fireblocks eliminate the risk of deposit address spoofing and credential theft for the deposit, and withdrawal. Its solution also provides market makers, prop traders, and over-the-counter (OTCs) platforms to have a simple and secure unified workflow for securing assets in motion between different exchanges. Currently, Fireblocks supports major exchanges like Huobi Global and Deribit.

Hacks and scams have plagued the crypto industry. The crimes involving digital currencies have increased drastically in recent years. Fireblocks is thus focusing on preventing attacks directed at consumers. This also includes phishing attacks—that aim to get hold of their login details or personal data as per the source.