Zerocap Enhances Trading Operations with Fireblocks' Off Exchange Custody Solution
Zerocap has transitioned its trading collateral to Fireblocks' Off Exchange solution, increasing its trading value to tens of millions. This strategy reduces operational overhead by nearly 50%, enabling enhanced scalability and liquidity provision.
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Zerocap has migrated its trading collateral to Fireblocks' Off Exchange custody solution, increasing its Deribit trading book significantly. This transition allows the firm to manage tens of millions in value, cutting operational overhead by almost half and facilitating scalability in its derivatives business.
Fireblocks' solution employs on-chain multi-party computation wallets to maintain custody while allowing collateral to be recognized as valid margin on exchanges. The firm has built on Fireblocks' infrastructure since 2020, enhancing settlement automation and connectivity.
This capability addresses counterparty risk concerns, enabling institutional participation in crypto trading with minimized exposure. The increased collateral deployment offers competitive advantages in liquidity and order sizes.
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