Huobi HTX announced the integration of Fireblocks Off Exchange, aiming to provide users with more solutions for secure trading.

According to official news from Huobi $HTX on July 18, Huobi $HTX announced the integration of Fireblocks Off Exchange to reduce counterparty risk for exchanges. Upholding the principle of "user first," Huobi $HTX will continuously reduce trading risks, enhance trading experiences, and collaborate with Fireblocks to strive for a more freely tradable crypto world.

As the first solution to truly mitigate counterparty risk, Fireblocks' trading mapping feature allows institutional users to utilize MPC technology and on-chain settlement for trading while maintaining direct control over mapped assets. It is reported that in the past 90 days, the network has ensured over $200 billion in transactions between institutional users and more than 30 affiliated exchanges.

Previously, in March 2023, Huobi $HTX signed a strategic agreement with Fireblocks and launched the Fireblocks network. The agreement indicates that both parties, driven by Fireblocks' self-custody solution, enable their clients to trade directly on the Huobi $HTX platform.