Exchanges race to boost security and efficiency, begin adoption of new MPC-based tech
Fireblocks, the most trusted institutional digital asset management platform, announced that LGO will be the first to use Fireblocks’ Vault, Secure Transfer Environment and API infrastructure to power its exchange operations. In doing so, Fireblocks’ security infrastructure will allow LGO to improve the efficiency of its exchange while expanding its product offerings and increasing the speed at which customers can access and withdraw funds by tapping its liquidity to Fireblocks institutional ecosystem.
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LGO became Europe’s largest Bitcoin trading platform for institutional investors 10 months after launch, trading $700m-equivalent of Bitcoin on the platform as of April 2020. Serving top institutional investors in the EU, LGO is focused on growing exchange volume and scaling operations for investors to safely trade, lend, and borrow digital assets. With an exchange platform able to process over 1M transactions per second from more than 50 institutional clients in over 15 countries, LGO turned to Fireblocks to help deliver maximum security and best execution to investors.
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“Many of our customers were requesting a Fireblocks integration,” said Hugo Renaudin, CEO & Co-Founder of LGO. “We’ve spent a good amount of time auditing the Fireblocks technology and were impressed with the quality of the product and its security. Using Fireblocks has significantly improved our operational efficiency while maintaining the highest level of security on our customers’ funds. This has translated into a better service for our institutional customers, which is ultimately what we’re always striving for.”
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