Fireblocks Expands Support For Crypto Derivatives Market With X-Margin

XBTO, LedgerPrime and JST Capital, first Fireblocks customers to successfully trade utilizing X-Margin's distributed clearing network Fireblocks, an award-winning platform for securing digital assets, announced today that it has expanded support for the crypto derivatives market through a new integration with X-Margin. Together, X-Margin and Fireblocks allow the trading of derivatives on any asset, using any form of collateral while receiving cross-margin benefits across counterparties. As a distributed clearing network, X-Margin eliminates counterparty risk, while Fireblocks secures collateral and automates settlement with it's leading digital asset security infrastructure. "The derivatives market has always been attractive for larger investors, but one of the biggest hurdles they needed to overcome has to do with capital efficiency, custody and security," said Darshan Vaidya, CEO of X-Margin. "Working with Fireblocks to grow X-Margin's distributed clearing network is an obvious and natural fit given the number of institutional trading firms actively using Fireblocks. The partnership allows institutional trading firms to cross margin and bilaterally trade derivatives without compromising security."