Bitfinex explores an integration with Komainu Connect, thanks also to the technology of Ledger, to offer a remote crypto custody solution that guarantees security and operational continuity to institutional investors.
Let’s see all the details below.
Bitfinex joins forces with Ledger for secure and smooth crypto trading
As anticipated, Bitfinex, one of the most advanced platforms for trading digital assets, has announced a strategic collaboration with Komainu Connect, a regulated custodian of digital assets, to explore a new integration.
This synergy aims to offer institutional investors the possibility to leverage the deep liquidity and advanced trading functionalities of Bitfinex, while maintaining the security of their assets in a separate and regulated custody environment.
This collaboration leverages Ledger Tradelink technology, developed by Ledger Enterprise, which allows institutional clients to trade through the Bitfinex platform without frequent on-chain asset transfers.
Thanks to this integration, institutions will be able to operate on one of the most liquid markets for crypto-asset, keeping their assets segregated with a regulated custodian.
The proposed solution represents the latest innovation from Bitfinex in the field of remote custody, following similar agreements already established with other custody partners, which have achieved great success among institutional clients.
Traders with assets on Komainu Connect and a verified account on Bitfinex will be able to allocate a portion of their custodied assets for trading by activating a lock at Komainu.
Simultaneously, Komainu Connect will notify Bitfinex through an API connection. Once the request is approved, Bitfinex will grant the trader a balance equivalent to the locked amount, thus allowing smooth trading with the designated assets.
Some statements in this regard
Paolo Ardoino, CTO di Bitfinex, stated the following regarding this:
“Our collaboration with Komainu Connect reflects our commitment to expanding secure trading options for our clients, offering an additional level of security for institutional investors, allowing them to leverage Komainu’s regulated custody solution while accessing Bitfinex’s robust trading environment.”
Paul Frost-Smith, Co-CEO di Komainu, ha added:
“We are excited to welcome Bitfinex to our Komainu Connect platform. This collaboration expands our ecosystem of trusted exchanges, further enhancing liquidity in our growing network of trading venues, from centralized exchanges to OTC desks, to market makers and primary brokers.”
Even Sebastien Badault, Executive VP of Enterprise Revenue at Ledger, emphasized the importance of this collaboration:
“Our collaboration with Komainu and Bitfinex marks a new era for capital markets, through the launch of a new open standard for off-exchange trading. We are excited that Komainu and Bitfinex have chosen to integrate Ledger Tradelink technology and we look forward to bringing this innovative solution to the market.”
In a context where regulatory compliance plays an increasingly central role, the collaboration between Bitfinex and Komainu Connect demonstrates Bitfinex’s proactive approach in ensuring the security of customers’ assets.
Confirming itself as a leader in compliance with the regulations that are constantly evolving.
