SINGAPORE, June 12, 2023 /PRNewswire/ Cobo, a leading global digital asset custody solutions provider, today announces its strategic partnership with Legend Trading, a prominent US-regulated crypto trading firm. This collaboration will see the integration of Legend Trading's over-the-counter (OTC) trading services into Cobo's platform, providing users with compliant access to competitive fiat-to-crypto pricing and deep liquidity directly from their Cobo wallet. With this partnership, Cobo's clients can seamlessly set up accounts, complete KYC processes, and execute trades on Legend Trading, all within the secure framework of Cobo's platform. In addition to an improved user experience, Cobo clients will also enjoy preferential trading rates. Legend Trading provides an aggregated liquidity pool of global cryptocurrencies, ensuring optimal pricing for Cobo's institutional customers. The firm supports more than 40 fiat currencies, including but not limited to USD, GBP
SINGAPORE, June 12, 2023 /PRNewswire/ Cobo, a leading global digital asset custody solutions provider, today announces its strategic partnership with Legend Trading, a prominent US-regulated crypto trading firm. This collaboration will see the integration of Legend Trading's over-the-counter (OTC) trading services into Cobo's platform, providing users with compliant access to competitive fiat-to-crypto pricing and deep liquidity directly from their Cobo wallet. With this partnership, Cobo's clients can seamlessly set up accounts, complete KYC processes, and execute trades on Legend Trading, all within the secure framework of Cobo's platform. In addition to an improved user experience, Cobo clients will also enjoy preferential trading rates. Legend Trading provides an aggregated liquidity pool of global cryptocurrencies, ensuring optimal pricing for Cobo's institutional customers. The firm supports more than 40 fiat currencies, including but not limited to USD, GBP
The partnership enables BitMart's institutional clients to trade on its exchange while maintaining full control of their funds using cutting-edge MPC-based co-managed custody. SINGAPORE, Feb. 9, 2023 /PRNewswire/ Cobo announced today that BitMart, the premium global digital asset trading platform, will be joining Cobo's SuperLoop, an off-exchange custodian and settlement network, ahead of its official launch. This partnership will enable BitMart's institutional clients to trade on its exchange while maintaining full control of their funds using cutting-edge MPC-based co-managed custody. SuperLoop, an off-exchange custodian and settlement network, enables the separation of trading from clearing, settlement and custody, in line with TradFi standards. SuperLoop mitigates counterparty risk and ensures the safety of clients' assets by allowing asset managers to trade directly on exchanges while maintaining their assets off-exchange under Cobo's secure custody. Cobo'
SINGAPORE, Nov. 8, 2022 /PRNewswire/ Cobo successfully stopped a hacking attempt on Deribit's assets in Cobo's custody after receiving a withdrawal request from the exchange. On the 2nd of November 2022, at 1:03 am UTC, Cobo's risk control system automatically detected the anomaly in the request and notified Deribit, whereby withdrawals were halted after that. With nearly USD 2 billion worth of crypto stolen by hackers this year in the Web3.0 industry, the security of platforms and protocols is becoming salient. "With the rise in the number of hacks in the decentralized space, it is extremely important for platforms to make their users feel secure. With just a single breach, some users might lose trust in the security of the platform", said Dr Jiang Changhao, CTO and Co-Founder of Cobo. "We will also actively cooperate with Deribit and assist in hacking-related investigations", he added. Cobo is currently working on the hack investigation, per Deribit&
SINGAPORE, Nov. 8, 2022 /PRNewswire/ Cobo successfully stopped a hacking attempt on Deribit's assets in Cobo's custody after receiving a withdrawal request from the exchange. On the 2nd of November 2022, at 1:03 am UTC, Cobo's risk control system automatically detected the anomaly in the request and notified Deribit, whereby withdrawals were halted after that. With nearly USD 2 billion worth of crypto stolen by hackers this year in the Web3.0 industry, the security of platforms and protocols is becoming salient. "With the rise in the number of hacks in the decentralized space, it is extremely important for platforms to make their users feel secure. With just a single breach, some users might lose trust in the security of the platform", said Dr Jiang Changhao, CTO and Co-Founder of Cobo. "We will also actively cooperate with Deribit and assist in hacking-related investigations", he added. Cobo is currently working on the hack investigation, per Deribit&