GEORGE TOWN, Cayman Islands, Nov. 07, 2025 — Toobit, the acclaimed global cryptocurrency exchange, announced today its integration with Fireblocks, an enterprise platform designed for secure digital asset custody, settlement, trading operations, and stablecoin payments. This strategic move aims to reinforce Toobit’s platform with Fireblocks’ state-of-the-art Multi-Party Computation (MPC) technology.
This initiative leverages Fireblocks’ leading MPC protocol and infrastructure to secure Toobit’s fundamental digital asset custody environment. This innovative technology segments private keys into multiple independent shares, preventing them from ever being stored in a single location, thereby effectively eliminating the risk of a single point of failure from either internal or external threats.
This enhancement significantly boosts Toobit’s security and operational robustness, offering two direct advantages to its user base. Firstly, it guarantees that all user assets are protected by the world’s most advanced cryptographic safeguards.
Secondly, the MPC protocol is engineered for speed, directly leading to faster and more dependable processing for user deposits and withdrawals. This provides a significant operational edge for traders who require efficient capital movement across all market conditions.
“We are delighted to integrate with Fireblocks to bring our platform’s security to an unprecedented level,” stated Mike Williams, Chief Communication Officer at Toobit. “By adopting Fireblocks’ infrastructure, we are ensuring that every trader’s deposit is protected with the highest institutional standards, facilitating quicker, more secure trading activities.”
This integration marks the latest development in Toobit’s ongoing dedication to asset protection, building on its previous adoption of institutional MPC security solutions, which included a collaboration with Cobo.
The imperative for institutional-grade wallet security has never been more pressing, with 2025 poised to set a new record for crypto theft. Over $2.17 billion was stolen from cryptocurrency services within the first half of the year alone, already surpassing the total for the entirety of 2024.
This substantial increase in losses is predominantly due to attacks targeting private key compromises, starkly underscoring the critical vulnerability that MPC technology is specifically designed to mitigate.
About Toobit
Toobit represents the future of crypto trading—an award-winning cryptocurrency derivatives exchange crafted for those eager to explore new horizons. Featuring deep liquidity and pioneering technology, Toobit empowers traders globally to navigate the digital asset markets confidently. We deliver a fair, secure, seamless, and transparent trading experience, ensuring every trade offers an opportunity to discover what’s next.
For more details about Toobit, visit: | | | | |
Contact: Davin C.
Email: market@toobit.com
Website:
Disclaimer: This content is provided by Toobit. The declarations, views, and opinions expressed within this content belong solely to the content provider and do not necessarily reflect those of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any assertions, statements, or commitments made in this article. This content is intended for informational purposes only and should not be construed as financial, investment, or trading advice. Investing in crypto and mining-related opportunities carries substantial risks, including the potential for complete capital loss. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure you fully understand the risks involved. Seek independent advice if necessary. Speculate only with funds you can afford to lose. Readers are strongly advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—absolute accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held accountable for any fraudulent activities, misrepresentations, or financial losses stemming from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any express or implied warranties or representations of any kind. We assume no responsibility for any inaccuracies, errors, or omissions. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the aforementioned content provider.
