Share this article
Binance.US Chooses Fireblocks to Bolster Crypto Custody, Staking Services
The exchange will use Fireblocks to power custody operations, customer deposits and withdrawals, and further expand staking services.
Updated Sep 11, 2024, 7:32 p.m. Published Sep 11, 2024, 1:00 p.m.
- Fireblocks' tech will help Binance.US scale up staking services for its relatively long list of staked crypto tokens.
- Earlier this year, the SEC told Binance.US to be more forthcoming in answering requests for information, specifically mentioning custody of customers’ assets.
Binance.US, the American arm of the world's largest cryptocurrency exchange by trading volume, is working with crypto custody firm Fireblocks to reassure users and regulators that customer assets on the exchange are handled in a safe and compliant manner while also bolstering crypto-token staking services.
The company will use Fireblocks wallet tech to power custody operations, customer deposits and withdrawals, the companies said on Wednesday. Fireblocks’ key-management system will also help expand staking services on the exchange, which has a relatively large selection of staked tokens for a U.S.-based platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Established in 2019, Binance.US became the subject of intense scrutiny by regulators as part of a sweeping enforcement action last year against Binance itself, the U.S. affiliate and the founder of the exchange group, Changpeng Zhao, citing a variety of securities law violations.
In March of this year, the Securities and Exchange Commission (SEC), complained that Binance.US was not being entirely forthcoming in complying with requests for information about its customers' assets, with specific mention of custody and control over private and administrative keys.
As regulators put more focus on security and compliance, it’s crucial for platforms to use technology that can check all boxes without sacrificing user experience, Fireblocks CEO Michael Shaulov said.
“By integrating our wallet infrastructure, Binance.US is ensuring its custody operations are rock solid and fully aligned with what regulators are asking for,” Shaulov told CoinDesk in an email. “With Fireblocks, they can scale up staking operations securely and efficiently, giving users a smoother experience while staking their tokens and earning rewards.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
