Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able to engage in DeFi opportunities on platforms within the Kava ecosystem, such as Curve, Kinetix, and Hover, as well as participate in market-making using Cosmos-native USDt on major exchanges.Kava Chain has been steadily building and growing through the bear market, and the Fireblocks integration enables over 1,800 leading digital asset and crypto institutions to now custody KAVA tokens and access Kava-native assets, including Cosmos-native USDt. This integration not only enhances institutional access to Kava but also allows Fireblocks customers to explore new USDt DeFi opportunities on prominent Cosmos appchains.Kava Chain’s role in arbitrage market making is becoming increasingly significant. With the Fireblocks integration, centralized exchanges (CEXs) and major market makers have a more capital-efficient option for cross-chain arbitrage. Instead of incurring high gas fees on Ethereum, they can now utilize Kava to transfer USDt between ecosystems efficiently. Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users worldwide.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇰🇾 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Scott Stuart, Idan Ofrat |
| Companies | PrimeXBT, Kava Chain, Tether, Fireblocks, Binance |
| Currencies | Tether, Cosmos Hub, Ethereum, Bitcoin, Kava |
| Securities | None |
