How you manage your wallets or your counterparties' addresses is paramount for us. Having Fireblocks do that through their network takes our focus off that part and allows us to focus on what we're good at, which is trading.
Hi, I'm Delphos Machado. I run Dunamis Trading. We are a Sao Paulo, Brazil-based hedge fund specializing in crypto market making.
We are active on most of the major global exchanges and have been doing so for two and a half years. We're one of the older, specialized crypto hedge funds out there right now.
One of the biggest fears we have in trading crypto is sending coins to a wallet that isn't in use anymore, or is stale, or is the wrong wallet—or maybe we copied-pasted something wrong when setting up the wallet. That's one of the biggest concerns that everybody in crypto has.
Using the Fireblocks Network, the main advantage we've gained as a firm is the ease and peace of mind of adding new counterparts without going through the whole process of whitelisting, checking, and testing all their wallets. And on an ongoing basis, validating with a counterpart their wallets.
That's just out the window whenever they're on the network. I know that my traders can move coins around whenever they need it and whenever they need to top up margins or collaterals without having to wake me up or pull me out of meetings. That has brought a huge peace of mind for our business. It just makes life a lot easier for everybody.