Enigma Securities is a broker-dealer and the cryptocurrency arm of the international brokerage firm Makor Securities. Enigma offers spot and derivatives trading, borrowing and lending, cryptocurrency-linked equity products, and other structured products.
- To settle trades, Enigma was using Ledger, a hardware wallet solution.
- Enigma employees had to plug Ledger devices into a computer and manually enter a password up to 50 times per day.
- With offices in multiple time zones across the globe, Enigma struggled to manage this wallet solution as their trading volume grew.
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