Compare Blockdaemon vs. ExchangeDefender

Since 2017, we’ve helped over 400 organizations—ranging from exchanges to financial institutions—manage more than $110B in digital assets. Our services include robust support for staking, blockchain nodes, APIs, DeFi, and MPC wallets, all backed by a globally resilient architecture built for security, compliance, and scale.

Crypto exchanges utilize both hot wallets and cold wallets to manage their assets, with these wallets housing the secret keys of both users and the exchange itself. While the majority of these keys are securely kept offline in vaults known as cold wallets, a smaller segment is stored on internet-connected servers, or hot wallets, to enable smooth transaction processing. Unfortunately, these online servers remain vulnerable to potential data breaches and hacking attempts. To enhance the security of their internal systems, Exchange Defender offers two solutions: CryptoDefender™ and ProtectID®. ProtectID® specifically safeguards the exchange's computers and mobile devices against various threats, including keylogging, screen capture, and clickjacking. Additionally, it provides a robust layer of security by requiring two-factor out-of-band authentication to access internal systems, ensuring that only authorized personnel can enter. The combination of these protective measures is crucial for maintaining the integrity and safety of cryptocurrency transactions.