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Crypto Custody: All you need to know.

crypto custody
crypto custody

Crypto Custody


JANUARY 9, 2020 / 13:08 UTC

LONDON (Fintech Zoom) Crypto Custody.

Definition of Crypto custody

It is a service that enables the secure storage of large volumes of digital assets. A lot of existing solutions make use of two storage systems; cold and hot storage. Both methods have storage are faced with the problems of security especially hot storage because it is very prone to cyber-attacks.

Advantages 

  • Prevention of Assets from being lost.
  • Secured storage of large amount of digital assets.

Targets 

Large holders of cryptocurrencies and also everyday investors

Early market leaders?

Several firms like Coinbase, Vontobel, and Andressen Horowitz.

Chances of crypto custody going mainstream?

The chances are quite high especially in Europe with the law passed by Germany’s parliament.

The way forward for crypto custody

This will be discussed in an upcoming event later this month.

 

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Jung Min-seo

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