Crypto Firms Turn Custody Kings to Meet Institutional Demand for Bitcoin

Crypto Firms Turn Custody Kings to Meet Institutional Demand for Bitcoin


By CCN Markets: In the wake of high-profile hacks such as the $44 million recently removed from Binance’s coffers, BitGo CEO Mike Belshe spoke at Coindesk’s Consensus 2019 on matters including security and how this is hindering the will of institutions to involve themselves in Bitcoin and other digital assets. He told an audience at the event that “we are bringing to market a risk-less, efficient and compliant digital asset clearing and settlement” in a move that sees the security and custody solutions company stake a claim for institutional investors by moving crypto transfers off-chain.   If a custodian settles

The post Crypto Firms Turn Custody Kings to Meet Institutional Demand for Bitcoin appeared first on CCN Markets

Posted by Justin OConnell on June 17, 2019 @ https://www.ccn.com/crypto/crypto-firms-custody-kings-institutional-demand-bitcoin/2019/06/17/

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