Rising Demand For Crypto Custody Creates Untapped Market With Plethora of Opportunities

  • Alex Dovbnya
    📰 News

    Institutional investors, who are accustomed to traditional bank storages, fail to secure their crypto holdings, which created a need for crypto custody service

Rising Demand For Crypto Custody Creates Untapped Market With Plethora of Opportunities
Cover image via u.today

According to CNBC, institutional investors, who are accustomed to traditional bank storages, fail to secure their crypto holdings, which created a need for crypto custody service. It’s a huge burden for investors to manage all of their private keys by themselves, but there doesn’t seem to be a perfect solution on the market.

Meanwhile, a Blockchain security startup BitGo has recently become the first regulated crypto-oriented custodian after receiving a state trust company charter from the South Dakota Division of Banking. As U.Today reported earlier, banking behemoths in the likes of Goldman Sachs and Northern Trust are also mulling over launching their own custodial services.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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