Bitfinex Launches Institution-Grade Custody Services With New Koine Partnership

Bitfinex cryptocurrency exchange has partnered with London-based digital asset custodian Koine to roll out institution-grade custody and post-trade services.

On May 13, Bitifinex announced that Koine would be providing the exchange with a series of services that can help professional traders to mitigate the counterparty and settlement risks associated with cryptocurrency trades.

Bitfinex, which caters some of its offerings to professional clients by supporting algorithmic and over-the-counter trading, claims the new suite of services will help to encourage institutional participation in crypto markets.

Koine’s storage model is neither “hot” nor “cold”

Speaking to Cointelegraph, Phil Mochan, founder and head of strategy and corporate development at Koine, explained how its security model for crypto-asset custody works.

Instead of following the established procedures for either “hot” or “cold” crypto-asset storage, its solution uses three separated pieces of technology,…