RATE Group | Crypto Custodian Copper Raised $8 Million for Expansion
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Crypto Custodian Copper Raised $8 Million for Expansion

18 Feb Crypto Custodian Copper Raised $8 Million for Expansion

Posted at 05:59h in Cryptocurrency News by

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Cryptocurrencies have always faced challenges when it comes to reducing risk and making themselves regulatory compliant for traditional investors. Providing custody for Bitcoin and others is becoming increasingly more complex due to the nature of crypto: whoever has control of the asset, owns the asset. While users typically had to store their own BTC private keys when the cryptocurrency was launched, now there are more solutions like cypherpunk storage and crypto banks like Coinbase.  

At present, crypto custody solutions range from: 

  • Self-custody

  • Third-party custody 

  • Inter-exchange custody 

Copper and Binance are such exchanges offering custody for cryptocurrencies, and the former just received a huge boost in the UK this week. CoinDesk reported that the London-based startup has raised $8 million in a Series A round which included venture capital firms like MMC Ventures and LocalGlobe. With such capital, Copper founder and CEO Dmitry Tokarev have expressed his intention of…

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