RATE Group | Custodial Solutions Are Latest Innovation In Cryptocurrency Ecosystem As Seen By Coinbas…
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Custodial Solutions Are Latest Innovation In Cryptocurrency Ecosystem As Seen By Coinbas…

20 Sep Custodial Solutions Are Latest Innovation In Cryptocurrency Ecosystem As Seen By Coinbas…

Posted at 16:55h in Cryptocurrency News by

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Metal Bitcoins, Ethereum, Ripple XRP and Litecoin coins, symbolic coins of digital crypto currencies. Four very popular large cap crypto currencies with each other coming out of a wallet.

Custody solutions (products offered by third party providers of storage and security services for cryptocurrencies) have become the latest innovation to emerge from the cryptocurrency ecosystem. The introduction of custodianship is expected to herald the entry of institutional capital into the industry, acting as the missing link investors and fund managers have been seeking for entrance into the crypto market.

The largest U.S. cryptocurrency operator, Coinbase, estimates $20 billion worth of crypto is sidelined until custody solutions make sense. Sam McIngvale, who’s leading the Coinbase Custody project, believes that crypto assets will flow into custody services once they become readily available.

“Coinbase Custody’s mission is to make digital currency…

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