Gemini Crypto Exchange Launches Custody Service For Institutional Investors
American cryptocurrency exchange Gemini this Tuesday launched its own custodian service Gemini Custody.
According to the company, the new service, in addition to storing assets, will allow customers to check balances, download cash flow statements and provide third-party firms with limited access to conduct audits. In addition, funds held in Gemini Custody can be used for trading on the exchange without having to wait for them to be withdrawn from cold storage..
Gemini Custody supports 18 cryptocurrency assets, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Zcash, and a range of ERC20 tokens.
As Bloomberg notes, the service is primarily focused on attracting institutional investors to the company’s products..
“Gemini Custody is the only crypto solution that meets the complex requirements of institutions without compromising security, experience or support,” the company said..
What amount of funds is already under the management of Gemini Custody, the representatives of the exchange refused to tell.
In April, Gemini added Segwit support for Bitcoin transactions.
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