Kraken Unveils Qualified Custody for Institutions in Crypto-Friendly Wyoming
Kraken Institutional operates under the exchange’s state-chartered banking license in Wyoming, attained back in 2020.
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Kraken Institutional operates under the exchange’s state-chartered banking license in Wyoming, attained back in 2020.
Cordial Treasury gives all the software to the customer, not just a bit of a cryptographic key.
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
As a financial advisor, it is crucial to understand that there is no one-size-fits-all approach to crypto custody. Instead, the most suitable solution depends on your client’s specific needs, goals, and risk appetite.
A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe.
Crypto custody specialist Taurus has partnered with lending company Teylor.
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.
Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC.
India’s Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.
The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.