In the past few months, a significant number of banks and businesses have launched the full custodian cryptocurrency service. These solutions are designed to offer the investors a complete peace of mind to understand that the assets are insured, secure, and in the care of a trustworthy third party. It frees the investor from the responsibility of safeguarding their assets.

Launches of Cryptocurrency Custodianship Services

Various solutions for cryptocurrency custodianship have been launched in the recent past. These services have been designed to help investors like family offices, hedge funds, and market intermediaries.

There has been a rise in the demand for traditional and established custodian services for offering secure storage for cryptocurrencies. For most people, these services act as the bridge for supporting institution capital, moving into the cryptocurrency market. There have been reports that major banks are planning to roll the cryptocurrency custody solutions.

The custody services provide for KYC and AML compliance, which may pose some of the major time and resource restraints on transactions if not done at the right time. A large part of the marketplace comprises of buyers, sellers, and custody providers offering single custody exchange offers.

Reach out to the Wallex Trust to find a trustworthy full custodian cryptocurrency service to manage your cryptocurrency assets.