Top Cryptocurrency Custody Providers
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Holding one’s crypto in a hardware wallet may be a good decision. However, individuals with huge crypto portfolios might want to consider the help of crypto custody service providers.
Who are Crypto Custodians?
These are the third parties that provide the service of keeping custody of cryptocurrencies for investors, institutions, and other cooperating bodies. Custodians ensure that people’s funds are kept safely. So, by making use of custodian services, investors and generally anyone who is a crypto holder do not need to worry about keeping their crypto safe because custodians are taking care of that.
Over time, more crypto custodian service providers have come into existence. Below are some of the very best of them.
BitGo
BitGo has been an authority in crypto custodian services since the time it was established. It manages over 100 types of electronic currencies and tokens via a custody regulation policy. Also, this organization has offline storage facilities and multi-user accounts that can be configured. BitGo is rather the holy grail of cryptocurrency custody service providers.
Gemini
This is a crypto exchange located in New York that provides professional cryptocurrency custody services. The exchange was initially named Volt1, but had its name changed when it was taken over by Genesis Group. Genesis Custody stands as one of the very best cryptocurrency custody service providers.
Gemini uses military-grade encryption for securing users’ private keys in various locations all around the globe.
Cobo
Has a keen focus on cryptocurrency, and it is specifically created for big institutions to purchase and sell a huge volume of cryptocurrency. Like every other platform, they also offer wallet service. However, Cobo is unique because of its in-house cryptocurrency staking platform, where stakers can earn interest on their crypto.
Established by Changhao Jiang and Discus Fish in the year 2027, this platform usually pays high interest rate to encourage more deposits from users.
Fireblocks
Fireblock was established in 2018, and one of its key features is its high-security electronic asset platform, which was created for organizational customers. Fireblock provides a multipurpose platform for keeping and issuing electronic assets in a very secure, reliable, and fast manner. Fireblock also provides multiple-layer security features, which consist of biometrics, multi-party approval, and wallet solutions (hot and cold).
Coinbase
Coinbase started its crypto custody services in 2022. Coinbase has utilized its fame as the best Bitcoin exchange in the United States. The exchange provides a high level of security for electronic currency. Coinbase is usually the technology for routine standardization auditing operations, but they also allow users to stake their crypto from their offline wallets to earn more money like that of a normal bank account.
Etana
Was founded by Brandon Russell in 2014 in Colorado. As of today, Etana services have spread throughout the world. Signing up is free in more than one hundred countries, and people from these countries can use their services for a variety of custodial services.
Interestingly, Etana facilitates the custody of both cryptocurrencies and fiat currency, and they ensure that these assets are accessible at any partner of Etana where users have their accounts.
KingdomTrust
This is one of the top independent and authorized custodians of alternative funds. KingdomTrust offers innovative custodial solutions to both individuals and investors. This organization provides global services to 401,000 holders, broker-dealers, family offices, investment platforms, Ledger Enterprise, single-member LLCs, self-directed IRAs, investment advisers, consultancy companies, private equity funds, and others.
Casa
It was established in 2016 by Jeremy Welch. The organization declared its hope of becoming a safe, auto-custodial organization for BTC. The organization provides services such as a multi-signatory wallet, protected multi-storage, and vault networks dispersed in different geographical locations. Casa’s approach to security stems from the principle of “self-custody”, in which customers retain control of their private key. Meanwhile, Casa focuses on supplying the needed facilities to help users carry out better management of their assets.
Fidelity Digital Assets
This is the latest digital asset custodian service on this list. These custodial services are provided by Fidelity Investments, a company with a customer base of over 40 million. Fidelity Investments started services in 2018. This came following 4 years of researching blockchain technology and Bitcoin during the election cash revolution and also to respond to the increasing demand of organizational investors.
