We recognized the need for a:
-Cost-effective #cryptocustody solution, for both personal and institutional use.
— Gemini (@Gemini) September 10, 2019
According to the announcement, Gemini Custody allows investors to easily access their assets and instantly trade directly on Gemini’s exchange. The company stores customers’ cryptocurrency holdings offline using hardware security modules (HSMs), multi-signature technology and geographically distributed, access-controlled facilities.
“The maturation of crypto as an asset class depends heavily on the safety and soundness of the custodians that hold individual and institutional funds,” said Gemini CEO Tyler Winklevoss. “From day one, Gemini recognized the need for a world-class custody solution that is secure, compliant, and easy to use for individuals and institutions around the world. We are thrilled to continue our security-first tradition by providing our customers with Gemini Custody, an expanded offering of our state-of-the-art custody solution.”
Jeanine Hightower-Sellitto, the managing director of operations at Gemini, added, “Institutional investors have demonstrated a clear and growing demand for crypto, but they’ve struggled to find a solution that fully meets their complex regulatory and security requirements. Gemini Custody is the only crypto-native solution in the market today that meets these complex requirements without sacrificing security or liquidity.”
Gemini Custody supports Bitcoin, Bitcoin Cash, Ether, Litecoin, Zcash and the following ERC-20 tokens: 0x (ZRX), Augur (REP), Basic Attention (BAT), Bread (BRD), Dai (DAI), Decentraland (MANA), Enjin (ENJ), Flexacoin (FXC), Gemini dollar (GUSD), Kyber Network (KNC), Loom Network (LOOM), Maker (MKR) and OmiseGo (OMG).
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.