Gemini, one of the most recognized cryptocurrency exchanges in the market, introduced a Qualified Custodian for cryptocurrencies. The new service is called Gemini Custody™ and they will support a large number of digital assets. The information was released by Gemini a few hours ago in a blog post.
Gemini Launches New Custody Services For Investors
The crypto exchange Gemini announced its new qualified custodian for digital currencies. Although the firm informs that this is not the first time that it offers custodial services since they were launched in 2015, they are now offering new products and services for users.
There are going to be 18 different cryptocurrencies supported for custody, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Zcash (ZEC), Ether (ETH) and many other ERC-20 tokens such as 0x (ZRX), Augur (REP) and Basic Attention Token (BAT), among others.
Furthermore, the firm explains that Gemini Trust Company, LLC is a New York trust company and Qualified Custodian that has been chartered by the New York State Department of Financial Services (NYDFS) under Section 100 of the New York Banking Law. Gemini Custody™ is also undergoing a Type 2 examination. Read More at UseTheBitcoin...