The New York based Gemini cryptocurrency exchange, known as the exchange founded by the famous Winklevoss twins, is officially launching its own custody service – Gemini Custody. The latest cryptocurrency news bring a lot of updates – one of which is a Medium post where Gemini states that the newly launched custody solution will allow its customers to do many things.
These things include anything from checking balances to downloading account statements, initiating withdrawals and/or granting auditors view-only access in order to confirm balances, transactions and activity.
In the altcoin news, reports say that the customers of the Gemini cryptocurrency exchange will also be able to trade their assets in custody on the Gemini exchange without waiting for them to be transferred from the cold storage.
Currently, the Gemini cryptocurrency exchange supports 18 cryptocurrencies. As many best cryptocurrency news sites reported, these include the names of Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Zcash (ZEC) – plus the following ERC-20 tokens: 0x (ZRX), Augur (REP), Basic Attention Token (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).
The CEO of the Gemini cryptocurrency exchange, Tyler Winklevoss, expressed his optimism for the launch of the custody services. He said that the maturation of crypto is much needed and that it depends on custodial security, adding:
“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.”
The managing director of operations at the Gemini cryptocurrency exchange also had a say, explaining that the institutional investors so far demonstrated a clear and growing demand for crypto. Jeanine Hightower-Sellitto also said that some of them struggle to find a solution which will fully meet the complex regulatory and security requirements.
Meanwhile, the Winklevoss twins (Tyler and Cameron) recently said that they are open to partnering with Mark Zuckerberg on the Facebook Libra stablecoin project. One of the founders of the Gemini cryptocurrency exchange (Cameron) also argued that Libra is a major step forward in the adoption of cryptocurrency.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post