Crypto 24X7 News Hubb
Advertisement
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
Crypto 24X7 News Hubb
No Result
View All Result
Home Crypto Mining

Zodia Custody Rolls Out New Service, Dubbed Interchange

admin by admin
December 11, 2022
in Crypto Mining


The company states that its new service, Interchange is an alternative to “the pre-funding and margin models on exchanges.”

Zodia Custody, a London-based crypto asset custodian for institutional investors backed by financial institutions Northern Trust and Standard Chartered, has launched a new service called Interchange.

According to a press release shared by Financial IT, the new service will protect “clients’ digital assets from exchange insolvency.”

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

In its press release, Zodia Custody stated that Interchange can be considered an alternative to “the pre-funding and margin models on exchanges.” Users reportedly will be able to keep their assets with Zodia Custody but mirror them to other exchanges. Regarding the matter, the company noted:

Zodia Custody is committed to helping its clients safely and securely trade cryptocurrencies, while mitigating counterparty risk between participants involved in digital asset trading activities.

Interchange ensures customer safety by “combining institutional-grade security with the backing of a regulated entity.”

The company states that its new service can be used with Proof of Reserves and multi-exchanges. On top of that, Zodia highlighted that its new service, Interchange, offers full “transparency and control to exchanges.” Moreover, users can have “instant access to exchange trading balances” and automated post-trade settlement.

When talking about the release, Zodia Custody CEO Maxime de Guillebon stated:

The difficulties crypto investors have endured over the last year have exacerbated how critical these principles are today. At Zodia Custody, we believe that such a solution, like Interchange, is not optional, but mandatory.

It is worth noting that Zodia Custody was launched by Standard Chartered’s ventures and innovation unit two years ago, in December 2020. On top of that, during this time, Zodia Custody was registered by the United Kingdom’s financial regulator, the Financial Conduct Authority, as a crypto asset business.

Gile K. - Crypto Analyst

by Gile K. – Crypto Analyst, BitDegree




Source link

Previous Post

How Bitcoin Can Enrich Our Lives – Bitcoin Magazine

Next Post

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance – Defi Bitcoin News

Next Post

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance – Defi Bitcoin News

Recommended

Will This New Development Push The Chainlink Price To $7?

December 8, 2022

Billionaire Investor Bill Miller Sees Fresh Opportunities for Bitcoin Amid Sell-off

December 26, 2022

Don't miss it

Crypto Currency

CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December

February 3, 2023
Ethereum

Logan Paul and CryptoZoo sued in class action lawsuit

February 3, 2023
Crypto Currency

Chainalysis to Dismiss 48 Employees, Prepares to Reorganize Structure

February 3, 2023
Crypto Currency

MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B

February 3, 2023
Bitcoin

ETH platform Blocknative adds bundles, cancellation, replacement

February 3, 2023
Bitcoin

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players – Metaverse Bitcoin News

February 2, 2023

© 2022 Crypto 24X7 News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

© 2022 Crypto 24X7 News Hubb All rights reserved.