Custodia Bank Highlights Bitcoin Custody Shifting To US Banks

Quick Summary:

In a recent post on the X platform, Custodia Bank’s CEO has spotlighted the growing trend of Bitcoin custody moving to US banks.

This shift is driven by the need for asset segregation and bankruptcy protection, which specialized charters like Wyoming’s SPDI offer.

Meanwhile, they provide an institutional-grade custody service with segregated assets and state-of-the-art controls.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaAustralia

Topics: Kraken Crypto custody Bitcoin 24/7 Cryptocurrency News Custodia Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 16:46:42 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 40 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21874673

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 39 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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