WILL CRYPTOCURRENCY CUSTODY SERVICES FUEL INSTITUTIONAL DEMAND?

July 22, 2018

 

Demand for secure cryptocurrency storage services is increasing. Meanwhile, investment managers and exchanges are creating services to meet the demand. Will this, in turn, encourage more high-net-worth and institutional investment in cryptocurrencies? Traditional and high-value investors may still be wary of cryptocurrency exchanges, especially considering the frequency of major hacks. Such investors often feel more comfortable with the safe custody of their assets provided by banks and financial institutions.Institutional investors are also likely to seek out over-the-counter (OTC) services for a more conventional style investment. Because of this, financial institutions new and old are creating OTC desks. Since OTC cryptocurrency transactions are usually of a higher value, demand for digital asset storage is boosted.

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