Quick Take

  • With a flood of capital coming into the crypto asset class in 2017, there was a rush to provide storage solutions for many different kinds of customers
  • Large exchanges have entered the space as well as new startups trying to capture a part of the value chain
  • Incumbents seem to have a strong advantage given on-going margin compression

In 2017, cryptocurrencies saw a spark of institutional interest and with it, a number of new categories of startups emerged:

  • Asset custody: With crypto-fund managers offering an estimated $10b+ in AUM and potential incoming institutional capital, competition to be the premier asset custody provider intensified as each entrant rushed to slash fees, increase asset coverage, get insurance under-written, and demonstrate regulatory compliance.

Let’s block ads! (Why?)

Source link

Load More By admin
Load More In Cryptocurrency

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Picking the best security camera for your needs – Engadget

By Rachel Cericola This post was done in partnership with Wirecutter. When readers choose …