Bitfinex announces crypto custody service
The exchange indicated that it will partner with service provider Koine to offer, among other things, a line of credit for its clients
The Bitfinex exchange announced the launch of its own cryptocurrency custody service, by the provider Koine.
“Koine’s unique security model, which implements Digital AirlocksTM, replaces the hot wallet and cold storage model that can compromise the security of private keys as a result of still needing to be ‘dazzled’ by staff”, Bitfinex explained through a statement.
From now on, customers of the London-based digital asset custody provider will be able to enjoy a line of credit through bitcoin and other cryptocurrencies.
Bitfinex Chief Technology Officer Paolo Ardoino noted that thanks to the partnership with Koine the exchange has taken another step “on the road to massive institutional participation in the cryptocurrency trading market”.
“In this collaboration with Koine for the delivery of the post-trade custody infrastructure, we take another step on the road to massive institutional participation in the crypto commerce market”, said Ardonio.
K. Tovar
Source: Crypto-Economy
