Coinzh to Roll out a Custodian Service

Coinzh, a London-based cryptocurrency exchange with roots in Hong Kong, is developing a solution that will allow institutional investors to use the platform as a custodian service.

At their core, cryptocurrency custodians are third-party providers that offer secure crypto storage facilities and associated services. Institutional capital needs these services to get exposure to the cryptocurrency market - they free it from the necessity to address the panoply of issues that the in-house storage of digital assets involves.

Besides purely technical reasons, institutional investors (for example, hedge funds) across many jurisdictions are required by law to store customer assets with a "qualified custodian". The main idea behind this regulation is the safekeeping of client assets.

And since in the last couple of years cryptocurrencies became much more institutionalized, it is hardly surprising that Coinzh is interested in offering this service to its corporate clients.

Coinzh custody will enable high-net individuals and businesses to have easy online access to crypto assets including the deposit and withdrawal of supported cryptocurrencies as well as moving coins freely between custodial and exchange accounts on Coinzh. Bitcoin is to become the first cryptocurrency for which the exchange will provide a custodian service.

With the launch of its custody solution, Coinzh will be able to fill the needs of institutional investors in a better, faster and easier way than traditional finance.