Categories: Finance

Zodia Custody service introduced a solution to protect the assets of users of crypto-exchanges

Zodia Custody service introduced a solution to protect the assets of users of crypto-exchanges

Cryptocurrency custodial service from London has proposed a new solution Interchange – it is argued that with its help users will be able to be more calm about assets on cryptocurrency exchanges.

The idea of ​​the Zodia Custody team is that the user will be able to store their assets with the custodian. Exchanges will only reflect these assets on their accounts. Interchange is going to be run by Zodia Markets.

“The main principle of Zodia Custody has always been the security of assets, the separation of companies that store assets and provide trading, as well as effective risk management. The difficulties that cryptocurrency investors have faced over the past year have once again shown the importance of adhering to these principles. We have developed Interchange and we believe that its use is not just optional, but mandatory,” said Zodia Custody CEO Maxime de Guillebon.

British financial giant Standard Chartered is behind Zodia Custody, and Northern Trust invested in the company. The custodial service has already been licensed by the local regulator.

Source: Bits