Bitfinex Launches Institutional Custody Service
Representatives of one of the largest cryptocurrency sites Bitfinex announced a collaboration with London-based custodian services provider Koine. Together, they launched an institutional oriented post-trading service.
Koine customers who have opened an account on Bitfinex will now be able to get a loan on the crypto site. Also, they will have the opportunity to use their own cryptocurrencies as a deposit. Besides, this partnership is aimed at reducing counterparty risks.
The technical director at Bitfinex Paolo Ardoino believes that this is another step towards the massive participation of institutional investors in cryptocurrency trading.
Important to note, Koine has a license from the UK regulator and provides storage services for digital currencies.