This new service promises to protect clients' assets by mitigating the risks associated with cryptocurrency trading on exchanges.
Crypto asset provider Zodia Custody has launched a new service to help protect its clients from exchange insolvency.
According to the company, its new service, Interchange, will provide an alternative to the pre-funding and margin models of exchanges. The service is set to allow users to keep their assets with Zodia Custody while mirroring holdings in exchanges, thereby protecting clients’ digital assets in the event that an exchange becomes insolvent.
Based in London, Zodia Custody is backed by financial institutions Standard Chartered and Northern Trust.
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