Why Crypto.com’s Custody Services Are the Best Thing Since Sliced Bread!

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  • Crypto.com is like the babysitter for institutional clients’ digital piggy banks.
  • They’ve got insurance that’s more comprehensive than your Aunt Edna’s holiday fruitcake.

So, here’s the deal: Crypto.com is strutting around claiming to be the top dog in regulatory compliance, security, and privacy in the crypto world. They just rolled out their fancy new custody services for institutional clients from the U.S., Canada, and Singapore. You know, because nothing says “trust me” like a company that’s got a whole lot of regulations to follow. 🙄

These new custody services are built on the same rock-solid tech that’s been keeping Crypto.com’s platform safe since day one. They’re designed for those institutional clients who need a safe space for their virtual assets—like a digital Fort Knox, but without the gold bars and the guards. They’ve got over 100 million customers worldwide, and now they’re adding this shiny new service to the mix. Who wouldn’t want that? 🤷‍♂️

Now, let’s talk about the two big players behind Crypto.com Custody: Custody Trust Company, which is like the responsible adult in the room, chartered by the New Hampshire Banking Department, and Crypto.com Custody Singapore, which is under the watchful eye of the Monetary Authority of Singapore. They’re making sure all those assets are tucked away safely in segregated client multi-party computation (MPC) wallets. Sounds fancy, right? But really, it’s just a high-tech way of saying, “We’re not losing your stuff.”

According to Kris Marszalek, the Co-founder and CEO of Crypto.com, “Safety and security have always been core pillars since day one.” Well, that’s reassuring! They’ve poured a ton of money into making sure they can keep their platform intact while offering the best digital asset services. It’s like they’re saying, “Trust us, we’ve got this!” But you know, with a lot more confidence. 😏

Crypto.com Expands Custody Services to Institutional Clients

Crypto.com Custody is rolling out a proprietary MPC implementation that’s supposed to keep your private keys safer than a secret recipe. They’re all about randomization and execution in TEE for maximum security. It’s like they’re throwing a digital fortress around your assets. And don’t worry, they’re playing by the rules when it comes to anti-money laundering and countering the financing of terrorism. Because who wants to deal with that headache? 🙈

They’ve got the best insurance policies in place to manage risks—cyber insurance, tech errors, and even cold wallet insurance. It’s like they’re wrapping your assets in bubble wrap and putting a “fragile” sticker on them. So, you can breathe easy while dealing with your digital treasures.

In short, Crypto.com’s new custodial services are like a security blanket for institutional clients, ensuring smooth sailing with their institutional products. It’s the all-in-one solution for keeping your assets safe and sound. Who knew crypto could be this cozy? 🛌

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2025-01-28 22:33