The Battle to capture Institutions for Crypto Custody Services Heats Up

Colleagues, firms such as BitGo, Ledger, Coinbase and Madison Trust are all vying for institutional clients for their Cryptocurrency Custody services. Custodian services catering to large institutions is a growing and vital element of the broader cryptocurrency ecosystem. Such competition is one more indicator that crypto assets are crossing the chasm from individual traders to corporate and heavy weight institutions. For example, Madison Trust offers both Directed and Self-Directed IRA instruments for RIAs. Registered Investment Advisors are required to annually register with the SEC and disclose any conflicts of interest they have regarding the transactions they execute for their clients. A key data point is the Charles Schwab RIA Benchmarking Study which show steady grow in custodian services. While this study is rather conventional, what is really needed is a comparable benchmarking study of crypto assets under custodial management. The Cryptocurrency Academy fully expects crypto assets to comprise an increasingly higher percent of all assets under RIA management. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)