What is the role of NASDAQ in providing custody services for Bitcoin?

3 answers

• Dec 27, 2021 · 3 years ago
  NASDAQ, one of the largest stock exchanges in the world, has expanded its services to include custody solutions for Bitcoin. Their role in providing custody services for Bitcoin involves securely storing and safeguarding Bitcoin assets on behalf of their clients. NASDAQ's custody service utilizes advanced security measures, such as multi-signature wallets and cold storage, to protect Bitcoin holdings from theft or unauthorized access. By offering custody services, NASDAQ aims to provide a trusted and regulated platform for institutional investors and individuals to securely store their Bitcoin holdings.
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• Dec 27, 2021 · 3 years ago
  NASDAQ's custody service for Bitcoin works by creating individual wallets for each client and securely storing their private keys. These private keys are encrypted and stored offline in cold storage, which significantly reduces the risk of hacking or theft. NASDAQ also implements multi-signature wallets, where multiple keys are required to authorize transactions, adding an extra layer of security. The custody service is designed to provide peace of mind for Bitcoin holders, knowing that their assets are stored in a secure and regulated environment.
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• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can say that NASDAQ's custody service for Bitcoin is a significant development for the market. It provides institutional investors with a trusted and regulated platform to securely store their Bitcoin holdings. With NASDAQ's reputation and expertise in financial markets, their custody service brings a level of credibility and professionalism to the Bitcoin industry. This is particularly important for institutional investors who require a secure and compliant solution for holding their digital assets. Overall, NASDAQ's role in providing custody services for Bitcoin is to offer a secure and regulated environment for individuals and institutions to store their Bitcoin holdings.
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