Gemini cryptocurrency exchange launched a custodial service. Gemini Custody will allow customers to trade assets that are stored offline through instant loans, according to a press release.
The service, operated by the regulated custodian of Gemini Trust Company, supports multi-signature technology, white lists of addresses for withdrawal, additional accounts with different access levels, and also provides access to auditors.
Users of the service are available Bitcoin, Ethereum, Litecoin, Bitcoin Cash, ZCash, 0x, Augur, BAT, BRD, Dai, Maker, MANA, Enjin, Flexacoin, Gemini Dollar, OmiseGo, and etc. The exchange itself only supports the first five assets and the Gemini Dollar.
Among the Winklevoss Brothers rivals, the industry's largest custodian is Coinbase Custody, BitGo, and Fidelity Digital Assets.
Own custodial solution has already been launched by Bakkt, a platform for trading deliverable bitcoin futures.