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Bitcoin

Bitcoin, released to the world in 2009 by a person or people called Satoshi Nakamoto, is not backed by a central bank or a government and is seen as an alternative payment system. In February 2013, Bitcoin went into the mainstream as a monetary crisis threatened to bankrupt Cyprus, seen as a safer bet. Early adopters of Bitcoin have been richly rewarded as the price has soared – in one case, a young Norwegian bought a house from an $850,000 windfall on a US$22 investment.

Demand for crypto custody services are rising trading of cryptocurrencies increases. Photo: Shutterstock

Crypto custodian demand grows on rising cryptocurrency trading

Increasing interest in cryptocurrency trading from financial institutions including hedge funds has fuelled need for alternative asset safekeeping options

Increasing interest in cryptocurrency trading from financial institutions including hedge funds has fuelled need for alternative asset safekeeping options