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TheBlock
2020-01-23 09:19:34

[SPONSORED] Examining the landscape of Digital Asset custody

Quick TakeCustody of digital assets has seen approximately $1.3 billion in investment, with approximately $415 million allocated to pure crypto custody firmsPure custody companies saw capital injections during bear market conditions, after large swings price of Bitcoin. In 2014 and 2018, investment saw an increase of 7,404% and 1,272% YoY, respectivelyWith more custody suppliers than institutional demand, the market seems ripe for M&A transactions this year similar to Coinbase’s acquisition of Xapo’s Institutional service in 2019