QUOTE OF THE DAY
“I wasted time, and now doth time waste me.”
Yesterday Coinbase announced the launch of a new company to help institutional investors securely store digital assets.
A custodian is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets.
Coinbase Custody will provide these services to digital assets, and provide strict financial controls and secure storage for institutional investors wanting to trade digital currencies like Bitcoin and Ethereum (and more).
TL;DR - This is huge news for the crypto space and provides new access to billions of dollars of institutional money waiting on the sidelines to invest in digital currencies.
Swiss Firms to Let Traders Short Bitcoin With New Futures Products
Swiss asset management firm Vontobel will launch a new futures product designed to let customers bet against the price of bitcoin.
My Current Sentiment: Neutral.