Questions tagged [custodian]

CryptoPioneer Tue Oct 29 2024 | 7 answers 1424

I'm trying to understand if Coinbase operates as a custodian. I want to know if they hold and manage digital assets for their customers, providing secure storage solutions.

Lorenzo Sun Sep 08 2024 | 0 answers 0

Excuse me, could you please clarify something for me? I've been hearing a lot about spot Bitcoin ETFs recently, and I'm wondering if they could be considered as a form of 'custodian' for bitcoin investors? I understand that ETFs track the performance of an asset or index, but does the term 'custodian' accurately describe their role in holding and managing bitcoin on behalf of investors? Or is there another term that better captures their function in the cryptocurrency market? Thank you in advance for your insights.

MysticChaser Sun Sep 08 2024 | 5 answers 1457

Considering the unique nature of Bitcoin and its decentralized structure, doesn't it raise concerns when it comes to the security of a Bitcoin ETF? Does it inherently require a custodian to ensure the safety and integrity of the underlying assets? And if so, what kind of custodian would be best suited for the job, given the complexities and risks associated with Bitcoin? Or is there an alternative approach to managing the assets without relying solely on a traditional custodian?

Valentino Sat Sep 07 2024 | 5 answers 637

I'm curious to understand the role of BitGo in the context of Bitcoin ETF applications. Specifically, is BitGo acting as a custodian for these types of financial products? If so, how does this partnership or involvement work, and what benefits does it offer to investors and the ETF industry as a whole? Additionally, what are the security measures and protocols in place to ensure the safety and integrity of the bitcoin assets under BitGo's custody?

Lorenzo Wed Sep 04 2024 | 7 answers 1606

Who exactly is the best custodian in the world of cryptocurrency and finance? With so many options available, it's crucial to find a trusted and reliable entity to safeguard your digital assets. Are there any specific criteria or qualifications that a top-tier custodian should possess? Is there a particular reputation or track record that sets one apart from the rest? Additionally, how do investors typically evaluate and choose the best custodian for their needs? It's a crucial decision that demands careful consideration, so let's delve deeper into the question: Who truly is the best custodian in this ever-evolving landscape?