What is a crypto custody service?
Could you elaborate on what a crypto custody service entails? I've heard the term mentioned in the context of digital assets, but I'm not entirely clear on its specific functions and importance. Is it a service that stores and safeguards cryptocurrencies for clients? Does it involve managing private keys and ensuring the security of digital wallets? I'm curious to know if it also involves facilitating transactions or if there are additional responsibilities and features associated with it. I'd appreciate a concise yet thorough explanation to gain a better understanding of crypto custody services.
Is NASDAQ launching a crypto custody service?
Could you clarify, is NASDAQ indeed initiating a crypto custody service? I've heard rumors about this but I'm eager to get a concrete answer. If so, could you elaborate on the details of this service? What cryptocurrencies will it support? How does NASDAQ plan to ensure the safety and security of these digital assets? And finally, how does this move align with NASDAQ's broader strategy in the cryptocurrency and finance landscape?