The Importance of Custodians in the Crypto Industry

Custodians play a crucial role in the cryptocurrency industry by providing secure storage solutions for digital assets. They offer a level of protection and trust that individuals may struggle to achieve on their own. Custodians like BitGo have sophisticated security measures in place, such as multi-signature wallets and cold storage, to safeguard client funds. They undergo audits and adhere to regulatory requirements to ensure proper controls and procedures are implemented. By using custodians, individuals and institutional investors can mitigate the risks associated with self-custody and have peace of mind knowing their assets are being securely held.