Gemini Crypto Exchange launched its own custodial service

The New York crypto exchange Gemini, which was founded 5 years ago by the Winklevoss brothers, launched its own custodial service Gemini Custody.

A press release from Gemini says that the new custodian solution will allow customers to check balances, initiate withdrawal operations, and it also rewards auditors who monitor activity on the service and transactions. Through this service, customers will also be able to trade on Gemini. Custodial users received access to 18 assets, including BTC, BCH, ETH, LTC, Zcash and ERC-20 tokens. Note that only the aforementioned assets and the Gemini Dollar are represented on Gemim.

We recognized the need for a:

-Compliant
-Uncompromisingly secure
-Globally accessible
-Cost-effective #cryptocustody solution, for both personal and institutional use.

We created #GeminiCustody with those needs in mind.
Learn more about it here: https://t.co/zpR6DUg0PJ

Gemini (@Gemini) September 10, 2019

Tyler Winklevoss, CEO of Gemini, noted that the availability of a decent caste-based solution at the crypto exchange is the main factor that affects the full development of the company. So, Gemini has matured a plan to provide users around the world with a reliable, easy-to-use custodial service.