BITPRISMIA
Hong Kong's Securities and Futures Commission (SFC) is tightening custody standards for licensed crypto exchanges following a regulatory review that identified weaknesses in cyber defenses.
Citigroup is exploring digital asset custody and payment services, including stablecoin payments and cryptocurrency ETFs, signaling a significant step towards institutional adoption of digital assets.
Upbit, a leading South Korean crypto exchange, has launched Upbit Custody, a dedicated institutional-grade crypto custody platform emphasizing offline storage and advanced security measures.
Binance partners with BBVA to offer off-exchange asset custody, aiming to rebuild trust after regulatory fines and the FTX collapse, while traditional banks like BBVA show increasing interest in crypto services.
Binance has partnered with Spanish bank BBVA to provide off-exchange custody services for its customers, reflecting a broader trend of crypto exchanges separating custody from trading operations.
Binance has partnered with BBVA to enhance its custody solutions by holding user funds in U.S. Treasuries, marking a significant step towards institutional integration and improved security in the crypto space.
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AMINA, a Swiss-based crypto bank, has expanded its services to include trading and custody for the SUI token, enhancing institutional access and security for the Sui blockchain.
A significant transfer of 23,321 ETH (worth $82.64M) from institutional custody platform Ceffu to Binance has drawn attention, highlighting the role of institutional players in the crypto market and potential impacts on trading strategies and market dynamics.