Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   1596

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services. 

CFTC Head to Report on ETH Futures Launch Date

Also, speaking at the DC Fintech Week summit, head of agency said that the status of the asset may change over time
22 October 2019   63

Regulated Ethereum futures will appear within six months or a year, said Heath Tarbert, chairman of the U.S. derivatives trading commission (CFTC).

At the DC Fintech Week summit, the head of the agency reaffirmed that the status of the asset may change over time. A security can become a commodity and vice versa.

He also believes that derivatives will appear on other cryptocurrencies.