<a href="https://www.cryptoknowmics.com/crypto/top-five-alternatives-to-coinbase/">Crypto exchanges</a> seem to recognize the importance of expanding their horizons. The latest to recognize it has been the crypto exchange based in New York, Gemini, which has decided to launch its own custody service, which will be called Gemini Custody.

Through a press release, Gemini states that the custody solution will allow its clients to verify balances, download account statements, initiate withdrawals and grant auditors access only by sight to confirm balances, transactions and activities.

The firm which was founded in 2014 by Cameron and Tyler Winklevoss also announced the launch of the Gemini Trust Company which will act as a custodian regulated and supervised by the New York Department of Financial Services (NYDFS).

This new service will allow crypto exchange customers to perform instant trading with 18 <a href="http://coinmarketcap.com">cryptocurrencies</a> that are stored offline, or in a cold wallet.
<h3>Bitcoin Headlines List Of Cryptocurrencies On The New Platform</h3>
Among the backed cryptocurrencies are Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Zcash, as well as the following ERC-20 Tokens: 0x (ZRX), Augur (REP), Basic Attention Token (BAT), Bread (BRD), Dai (DAI), Decentraland (MANA), Enjin (ENJ), Flexacoin (FXC), Gemini dollar (GUSD), Kyber Network (KNC), Loom Network (LOOM), Maker (MKR) and OmiseGo (OMG).

The main importance of this new service is that now the trading can be instantaneous, previously they would have to wait even more than one day to access and carry out their operations.

The statement also noted that customers will be able to configure a list of addresses that will be the only ones to which their wallet funds can be sent; grant auditors access to confirm balances and activity; as well as they can configure different sub accounts with different types of security.

In a statement, Gemini's chief operating officer, Jeanine Hightower-Sellitto, said Gemini Custody is a "native crypto solution" that provides security and liquidity to customers.
<h3>Gemini Seeking To Create Unique Solution To Growing Problem</h3>
Jeanine Hightower-Sellitto, Gemini's chief operating officer, explained that institutional investors have demonstrated a clear and growing demand for cryptos, but that some struggle to find a solution that fully complies with complex regulatory and security requirements.

"Institutional investors have demonstrated a clear and growing demand for cryptography, but they have struggled to find a solution that fully meets their complex regulatory and security requirements."

On the other hand, this new service is mainly aimed at the institutional client. In fact, Tyler Winklevoss recognizes that from the beginning Gemini realized the need for a custody solution that is safe, compatible and easy to use for individuals and institutions.

The crypto exchange reaches a market that is at a peak of greater competition, and it is time to see if it is prepared to position itself in them.

Gemini Launches Its Custody Service With 18 Tokens

I am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.

Gemini Launches Its Custody Service With 18 Tokens

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