Bitfinex launches institutional custody solution in collaboration with Koine » CryptoNinjas

 

Bitfinex, the popular bitcoin and cryptocurrency exchange, and Koine, a London-based digital asset custody provider, have launched an institutionally oriented post-trade service, enabling investors to mitigate counterparty risk and the use of private keys in the clearing and settlement of cryptocurrencies.

Koine customers gain access to a post-trade solution from a business licensed by the UK’s Financial Conduct Authority, a service specifically designed for institutional investors to mitigate counterparty, insolvency and credit risks of trading on exchanges. Koine customers who also have an account on Bitfinex will be able to obtain a line of credit on the Bitfinex trading platform using bitcoin or other cryptocurrencies held with Koine. The Koine service, which provides settlement and segregated custody services for digital assets, along with digital assets to fiat, offers an efficient, near real-time solution that obviates manual post-trade…


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