As a seasoned crypto investor with a keen interest in the latest developments within the industry, I’m thrilled to see Marathon Digital Holdings partnering with Standard Chartered-backed Zodia Custody for digital asset custody services outside the United States. This strategic move comes at an opportune time when Bitcoin miners are exploring ways to grow and expand their business post-halving.
Marathon Digital, one of the largest publicly traded Bitcoin mining companies in the world, has chosen Zodia Custody for its digital asset custody services outside the United States. Notably, Zodia Custody is backed by Standard Chartered and has recently joined Metaco’s global crypto storage network. This collaboration offers companies convenient access to cryptocurrency storage and settlement while ensuring robust security measures.
Marathon Digital Selects Standard Chartered Backed Zodia Custody
On April 29, in a press announcement, Bitcoin mining company Marathon Digital Holdings disclosed its decision to partner with Zodia Custody. Notably, Zodia Custody is backed by reputable financial institutions such as Standard Chartered, SBI Holdings, and Northern Trust. This choice was made following Marathon Digital’s announcement of intent to purchase bitcoin miners, sites, or companies due to the diminished Bitcoin rewards post-halving event.
As a crypto investor, I would interpret this announcement as follows: This new partnership will significantly enhance the diversity of my asset custody with Marathon. Moreover, it brings extra peace of mind by ensuring insolvency-remote protection and secure cold-wallet storage for my digital assets.
Julian Sawyer, CEO of Zodia Custody, expressed that our values and aspirations for the future are aligning closely with Marathon’s, making us a suitable match. In our role as Marathon’s fourth custodian, we contribute valuable diversity and enhanced risk management, which is crucial for the ecosystem.
Industry-Grade Crypto Custody Services Zodia Custody
As a crypto investor, I would put my trust in Marathon’s choice of Zodia Custody based on their robust compliance standards and esteemed reputation within the institutional digital asset custody sector.
Expert: Standard Chartered’s Zodia Custody caters to institutional clients from various sectors, including digital asset mining. Salman Khan, Marathon Digital’s CFO, views their recent collaboration as a significant move in fostering expansion for the digital asset mining sector.
During this current Bitcoin bull market, miners anticipate that the price surge will supply them with the essential funds to expand and develop their businesses, as the block reward they receive is set to decrease following the Bitcoin halving event.
In the previous 24 hours, the value of Bitcoin decreased by 2%, now being sold at $62,628. The lowest and highest prices within this timeframe were recorded as $61,955 and $63,935 respectively. Notably, there has been a significant surge in trading activity, with a 25% rise in volume compared to the past day.
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2024-04-29 16:21