Tag Archives: Cold Storage

Goldmoney Enables Cold Storage For Two More Cryptocurrencies

Goldmoney, the world’s largest gold savings and transfer network, has added two more major cryptocurrencies to its cold storage service, according to a press-release published Feb. 27. The company, which already provides a cold storage service for Bitcoin (BTC), announced it is now adding “Anti-Money Laundering (“AML”)-Compliant” Ethereum (ETH) storage, with Bitcoin Cash (BCH) storage to follow soon after. According to their press release, Goldmoney Inc. safeguards nearly $2 billion in assets for clients located in more than 150 countries. “Goldmoney clients can now directly purchase Anti-Money Laundering (“AML”)-Compliant Ethereum and sell their Ethereum holdings back to Goldmoney in the same way they buy or sell Bitcoin and precious metals,” Goldmoney reports. As the company explains, client-held cryptocurrencies are stored and secured in an offline cold storage, “with private keys stored in a password-protected hardware wallet”.

Reference: https://cointelegraph.com/news/gold-trading-giant-goldmoney-enables-cold-storage-for-two-more-cryptocurrencies

Liechtenstein’s Bank Frick Introduces ‘Direct’ Cryptocurrency Investment And Cold Storage

Liechtenstein lending institution Bank Frick now offers “direct investment” and cold storage of five cryptocurrencies, it announced in a press release Feb. 28, noting it is the “first” financial instituion in the country to do so. Aimed primarily at “professional market participants and financial intermediaries,” according to Frick, investment and storage is offered for Bitcoin, Bitcoin Cash, Litecoin, Ripple and Ether. The bank, which was founded in 1998, has sought to stand out from competition in the tiny European country, introducing a crypto investment and storage service that is “in demand” beyond its borders, it says. “Our services are in demand from companies across the whole of Europe,” chief client officer Hubert Büchel commented in the release. Despite Bank Frick being previously active in crypto-based products, the move appears to copy neighboring Switzerland, where institutions Vontobel and Falcon Private Bank have been offering exposure to crypto investments since as far back as 2016.

Reference: https://cointelegraph.com/news/liechtensteins-bank-frick-introduces-direct-cryptocurrency-investment-and-cold-storage