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Coronavirus Lockdown Is Boosting Demand For Bitcoin Custody Solutions
Summary: Bitcoin wallet startups have seen a boost in activity due to the uncertainty of the coronavirus crisis and rising bitcoin prices. In just the past two months Austin, Texas-based bitcoin startup Unchained Capital, with over $50 million in assets under management and $150 million worth of bitcoin transactions processed, gained several dozen new institutional clients, ...
Bitcoin wallet startups have seen a boost in activity due to the uncertainty of the coronavirus crisis and rising bitcoin prices.
In just the past two months Austin, Texas-based bitcoin startup Unchained Capital, with over $50 million in assets under management and $150 million worth of bitcoin transactions processed, gained several dozen new institutional clients, representing hundreds of individuals. Unchained saw a 340% growth in Q1 2020 as compared to the previous quarter.
“We’ve seen a big uptick in the creation of Vaults,” said Will Cole, the chief product officer of unchained. “An event like that [pandemic] makes people think about how they are storing their bitcoin.”
By Ramsey Baker
Tags: Bitcoin,Unchained,Wallet,Will Cole
Link: Coronavirus Lockdown Is Boosting Demand For Bitcoin Custody Solutions [Copy]
