Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, digital asset custody continues to develop as Coinbase hires new Chief Compliance Officer while Northern Trust joins the race and announces its product offering.
The U.S-based exchange has hired Jeff Horowitz from Pershing, LLC., a subsidiary of BNY Mellon, to manage its compliance program. Horowitzs brings deep experience in custody and settlement to support Coinbases custodial offering.
The Chicago-based investment manager will explore adding digital custody solutions to its product offering. The company is developing a process to custody digital assets at a lower cost than current competitors.
The company announced its first acquisition with the purchase of Trust Wallet. The company offers a decentralized wallet that collects little user data. The acquisition aligns with Binances long-term vision of offering a fully decentralized exchange.
SBI Holdings has purchased a twelve percent stake in trading technologies company Clear Markets through its subsidiary, SBI Crypto Investment. The deal allows for SBI to move forward with the development of a derivatives trading platform.
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