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99Bitcoins Exclusive: BitGO Europe Head Brett Reeves Says “Don’t Use One Provider, Use Multiple”
- Brett Reeves, Head of European Sales for BitGo advises using multiple providers for cryptocurrencies to diversify and minimize risk.
- Reeves emphasizes the importance of adaptability in the crypto space and how traditional finance firms may struggle due to rigidity.
- BitGo offers a different custody approach and the ability to outsource services like Zodia Custody.
- Regulations like Markets in Crypto-Assets Regulation (MiCA) in Europe provide clarity for custody providers like BitGo.
- BitGo recently received its MiCA license from Germany’s financial regulator, BaFin.
- Regulatory clarity is crucial for large institutions to enter the crypto custody space according to Gianluca Di Meo.
- BitGo and Zodia offer differing approaches to digital asset custodianship, focusing on different aspects of asset management.
- Zodia Custody prioritizes custody services, while collaborating with other service providers for yield generation, lending, trading, and more.
- The industry is evolving rapidly, and regulatory compliance is essential for maintaining trust and reputation.
- Gerry Afentakis from Zodia Custody highlights the need for providing innovative services while focusing on custody as a primary concern.
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