Ethereum

Crypto Custody Firm Casa Offers Ethereum Self-Storage Capabilities

Casa, a crypto custody firm, will give consumers the opportunity to hold ether, citing the FTX crash as a rationale for its attraction.

Although the firm’s initial CEO and co-founder, Jeremy Welch, broached the notion of accepting several cryptocurrencies early on, some believe Casa to be a strictly Bitcoin corporation. This might be due to the firm’s chief technology officer and co-founder, Jameson Lopp, a vocal cypherpunk and Bitcoin enthusiast.

Nick Neuman, Casa CEO and co-founder stated:

“This is an exciting time for our company and our customers. Casa was created on the belief that everything important in our digital lives will be protected by private keys. We started with Bitcoin because that was the first and best consumer use case for private keys. . Expanding into Ethereum is a big evolution for us, and one that was guided by our members every step of the way.”

Casa plans to introduce a new app in January that will offer Ethereum self-storage alongside Bitcoin, citing the disadvantages of maintaining cryptocurrency on controlled exchanges such as FTX and Binance.

Lopp was clear about the company’s decision:

“The recent failure of FTX – and ensuing catastrophic loss of customer funds – highlights the critical importance of people having a simple and secure way to hold their own private keys. Self-custody is the only way to prove ownership and control of your digital assets .”

Casa, a Colorado-based provider of Bitcoin security services, 2018 launched a managed service allowing customers to buy and hold their own Bitcoin rather than using an external custodian like Coinbase. Bitcoin could be purchased through the custody and deposited directly into a user’s wallet on the service where they control the funds.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.