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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

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.

Recent Posts

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

4 minutes ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

10 minutes ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

35 minutes ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

2 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

3 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

4 hours ago

This website uses cookies.