Security concerns stymie bitcoin investment, according to Nickel.

According to a new poll conducted by Nickel Digital Asset Management (Nickel), 76 percent of first-time cryptocurrency traders are skeptical of cryptocurrencies owing to a lack of rules and market volatility.

According to the poll findings, almost the same proportion of participants were disturbed by liquidity and market growth, while 71 percent consider the regulatory framework for the crypto market to be a serious issue.

Anatoly Crachilov, Co-founder and CEO of Nickel Digital, remarked on the study findings, saying that despite institutional investors’ increased exposure to digital assets, worries about safety and governance remain a top issue for many iterators. However, the crypto sector has made significant progress in this area.
This is demonstrated through the use of advanced cryptographic systems, MPC lockers, and dispersed credentials to create strong ownership systems. Aside from that, the arrival of BNY Mellon, State Street, and Fidelity has strengthened the market dynamics.

In addition, Nickel’s Head of Business Development, Henry Howell, stated that customer security is of the utmost importance at Nickel. To that aim, Nickel has partnered with UK-based Copper and US-based Fidelity to offer independent organizational safekeeping services.

These solutions prevent single-point failures because they are built on multi-signature, air-gapped, and cross-organization custody models. This allows shared access to assets, which is always held by the Fund Custodian and Independent Fund Administrator.

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