custodial

On-chain Bitcoin wallets and self-custody Lightning wallets will not be impacted, according to a blog posted by the mobile Bitcoin app company.

FTX is the greatest excuse, whether planned or not, to further control bitcoin on-ramps and take away the possibility of self-custody and true ownership.

State Street Corporation, the largest custodial service provider in the world, plans to launch custodial services for bitcoin and other cryptocurrencies.

The firm was approved by Canadian regulators to launch a bitcoin custody and trading platform catered for institutional investors.

Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors.