Gold Trading Giant Goldmoney Enables Cold Storage For… | News


Goldmoney, the world’s largest gold savings and transfer network, has added two more major cryptocurrencies to its cold storage service, according to a press-release published Feb. 27.

The company, which already provides a cold storage service for Bitcoin (BTC), announced it is now adding “Anti-Money Laundering (“AML”)-Compliant” Ethereum (ETH) storage, with Bitcoin Cash (BCH) storage to follow soon after. According to their press release, Goldmoney Inc. safeguards nearly $2 billion in assets for clients located in more than 150 countries.

“Goldmoney clients can now directly purchase Anti-Money Laundering (“AML”)-Compliant Ethereum and sell their Ethereum holdings back to Goldmoney in the same way they buy or sell Bitcoin and precious metals,” Goldmoney reports.

As the company explains, client-held cryptocurrencies are stored and secured in an offline cold storage, “with private keys stored in a password-protected hardware wallet”.

Traditional finance responds to growing demand

As mainstream interest grows, the cryptocurrency is attracting more attention from more traditional, conservative investors. A similar cold storage service to Goldmoney’s is now also offered by a Liechtenstein-based Bank Frick, which provides storage for five major cryptocurrencies.

Last month, Dubai-based gold trading company Regal RA DMCC received a cryptocurrency trading license that allowed the company to open “world’s first” cold storage vault for cryptocurrencies.



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