Bank of New York Mellon launches crypto-asset storage service

The Bank of New York Mellon (BNY Mellon), the world's largest custodial bank with approximately $41 trillion in assets, on Thursday 11February, announced the opening of a new custody division for cryptocurrencies.

"The platform we create will serve any of these assets.", said Mike Demissie, head of innovation solutions at BNY Mellon, in a commentary for Coindesk.

“We will choose them based on interest andcustomer demand. However, we will closely monitor regulations to ensure that we only support assets that are approved in a specific market. ”

The bank will cooperate with severalcrypto custody companies. Demissi added that the bank will use the services of external partners, but said it was "not yet ready to disclose any names." “We are definitely not building it entirely from scratch,” he added.

It is known that BNY Mellon is already collaborating with cryptocurrency platform Bakkt for “geographically distributed storage” of private keys.

“We start with the basics. The basis in this market is storage "Demissi said.

“In the future, everything will depend on ourclients. So in the long term it will not be just storage - they can use them for lending. We are also considering issuing digital assets - tokenized securities or real assets. "

Where is it more profitable to buy cryptocurrency? TOP-5 crypto-exchanges

For a safe and convenient purchase of cryptocurrency, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that supportDeposit and withdrawal of funds inrubles, hryvnias, dollars and euros.

The most reliable platforms with the largest cash turnover have been for several yearsthe largest cryptocurrency exchange in the world is Binance.Binance is the most popular crypto exchange in the CIS, as it hasmaximum trading volumes and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

#	Cryptocurrency exchange	Official site	Site evaluation
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.4
3	OKEx	https://okex.com	7.1
4	Huobi	https://huobi.com	6.8
5	Exmo	https://exmo.me	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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