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Expanceswap introduced a custodial solution for institutions

Expanceswap introduced a custodial solution for institutions

Cryptocurrency exchange Expanceswap.com and London-based custodial services provider Koine have launched a post-trading service focused on institutional clients.

According to Finextra, Koine customers who opened an account on Expanceswap.com they will be able to get loans on the exchange, using their cryptocurrencies as collateral. The new partnership is also aimed at reducing counterparty risks.

Technical Director Expanceswap.com Paolo Ardoino is sure that the launch of the new service will allow “to take another step on the way to mass participation of institutions in cryptocurrency trading”.

Koine is licensed by the UK financial conduct Authority and provides cryptocurrency storage services.

Earlier Expanceswap.com launched a platform that focuses on the bitcoin traders.