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The future of custody is a race to zero fees, says BitGo’s CEO. Here's why.
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Quick Take
- With custodian Xapo rumoured to be on the market, there’s an underlying debate around the future of crypto custody businesses
- Tellingly, third-party custodians themselves say they’re unlikely to keep charging customers to store funds in the long-term, though not everyone’s convinced “zero fees” means truly “free”
- We also explore the rise of self-custody and how this will affect third-party providers
If there’s anyone who knows a thing or two about crypto custody, it’s Mike Belshe – CEO of BitGo, one of the ecosystem’s biggest custodians. But of late, Belshe has been reflecting on where the industry is headed amid increasing saturation and ever-diminishing fees (and returns). The basic rules of economics state that competition (and […]
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