Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies

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.