AnchorWatch has launched a Nevada Trust Company, a new custody service for bitcoin and other digital assets. The company is now accepting clients. The trust company caps monthly custody fees at $10,000, a move aimed at making custodial services more accessible to a wider range of investors. Custody fees can be a significant expense for some investors, particularly those with smaller portfolios. By capping fees at $10,000, AnchorWatch seeks to address this issue and provide a more affordable option for its clients.
This article is Bitcoincryptos' summary and analysis of reporting originally published by Bitcoin Magazine. Read the full original report at the link above.