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UK Crypto Exchange Archax Launches FCA-Regulated Custody Service

The new offering uses tech from Swiss MPC shop Metaco and the IBM Cloud.

Автор Ian Allison
Обновлено 9 мая 2023 г., 4:06 a.m. Опубликовано 31 янв. 2023 г., 12:00 p.m. Переведено ИИ
(Cleveland Trust Co., modified by CoinDesk)
(Cleveland Trust Co., modified by CoinDesk)

U.K.-regulated cryptocurrency exchange Archax has launched a digital asset custody service with the blessing of regulators, as institutional crypto players button up their operations and try to rebuild trust in the sector.

The London-based Archax and its new custody business are among the few offerings to have cleared the Financial Conduct Authority’s (FCA) high bar for firms dealing in digital assets. All assets held in custody will be entirely segregated and “solvency-remote” from the exchange, said Archax, meaning that if the trading business did go bust, custodied assets would not be included in any bankruptcy proceedings.

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“Events like FTX have highlighted the need for a more traditional approach to things,” said Archax Chief Marketing Officer Simon Barnby in an interview. “As an FCA-regulated custodian, we are permitted to hold cryptocurrencies, tokenized assets like funds or real estate, as well as traditional instruments and cash for our clients.”

The Archax custody service will further appeal to banks and big institutional customers by virtue of being partnered with Swiss multi-party computation (MPC) tech provider Metaco. The service will be rolled out using IBM Cloud, a battle-tested key security environment familiar to many of the world’s big banks.

“We wanted to find partners with the right expertise, particularly around the security of cryptographic keys, where we could use their technology but not outsource stuff, because the FCA requires us to be in control,” said Barnby.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

知っておくべきこと:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments

A Visa card being held to next to a payment terminal. (CardMapr.nl/Unsplash)

While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.

知っておくべきこと:

  • Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
  • The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
  • Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.