The monthly fee cap says more than the 1.32% gain. Nevada-chartered qualified custodian AnchorWatch Trust Company has launched Bitcoin $BTC custody, charging fixed fees capped at $10,000 per month, with optional insurance of up to $370 million per client. It’s aimed at trustees, publicly traded companies, trusts, and high-net-worth individuals who need qualified custody. Bitcoin $BTC is currently priced at 82,233.47 USDT, up 1.32% over 24 hours. I wouldn’t take this small price move as evidence that demand for custody has already taken off. What matters next is whether these institutional clients actually entrust the company with their coins. With fees capped, at least the fixed costs are easier to calculate.
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