Digivault, the UK-based digital asset custodian, has launched ExchangeConnect, a new service to safeguard crypto assets when trading on exchanges. The service enables clients to safely hold their assets within their Digivault FCA-registered custody account whilst trading with them on an exchange. Digivault ExchangeConnect is now available on Bitfinex, with more exchanges planned.
When using ExchangeConnect, clients can trade normally using their Bitfinex trading account. Digivault is not involved in any exchange activities such as trading or order routing. Settlement occurs at the end of the day or intraday upon request. Clients can unlock their assets from Bitfinex and withdraw them from Digivault. When additional, alternative exchanges are available, clients will also have the ability to quickly mirror their assets onto other exchanges at a low cost.