Smarter Web Spreads Bitcoin Holdings Across Coinbase Fidelity Anchorage
The Smarter Web Company says it holds no Bitcoin with Binance and instead distributes its holdings among institutional custodians Coinbase, Fidelity and Anchorage Digital. The company says using multiple providers in different jurisdictions is intended to reduce concentration and counterparty risk, with contractual safeguards to segregate its assets and insurance protections that vary by custodian. It also describes internal controls, including requiring multiple people to authorize significant transactions.
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