New Exchange Protects User Funds with Segregated Bank Accounts

Hong Kong-based exchange Gatecoin has actually introduced after a lengthy setup procedure, promising segregated bank accounts for customers in 40 nations across 5 continents.

The company says it is the very first to offer this type of security, which is typical in the non-crypto forex exchange world. This indicates client funds are kept in different financial account to the company’s own funds, and hence can have funds returned in the case of a force majeuremonetary occasion that depletes business reserves.

Gatecoin is a certified Money Services Operator in Hong Kong. It provides bitcoin trading in USD, EUR and HKD through its low-latency matching engine, and plans to implement Ripple in the next few weeks.Continue reading at CoinDesk CoinDesk

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