Cryptocurrency exchange Gemini will offer custody for .crypto blockchain domains by Unstoppable Domains.
According to an official announcement, the exchange's users can store .crypto addresses on Gemini Custody. Registrars of traditional DNS domains will be top customers of this service.
Domain registrars 101domain and EnCirca will also use the exchange's custody services to simplify the purchase of blockchain-related domains.
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Lauren Tussey, Vice President of Operations at 101domain says blockchain domains are a new type of domain system that businesses "should be aware of."
Kristen Mirabella, Principal at Gemini states that by providing readable ERC-721 domains that allow for both digital asset payments and uncensorable websites, Unstoppable Domains have brought "another use case for NFTs beyond crypto collectibles."
"We think there's a big opportunity for custody providers to support this asset class, and we're proud to be the first licensed exchange and custodian to offer such a service," Mirabella added.
Earlier, iHodl reported that the Office of the Comptroller of the Currency (OCC) published a letter in which clarified its position on providing cryptocurrency custody services from banks.
As national banks can offer custody services for physical assets they are also allowed to provide the same services for digital assets, the OCC says.
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