Ledger & Etana Partnering for Secure Crypto Investments
Author: Mary KingThis partnership emerges at a time when the U.S. have become much more closely aware of the need to adhere to crypto regulations. As of early 2023, the Securities and Exchange Commission has sought out the appropriate legal action such as fines and penalties against many crypto trading and lending companies.
The dynamics of this agreement allows Etana to become active in customer transactions as a settlement party, which absolves the client of financial contribution to either the counterpart or the exchange. This eliminates the risk of funding withdrawals and the trade getting canceled, which oftentimes is referred to as ‘the Hokey Pokey’ in the crypto sphere. According to Brandon Russell, CEO of Etana, this procedure prevents the situation from occurring.
Overall, Ledger and Etana are providing a two-pronged solution that educates investors and enhances the safety of their investments within the cryptocurrency market. With Etana offering the settlement process, clients will now be enabled to explore the wide array of digital assets supported by Ledger without the underlying concern of potential money loss. In this way, the two companies look to promote the successful institution of cryptocurrency assets.