Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Press Release
Liminal Custody Solutions (Liminal), the fastest-growing digital asset custody and wallet infrastructure provider in the APAC and MENA region, today announced its newest partnership with Indonesia-based Bitwyre. Following this agreement, Bitwyre will integrate Liminal's wallet infrastructure, including cold and hot wallets, liminal wallet API, and SDK.
Liminal is committed to Indonesia as a key growth market, and this agreement is the latest step in its expansion efforts in the country.
Mahin Gupta, Founder of Liminal, expressed enthusiasm about the partnership, "We are thrilled about our partnership with Bitwyre. Indonesia holds a crucial spot in our market strategy, and this agreement is a testament to our commitment to delivering state-of-the-art solutions that prioritize simplicity, efficiency, and security.”
Indonesia holds a significant position in the cryptocurrency space. As of September 2023, Indonesia’s number of cryptocurrency investors has reached 17.91 million, marking a 10.1% rise from 2022. Liminal recognises the potential of the Indonesian market and, through this strategic partnership with Bitwyre, aims to advance the shared vision of staying at the forefront of innovation in the evolving cryptocurrency landscape.
“As we developed, we recognised the need for a streamlined and efficient solution to take the next step in our growth journey. That led us to transition to Liminal,” said Yehuda Utomo, COO of Bitwyre, “Liminal delivers amazing service and cutting-edge technology. This strategic shift ensures we enhance operational efficiency and cost-effectiveness in meeting our requirements.”
In response to the dynamic shifts in Indonesia’s digital asset industry, reflected in the rapid rise in the investor base, Liminal is expanding its services to remain at the forefront of industry trends. The company is gearing up to launch regulated custody operations in four key regions in the upcoming quarter, particularly focusing on the APAC and MENA regions. This strategic expansion not only positions Liminal as a key player in the evolving landscape but also empowers businesses to concentrate on delivering the promises of web3 to end users. With a targeted approach encompassing Hong Kong, Indonesia, Abu Dhabi, Dubai, Nigeria, and Taiwan, Liminal's dedicated local teams are poised to deliver tailored solutions and foster valuable business relationships within these markets.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.