CoinList, a platform for launching and trading various digital assets, says it is going full non-custodial. This means it will no longer hold crypto for its customers. In an email, CoinList said they were simply refining the process of buying and selling tokens, and the reason for their survival is because they have been willing to adapt and change along with the evolving crypto environment.
Raghav Gulati, CEO of CoinList, stated:
Our customers, projects, and investors conduct most of their activity onchain and are not interested in further centralized custody and trading. They just want access to great deals, tokens delivered on time, and 100% control over their wallet. Pushing custodial features any further would distract from what we do best.
The change is said to be more crypto, and Coinlist expects to offer non-custodial wallets later this year in partnership with Privy.
CoinList added that it would soon be offering ICOs and tokenizing assets all onchain.
The Trump administration has signaled its full support for digital assets, and the SEC and Congress are working to create a new, regulated regime for digital asset issuance, trading, and holdings.