Multiple market cycles in the crypto market have shown that even very large and established crypto custodians and exchanges may disappear very quickly, affecting thousands if not millions of clients. Reckless and fraudulent behavior can trigger a loss of confidence in a market player, exposing the potentially insufficient backing of client deposits (liabilities) with the underlying crypto assets.Custody at Bitcoin SuisseBitcoin Suisse has the broadest custody offering in Switzerland and Europe, pioneering brokerage since 2013 and crypto-native services with the bespoke Vault solution for professional and institutional clients since 2017.The “Crypto Account” as a base custody offering is included in every Bitcoin Suisse account and covers all 70+ supported coins and tokens. It is directly connected to our Trading offering, as well as our Staking services for proof of stake (PoS) blockchains. Assets in the Crypto Account are mostly separated per client (“Separated Custody”). Assets held in Separated Custody may only be transferred to Collective Custody with the implicit or explicit consent of the client or in the context of an instruction from the client, such as executing a trade or facilitating a withdrawal. Assets deposited into a Crypto Account may also be held in Collective Custody. While in Collective Custody, all crypto assets that would be considered public deposits under Swiss banking laws are protected by a default guarantee from a Swiss bank.