How do you secure a $1 trillion crypto wallet?

Good evening. I'm Bailey Reitzel, and this is late confirmation from CoinDesk, bringing you the top stories from September 28, 2018.

On today's show, we'll talk about Everbloom, a decentralized exchange applying for a securities license, two companies dealing with legal action, and finally, the

first five DAPs announced by messaging giant line. But first a word from our sponsor.

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Bitco held a whopping $1 billion of customers' crypto holdings in 2017, and currently handles around

$15 billion in monthly crypto transactions. Now the company is looking to become a qualified

custodian and thinking of the best solutions to secure its vast holdings. BitGo CEO Mike Belchie

is already looking ahead to the next milestone, that being securing

a trillion dollar wallet.

While the number may seem far-fetched, the possibility of ETFs and hedge funds means

that a trillion-dollar crypto fortune isn't impossible.

But securing it presents a unique challenge.

To build such a security system, one needs a complex blend of hardware and software,

great policies and procedures, and not to mention meeting externally audited regulatory

requirements. Competitors in this space for BitGo are the hardware maker ledger, their traditional

U.S. Custodial Bank Northern Trust, and blockchain startup Itbit.

Everbloom, a decentralized exchange is looking to become a certified broker dealer in the

U.S. revealed exclusively to CoinDesk, the startup recently registered with the Securities and Exchange

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