According to CNBC in the first six months of 2018, $1.36 billion worth of cryptocurrency was stolen. With a current market cap of $230 billion that is projected to reach over $1 trillion by the end of the next bull run, the number of these thefts will continue to increase. High levels of profitability make exchanges an easy target for malicious hackers looking to strike it rich by stealing private keys, while the expected addition of cryptocurrency ETF’s along with the growth of STO’s & IEO’s are likely to attract those with interests in traditional markets.
In order to adequately address the challenges of an industry driven by financial gain, knowledgeable professionals are needed to educate the public and private institutions that require support and assistance. Coinsquad a company located in Los Angeles Ca. provides 24 hr. remote and onsite assistance with hot/cold wallet storage, metamask, migration around exchanges, master nodes, trading bots, VPN’s, google authenticator and security packages that reasonably protect client’s devices. They also provide B2B services such as incident response for Cryptocurrency Exchanges, OTC trading desks, and Custodianships.
Market growth will be determined by the number of companies creating easy to use services for the public as well as existing businesses. Providing 24 hour tech support will alleviate stress to ensure its long-term growth. The Cryptocurrency market will continue to be heavily reliant upon security and protection. Coinsquad will be the pioneer of “Crypto Tech Support”. The 1st. Managed Crypto Service Provider.