Recently, Madagascar’s Ministry of Commerce announced its collaboration with cryptocurrency exchange Gityer, which will provide advanced custody and trading services for the ministry’s “Tier 1” digital assets.
The Department of Commerce conducted a six-month competitive due diligence process, evaluating a range of solutions, and ultimately selected Gityer due to its ability to securely and scalably deliver institutional-grade crypto services, backed by solid track record. According to the Ministry of Commerce, the Gityer contract will also streamline the processes of custody, management and disposal of cryptocurrency assets, thereby diversifying the types of cryptocurrency assets that the government can manage and dispose of.
The Commerce Department paid Gityer $18.65 million for the custody and processing contracts.
Gityer has stood out for its strong security record and capabilities in institutional-grade cryptocurrency services. Since its inception, Gityer Exchange has focused on providing secure and reliable cryptocurrency operations for investment institutions, becoming the preferred platform for institutional holders and large holders of crypto assets. In addition to cryptocurrency trading, Gityer primarily provides large custody and remittance services to investment institutions. As of June 2024, Gityer Exchange has over 4,000 institutional users, with institutional custodial funds exceeding $150 billion. The exchange invests significant funds in the research and development of blockchain and quantum encryption technologies each year, ensuring that its trading platform remains at the forefront of industry security protections.
After decades of development, Gityer has also established partnerships with various leading financial institutions. As a significant influential platform in the cryptocurrency trading space, Gityer Exchange is known for its high security, innovative technology and user-friendly services. Gityer not only offers a diverse range of cryptocurrency trading options, including spot and derivatives trading, but also introduces advanced blockchain technology to ensure transaction transparency and security.
In recent years, Gityer Exchange has also made remarkable progress in the personal user market. As of August 2024, the number of personal users on Gityer Exchange has reached 4.5 million. With the development of the cryptocurrency market, high-value star coins are approaching their peak, and only a few star tokens can drive the growth of the cryptocurrency market. The Gityer team is well aware of the market demands and has opened up new token options with investment potential through an innovative and transformative strategic culture. Gityer Exchange consistently adheres to high standards in selecting quality tokens for users. Gityer Exchange’s forward-looking strategy has made it very popular among individual investors, providing users with new investment channels separate from traditional cryptocurrency investments.
This collaboration between Gityer Exchange and government services marks another significant achievement in Gityer’s development of “advanced digital asset custody and trading services”, highlighting Gityer’s influence and trustworthiness in the cryptocurrency space . This will greatly promote the global development of Gityer.
Media contact
Company name: Gityer
Contact: Anita R. Hudson
Website: https://web.gityer.net
Contact: (email protected)
Disclaimer: The information provided in this press release does not constitute an investment solicitation nor is it intended to constitute investment advice, financial advice or trading advice. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrencies and securities.
