Open Custody Protocol

OPEN

Open Custody Protocol Price

$0.0940
-0.004300 (-4.37%)24H

Open Custody Protocol price, last 12 months

0.40310.09400.0940

Open Custody Protocol market data

24H High
$0.0985
24H Low
$0.0919
24H Volume
6.31M OPEN
All Time High
$3.65
All Time Low
$0.0919
Correlation with BTC
0.63
Return on Investment
-53.00%
Market Cap
$31.67M

About Open Custody Protocol

OCP introduces an innovative relayer mechanism that seamlessly connects applications to a modular permissionless custody protocol. OCP operates a protocol that acts akin to a mesh network, enabling an end-user to leverage a diverse set of key management protocols. We call this “Keychain Aggregation”. Building a protocol that solves for Keychain Aggregation not only simplifies the way developers can build, abstracting risk and complexity, but it also harmonizes and aggregates the economics associated with having multiple bilateral commercial relationships.With OCP, we have a new custody primitive that embraces (1) modularity, in connecting key management solutions, and (2) decentralisation, in the way users can access key generation and transaction signing services. We are particularly excited to pioneer this, witnessing existing security and custody solutions struggle to adapt to the ongoing proliferation of chains. Additionally, with the impending tokenization of Real World Assets (RWAs) - potentially mobilizing over trillions of dollars into the blockchain ecosystem - the demand for versatile and modular solutions is clear and present.

Cryptocurrencies similar to Open Custody Protocol

Latest Open Custody Protocol news

Open Custody Protocol FAQ

Open Custody Protocol (OPEN) is trading at $0.0940, down 4.37% over the last 24 hours.

The market cap of Open Custody Protocol is $31.67M, ranking #379 among cryptocurrencies.

On the daily chart OPEN currently shows 5 buy signals and 4 sell signals. This is not investment advice.

The all-time high of OPEN is $3.65.

This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.

Start trading