Open Custody Protocol Price
OPEN
How Much is 1 Open Custody Protocol (OPEN)
Convert OPEN to your currency
Last Updated on Dec 24, 2025 10:29 AM
What is Open Custody Protocol?
About the coin
Qredo is a pioneering platform that is transforming the way digital assets are owned and managed. By introducing a decentralized trustless multi-party computation (MPC) custodial network, Qredo is setting new standards in the blockchain economy. This innovative approach is designed to enhance liquidity and capital efficiency, making it a significant player in the digital asset space.
Main features
Qredo's main features include decentralized custody, which ensures that digital assets are securely managed without the need for a centralized authority. Additionally, the platform supports native cross-chain swaps, allowing users to exchange assets across different blockchain networks seamlessly. Qredo also provides cross-platform liquidity access, enabling users to tap into various liquidity pools and optimize their trading strategies.
How it works
The core of Qredo's technology lies in its decentralized trustless MPC custodial network. This network allows multiple parties to jointly manage digital assets without relying on a single point of control. By leveraging advanced cryptographic techniques, Qredo ensures that asset custody is both secure and efficient. The platform's architecture supports seamless integration with various blockchain networks, facilitating cross-chain transactions and enhancing overall connectivity in the blockchain ecosystem.
Wallet for Open Custody Protocol
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Tangem supports networks for Open Custody Protocol
- Ethereum
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Open Custody Protocol FAQ
- Open Custody Protocol is a digital currency powered by blockchain technology. It allows users to send value, access decentralized tools, and participate in the project’s ecosystem.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- OPEN represents the same asset as Open Custody Protocol. The ticker is simply a short label for trading and listing purposes.
- To buy Open Custody Protocol, choose a wallet that supports it, complete the payment, and withdraw the coins to your secure hardware wallet.
- Use a cold storage solution to protect Open Custody Protocol from online threats. Tangem keeps your keys isolated in a secure offline chip.
- Qredo is a blockchain network that is transforming how institutions and individual investors hold and manage their cryptocurrency. Launched inNovember 2020, Qredo operates as a Layer 2 network and is built using the same consensus engine as Cosmos—Tendermint (aka “The Internet of Blockchains”).
- Qredo isa decentralized Multi-party Computation (MPC) Layer-2 network that relies on third party validators to validate transactions. MPC allows for concealed information transfer and data computation without revealing the underlying data.
- Crypto.com will support the Qredo (QRDO) token rebranding to Open Custody Protocol (OPEN). As a result,deposits and withdrawals of ERC-20 and Cronos-based QRDO on the Crypto.com App and Exchange will be suspended on 30 April 2024, 01:00 UTC and will no longer be supported.
- Qredo is designed for users and developers seeking to securely transfer digital assets withno clearing and settlement risk, no counterparty risk, and independent governance.
- BTCC, China's oldest crypto exchange, has shut down after operating for a decade.
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