Transaction Services

Definition ∞ Transaction services are a range of offerings that facilitate the execution, processing, and recording of financial exchanges involving digital assets. These services include wallet management, payment gateways, custody solutions, and settlement systems for cryptocurrencies and tokenized assets. They provide the necessary infrastructure and operational support for individuals and businesses to interact with the digital economy. Reliable transaction services are fundamental for the widespread adoption and utility of digital assets.
Context ∞ The development and regulation of transaction services are frequently covered in crypto news, with discussions focusing on scalability, security, and compliance with anti-money laundering and know-your-customer requirements. Innovations in this sector aim to reduce costs and increase the speed of digital asset transfers, enhancing user experience and market accessibility.