Coinbase Custody is now open for business
The digital asset custody service of Coinbase is now open to institutional investors
Coinbase, the leading provider of cryptocurrency services in the United States, has just launched its Coinbase Custody asset custody service open to the public with fully reliable cold storage options.
Security is a key aspect for the actors of the current financial ecosystem in digital currencies. The Coinbase Custody solution has already accepted deposits from ten hedge funds as well as family firms in the first week of operation and expects to complete one hundred clients.
After the launch, companies in the United States and Europe will have access to the cryptoactives storage mechanism with Coinbase Custody, compatible with Bitcoin cryptocurrencies, Ethereum, Litecoin and Bitcoin Cash.
The security techniques they offer to their clients include segregation in the chain of Split cryptographic assets, the supply of private keys without connection, multiple layers of security, audit and issuance of cold storage reports.
As it has done during the six years since its creation, Coinbase hopes to continue providing reliable technological solutions to the platform. Its plans also include opening up to Asian institutions by the end of 2018.
M.Pino
Source: NewsBTC
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