Coinbase will offer services to institutional investors

At the moment, they provide benefits to more than 10 million customers in 32 countries, giving custody to more than 10 billion dollars in digital assets

Since its launch in 2012, Coinbase has paved the way for cryptocurrencies to enter the mainstream by providing a digital currency exchange.

Co-founded by Brian Armstrong, and with more than US $225 million under his belt, they recently announced that they will offer a new set of services aimed at institutional investors, who are beginning to “submerge” in the world of cryptoactives.

Last April, the company unveiled an initial fund for cryptocurrency startups, and bought for US $100 million. As part of the acquisition, the company brought Balaji Srinivasan as its first CTO.

There are also reports that Coinbase approached the SEC to become a licensed brokerage firm and electronic trading place, which would allow it to expand beyond the four currencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin) that are listed on the platform now.

N. Moncada

Source: CriptoTendencia

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