Published on May 15th, 2018 | by bitcoin0
Coinbase launches Crypto Custody product for institutions.
Cryptocurrency exchange Coinbase announced Tuesday it is formally launching Coinbase Custody, a product aimed at aiding institutional cryptocurrency adoption.
First announced last year, Coinbase Custody is a crypto storage service directed specifically at large financial institutions, as previously reported by CoinDesk.
“We have leveraged our experience safely storing more than $20 billion of cryptocurrency to create Coinbase Custody, the most secure crypto storage solution available,” the firm said today.
“This movement requires institutional grade products and services, something Coinbase has been developing with leading institutions and which we are proud to formally launch today.”
The company also announced that Coinbase Custody would be partnering with a U.S. Securities and Exchange Commission-regulated broker-dealer.