The new Coinbase Custody service will implement a range of security measures for safe and secure storage of digital assets.
On Monday, July 2, Coinbase announced through its official blog post that it has made its ‘Coinbase Custody’ service open for all institutional players and businesses.
The service is aimed at institutional hedge funds and other big institutional investors who are willing to invest n the crypto space in huge sums.
While explaining the Coinbase Custody service, the exchange writes:
“Coinbase Custody is a combination of Coinbase’s battle-tested cold storage for crypto assets, an institutional-grade broker-dealer and its reporting services, and a comprehensive client coverage program.”
In order to implement the new digital assets custodian service, Coinbase will ‘leverage the expertise and systems’ of its partner Electronic Transaction Clearing (ETC) which is an SEC-registered broker-dealer for Coinbase Custody for now.
Coinbase Custody is the first service to go live, of the four institutional products launched by the exchange two months back in May 2018.
Coinbase has rolled out a new subscription service called Coinbase One. The service will give members access to $0 trading fees among other benefits. The Coinbase One is expected to roll out across 35 countries in the near future.
Coinspeaker
Coinbase to Stop Issuing New Bitcoin-Backed Loans via Its Borrow Service
The reason behind the exchange's decision is not clear. According to those familiar with the matter, closing the service is not linked to the scrutiny from SEC which has alleged that Coinbase was offering and trading unregistered securities, thereby violating federal securities laws.
Криптовалютная биржа Coinbase сообщила, что вместе с Ethereum Name Service (ENS) предоставит своим клиентам удобочитаемые имена вместо длинных адресов криптокошельков.
According to a recent study by CNBC, Coinbase users in the United States are sharing complaints about the exchange’s customer service practices after finding their accounts drained.
The post Coinbase Customer Service Criticisms Grow After Reports of Theft appeared first on BeInCrypto.
Coinbase To Allow Free XRP, USDC Transfers On Monday, reports arose that Coinbase, the world-renowned crypto startup, had quietly launched a product to its already-extensive roster. The service is found under the “International” redirect on.
Coinbase Custody, an independent crypto custodial service from the stables of Coinbase exchange, has announced that institutional investors on its platform can now stake their Tezos (XTZ) and earn passive income.
The institutional environment around cryptocurrencies has continued its relentless development, with Coinbase recently launching their custody service. Coinbase Custody Accepts 10 Institutional Investors Since its creation in June 2012, Coinbase has continually cemented itself as one of the best consumer-centric cryptocurrency services.
As part of Coinbase’s initiative to facilitate institutional investment in the cryptocurrency market, the exchange’s Custody service is now live in the US and Europe. Bringing in Big Money Coinbase Custody is a service which provides secure storage for crypto-assets for eligible financial institutions and hedge funds across the world.
The new Coinbase Custody service will implement a range of security measures for safe and secure storage of digital assets.
The post Coinbase Custody For Institutional Players Goes Live Offficially appeared first on CoinSpeaker.
On July 2, 2018, Coinbase officially launched Coinbase Custody. After accepting its first trial deposit last week, the newly introduced custodial service is up and running. “Today, we’re proud to announce that we’re officially open for business,” Coinbase Custody’s Product Lead Sam McIngvale writes in a blog post. Its goal is “to make digital currency
On July 2, 2018, Coinbase officially launched Coinbase Custody. After accepting its first trial deposit last week, the newly introduced custodial service is up and running.
Coinbase, one of the most important and popular cryptocurrency-related platforms in the world, has decided to shut down its exchange GDAX and open a new one called Coinbase Pro. Unfortunately for the Los Angeles-based company, the new service has received a few critics in just the few days they have been open for trading and […]
Digital currency exchange Coinbase shuttered GDAX on June 29th and transitioned to Coinbase Pro. The new interface is marketed as an upgrade but has received a lot of initial criticism. Coinbase has been very busy over the last few days.
This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.
Following a barrage of heavy criticism for being widely underprepared in terms of customer service, Coinbase is set to open a new office in Portland that will be focused largely on customer support, compliance, finance, IT, and HR.
Robinhood, a fee-less financial services startup, recently opened up free cryptocurrency trading for U. S. customers. Many users criticized ‘Robinhood Crypto’ for its limited cryptocurrency-related services.
The Solana network is currently grappling with an unprecedented level of congestion, resulting in a surge in transaction failures. This surge in failed transactions coincides with a significant increase in network activity, largely driven by the recent frenzy surrounding platform memecoins.
Bitcoin, the pioneering cryptocurrency, has achieved yet another significant milestone on its journey to becoming a global digital asset. With over 900 million transactions processed, this achievement couldn’t have come at a more intriguing time, as the next halving event approaches.
An unlucky Bitcoin (BTC) user recently paid over $500,000 in transaction fees to move just 0.074 BTC to Binance — a historical network fee on the BTC blockchain. Prominent whale tracking resource Whale Alert first called attention to the development…
The past few weeks have seen Ether stall in terms of price action, with the cryptocurrency trading between $210-240. Not the same can be said about Ethereum’s underlying blockchain activity. Due to a perfect storm of events, the number of users of the network has skyrocketed.
On Wednesday, April 1, a transaction for 100,000 BTC appeared on the bitcoin network. The estimated payment amount exceeded $ 600 million dollars, but the size of the commission paid did not even reach $ 1, and this is not a joke.
There are a number of costs associated with using bitcoin and while it is still far cheaper than using traditional banks, they still need to be accounted for. Storage of the digital asset also has a cost and it has been rising.
Bitcoin Fees On The Rise With the uptick in the Bitcoin (BTC) price, transaction fees have been on the rise again. While users could send transactions with a $0.03 fee at the bottom of the...
The post Bitcoin Fees On The Rise, BitMEX & Coinbase Should Batch Txs: Bitrefill CEO appeared first on Ethereum World News.
