Coinbase Custody has $1.3 billion assets under custody; expects to hit $2 billion soon

2019-6-14 14:00

Sam McIngvale, CEO of Coinbase Custody and Philip Martin, in a recent visit to the UK revealed that the platform already has $1.3 billion assets under custody [AUC] and expects to touch $2 billion soon. The platform’s Twitter handle tweeted about the event soon after, with Coinbase Custody referring to some common misconceptions that exist in the ecosystem, tweeting,

“There’s a narrative out there that institutional-grade services don’t exist in crypto. This isn’t true. Coinbase Custody is a regulated, insured and secure custodian. We have $1.3bn AUC and expect to hit $2bn soon. We have no intention of stopping there.”

The Coinbase Custody executives also discussed institutional crypto-economy in the region, their take on security and Coinbase’s expansion plans ahead. In a series of tweets, Coinbase Custody quoted,

“We really built our security by drawing on a range of different technologies and systems. We’re always adapting, that is what gives us this strong security foundation.”

The executives also revealed that Coinbase Custody provides services to over 90 clients, nearly 40% of whom are outside the US. Coinbase Custody recently extended its reach beyond the U.S and across 11 Latin American, Asian, and overseas territories. They further touched upon the platform’s near-term goals and hinted at diversification plans in London.

“As crypto matures as an asset class, we see financial hubs like London becoming centers for crypto innovation. We’re excited to be one of the companies driving this.”

Brian Armstrong, CEO of Coinbase, had previously commented that approximately 70 institutions had hopped on to the custody service platform that made its debut last year to secure digital assets.

The CEO had also revealed an infusion of $1 billion assets under management [AUM], after 70 institutions signed up and added nearly $150 million AUM per month. Coinbase Custody has since scaled significantly and according to Armstrong, the space would grow rapidly as institutional activity increases.

The post Coinbase Custody has $1.3 billion assets under custody; expects to hit $2 billion soon appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SoonCoin (SOON) на Currencies.ru

$ 0.0015993 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0015993 - H: $0.0015993
Капитализация $19.932k Rank 99999
Доступно / Всего 12.463m SOON

custody billion coinbase soon expects assets under

custody billion → Результатов: 44


Coinbase in News-A Quick Sneak Peek into U.S. Leading High-Frequency Cryptocurrency Exchange

With over 20 million users and market valuation of $8 billion, CoinBase is one of the most prominent cryptocurrency exchanges in U.S. Having grown leaps and bounds as a bitcoin wallet and retail exchange, Coinbase is also revered for its offerings including cryptocurrency custody, wallet services, and both retail and institutional trading platforms. Goes without […]

2019-5-26 21:21


Фото:

Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).

2019-4-3 00:47


Фото:

On.Live Is Pleased to Announce That ONL Token Holders Can Now Use Bitgo’s Industry-Leading Wallet and Custodial Offerings

BitGo is the market leader in digital asset financial services providing security, compliance, custodial, liquidity solutions for institutional investors. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of global Bitcoin transactions and $15 billion per month across all cryptocurrencies.

2019-2-15 14:13


Фото:

Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.

2019-1-23 00:57


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Influx of Positive Developments for Coinbase is Bullish for Crypto

One of the world’s largest cryptocurrency platform has had a stellar week, as positive news floods in regarding the platform’s expansive development plans. Coinbase’s Custody Service Secures The Business Of A $20 Billion Hedge Fund Institutional investment seems to be all the rage in cryptocurrency circles, with many citing this form of interest and investment.

2018-7-24 12:00


Фото:

$20 billion worth of crypto investment waits for custody streamlining positive nod.

Regulation Rumor has it vaunted, long awaited institutional money, big investment in crypto is coming. Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation Investment Whales Want Custody Assurance “There are a lot of investors where custodianship was the final barrier. This will unlock a big wave of capital,” hedge fund Multicoin

2018-6-22 07:13