2018-7-3 22:33 |
Major U.S. crypto exchange and wallet provider Coinbase has announced that its digital assets custodian solution for institutional investors is now launched, in an official blog post July 2.
Coinbase first revealed its plans for its ‘Coinbase Custody’ venture in late 2017, saying at the time that it was seeking to address what it considers to be the “number one” concern of institutional investors, namely, security.
The move thus explicitly targets institutions’ concerns to abide by terms set by U.S. regulator, the Securities and Exchange Commission (SEC), as well as Wall Street’s Financial Industry Regulatory Authority (FINRA).
In mid-June, Coinbase’s Index Fund opened to large-scale, U.S. resident “accredited” investors, for investments of between $250,000 and $20 million.
Coinbase has also recently revealed plans to widen its user base to the Japanese crypto market.
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