The largest American cryptocurrency company Coinbase started accepting funds from a wide range of institutional investors from the US and the EU.
Coinbase Custody is officially open for business, providing secure storage of crypto assets for institutions in both the US and Europe. Before the end of the year, we hope to bring this offering to Asia as well. https://t.co/KDtMQ5TT3B
— Coinbase (@coinbase) 2 on July 2018 R.
As noted in the company blog, the service Coinbase Custody available to institutional and other market participants that can afford to invest in cryptocurrencies excess of $10 million.
According to representatives of the California company, the first Deposit on the platform Coinbase Custody was made last week. Now the service is available to all market participants.
Also Coinbase representatives say that currently, the company operates scriptactive for a total of $20 billion the company hopes that the platform Coinbase Custody will allow to bring to market an additional $10 billion.
To date cryptocurrency investments through the platform Coinbase Custody is available for customers from the US and the EU. However, by the end of this year the company plans expansion in Asian market.
Earlier, Coinbase stated that it is taking active steps to become a regulated broker-dealer and provide customers with blockchain-products with the properties of securities and to be able tokenization of various types of assets.