The Department of financial services of the state of new York (NYDFS) has issued a subsidiary of the cryptocurrency exchanges Coinbase, Coinbase Custody Trust Company LLC, the authorization for the provision of services to store virtual assets, including bitcoin, Cash Bitcoin, Ethereum, Ethereum Classic, Litecoin and XRP.

“The regulations of the state of new York to trust companies with limited functions, which now allows Coinbase Custody to act as a qualified custodian of cryptoclub, provides an incomparable success for cryptocurrency custody services and brings to the company the same standards and oversight as to other Mature financial institutions operating in new York,” – commented the decision of the COO and President of Coinbase , Asif Hirji (Asiff Hirji).

Recall that Сoinbase opened a Coinbase Custody services for institutional investors from the US and the EU who are willing to invest in scriptactive from $10 million, in July of this year. In August it became known that the service is considering adding support for 37 new cryptocurrency and token, which appear to Ripple, EOS, Monero, Cardano, Stellar Lumens, zcash for, Tezos, Bitcoin, Gold and others.