Cryptocurrency exchange Coinbase has opened a Coinbase Custody services for institutional investors from the US and the EU who are willing to invest in scriptactive $10 million
Now business clients of the company, among which its leadership sees the leading cryptocurrency hedge funds, stock exchanges and ICO projects, will be able to place funds in BTC, ETH, LTC and BCH at the site, which is a mix of cold wallet for scriptaction, mediation system institutional level report and expanded client programs.
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) June 2, 2018
A broker-dealer under Custody Coinbase the company provides Electronic Transaction Clearing (ETC), which was registered in the Commission on securities and exchange Commission (SEC), as well as cooperating with the Agency on regulation of activities of financial institutions (FINRA).
Until the end of the year Coinbase Custody plan to bring to the Asian market, and in the coming months the project team will focus on expanding range of supported assets, the superstructure on the basis of the hot cryptocell with flexible output settings, enable clients to participate more actively in the cryptocurrency ecosystem.
Recall that a month ago the CEO and the company’s President Asif Hirji (Asiff Hirji) Coinbase announced that the crypto currency exchange is working on obtaining the status of a broker-dealer regulated at the Federal level in the United States. In mid-may, together with the Custody of the crypto currency exchange Coinbase has introduced such products as Markets Coinbase, Coinbase and Coinbase Prime Institutional Coverage Group.