Coinbase Custody is a division of the Coinbase platform that wants to make cryptocurrencies accessible to all financial institutions and hedge funds in the world. Now they have announced that they will also offer their services to businesses.
And so Sam McIngvale (Product Lead in Coinbase Custody) has reported from his medium profile, where they communicate that they continue to work on improving the service and that in the upcoming weeks they will integrate world-class clients, leading cryptographic hedge funds, exchanges and ICO equipment.
“Coinbase Custody’s mission is to make digital currency investment accessible to every eligible financial institution and hedge fund in the world. We’ll achieve this by striving to become the most trusted and easiest-to-use crypto custody service available. Coinbase Custody is a combination of Coinbase’s battle-tested cold storage for crypto assets, an institutional-grade broker-dealer and its reporting services, and a comprehensive client coverage program”, states Sam.
Founded in 2012 and headquartered in San Francisco (California), Coinbase is one of the most widely used virtual currency purchase / sale platforms known to cryptocurrency users.
Their numbers speak for themselves, more than 20 million users and a trade volume of more than 200 billion dollars.
On this platform Bitcoin, Ethereum, Litecoin and Bitcoin Cash can be purchased and stored.
In addition to facilitating accessibility to cryptocurrencies for financial institutions and companies, Coinbase Custody brings more new features, such as:
- New cold storage system
- Support for new cryptocurrency assets (BTC, ETH, LTC and BCH are currently supported)
- Funds accessible through secure wallets and scheduled withdrawals
In addition to these services, Coinbase continues working on offering its customers unique products and services so that their experience with cryptocurrencies is increasingly efficient and simple.
- Strict financial controls
- Phone support
- Guaranteed response times
- Multiple-user accounts with seperate permissions
- Periodic security checks
Other news from Coinbase
In the last few days the platform announced the creation of givecrypto, a platform dedicated to charity, and about the opening of a new office in Portland by the company.