Coinbase Custody

Coinbase Custody Expands to 30+ Digital Currencies

A well-trusted and prominent platform, Coinbase Custody, now supports more than 30 cryptocurrency assets on its platform. This exciting update was recently shared by the platform with the community of cryptocurrency lovers over the micro-blogging site Twitter on May 6th, 2019.

The cryptocurrency asset custody platform disclosed how it has been continuously adding the cryptocurrencies in which its clients are interested since the commencement of this ongoing year. The CEO and Co-Founder of Coinbase, Brian Armstrong, also updated the cryptocurrency community of their new achievement via his tweet.

https://twitter.com/brian_armstrong/status/1125547437005910022

Ever since the current year began, more than 20 new cryptocurrencies have been successfully added by Coinbase Custody which makes its total asset count to 30+. However, it’s worth noting here that the digital asset platform doesn’t discriminate between popular as well as smaller cryptocurrency projects while planning to extend its support.

While Coinbase Custody has included support for ZCash or ZEC, Augur or REP, and Tezos or XTZ; it has also extended its support to KIN or Kin, Maker Dai or MKR, and FOAM.

According to Coinbase Custody, their goal is to offer their clients with a regulated, safer and insured platform for every asset requested by their clients. All the digital currencies need to undergo stern internal evaluation before their inclusion on Coinbase Custody.

In addition to that, Coinbase Custody has become the first custodian to offer direct OTC trading from the cold storage itself. Clients can now do much more with their digital currencies in a more secure way, be it trading, staking or governance.

Furthermore, the clients can securely keep their assets offline while participating in any of these activities. These 30+ assets come under the protection of the platform’s in-depth insurance policies while adding to its appeal.

Coinbase Custody continued to reveal that it’s the client demand which drives their decision for supporting a particular digital currency. Besides that, they follow an internal process which thoroughly estimates and verifies each asset prior to it’s made public on Coinbase Custody platform.