Coinbase announces suite of institutional products

posted 4 months ago
Cryptocurrency exchange Coinbase announced it is formally launching Coinbase Custody, a product aimed at supporting institutional cryptocurrency adoption.

Coinbase Custody is a crypto storage service directed at large financial institutions.

The product is part of a suite of institutional products being launched. Coinbase explained why it chose to launch the product in the current environment, saying:

"In the past few months over 100 hedge funds were created that exclusively invest in and trade cryptocurrency."

Coinbase Custody is partnering with a US Securities & Exchange Commission regulated broker-dealer, thus combining with third-party auditing and financial reporting validation, meets the requirements of "SEC regulated broker-dealer."
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