The largest American cryptocurrency company Coinbase began to take funds from a wide range of institutional investors from the US and the EU. This is reported in the company's blog.
Coinbase Custody service is available for institutional and other market participants who can afford to invest in cryptocurrency more than $ 10 million.
According to representatives of the Californian company, the first deposit on the Coinbase Custody platform was made last week. Now the service is available for all market participants.
Also representatives of Coinbase note that at present the company operates crypto assets for a total of $ 20 billion. The company hopes that the Coinbase Custody platform will attract an additional $ 10 billion to the market.
As crypto continues its maturation as an asset class and more institutions enter the space, Coinbase is committed to delivering products and services that are tailored to their unique needs. Coinbase Custody delivers the trusted storage service that our clients need to fully immerse themselves in the potential that crypto assets provide. We look forward to delivering more offerings over the coming months.
Product Lead, Coinbase Custody
By now, cryptocurrency investments through the Coinbase Custody platform are available for customers from the US and the EU. However, by the end of this year the company plans to expand its expansion into the Asian market.