Coinbase Custody Officially Launched

New service is available for institutional and other market participants who can afford to invest in cryptocurrency more than $ 10 million.
03 July 2018   753

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.

Sam McIngvale

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.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.