Coinbase Custody to Receive Trust Charter

The new organization will provide services for the qualified storage of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic and XRP
24 October 2018   344

Coinbase, the leading US crypto exchange, received approval from the New York Department of Financial Services (NYDFS) to establish the Coinbase Custody Trust Company LLC custodial unit. The new organization will provide services for the qualified storage of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic and XRP.

Inclusion of XRP tokens in this list is noteworthy: rumors about their likely addition to Coinbase have been around for quite a long time, but officially neither the exchange nor the wallet support them.

Coinbase Chief Operating Officer and President Asiff Hirji spoke positively about the decision and called the NYDFS "a supporter of the responsible growth of the cryptocurrency industry."

Coinbase is awaiting regulatory approvals of several more new services. So, in June, the exchange announced its intention to obtain a broker's license, a license for alternative trading systems, as well as a license to provide financial advisor services.

Earlier, NYDFS was approved by BitGo and the Prime Trust for providing qualified cryptocurrency storage services.

Coinbase US Customers Can Convert Crypto to Gift Cards

Coinbase customers received interesting proposal right before Christmas gifts purchase time
11 December 2018   35

The largest US cryptocurrency company Coinbase announced the expansion of partnership with a London startup WeGift.

Using the Coinbase wallet, American users can buy gift certificates from dozens of retailers, including Uber, Nike and Gap.

To do this, users need to visit the website of the WeGift service and associate it with the Coinbase wallet. As a bonus, when purchasing gift certificates, users do not have to pay a withdrawal fee.

Earlier, this opportunity from Coinbase and WeGift was available only in a few EU countries.