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   659

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 Pro to List Stellar

As stated by the exchange, XLM trades will be conducted in pairs with US dollars, euros and bitcoins
14 March 2019   117

Leading US cryptocurrency exchange Coinbase Pro announced on Wednesday, March 13, the beginning of support for Stellar Lumens (XLM). XLM trades will be conducted in pairs with US dollars, euros and bitcoins.

According to the exchange, the possibility of making deposits is already available to users. A gradual start of trading will be launched approximately 12 hours after the announcement in accordance with the practice adopted by Coinbase.

At the same time, on the main platform Coinbase.com and in mobile applications XLM is not yet available, but it can appear there in the nearest future.

Earlier this week, the Stellar Development Foundation introduced a new project logo, abandoning the “rocket” that has long been associated with this cryptocurrency