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.