Coinbase released statement regarding BTG and SegWit2X

Coinbase will keep the BTC ticker for the original bitcoin chain and at this this stage it doesn't plan to charge BTG to users
24 October 2017   3132

Coinbase has issued a new statement regarding the SegWit2x and Bitcoin Gold hardforks, confirming that, if SegWit2x implemented, it will keep the BTC ticker for the original bitcoin chain.

The new chain, respectively, will be assigned a B2X ticker.

Any customer with a BTC balance on Coinbase at the time of the fork will be credited with an equal amount of the B2X asset on the Bitcoin2x blockchain. No action is required — we will automatically credit your account. So, if you have 5 BTC stored on Coinbase before the fork; you will have 5 BTC and 5 B2X following the event.
 

David Farmer
Director of Comms, Coinbase

Refusal to confirm that the original bitcoin will retain the ticker BTC led to fierce criticism of Coinbase and even led to the fact that the largest today crypto-currency company was on the "black list" of Bitcoin.org.

However, now the company has confirmed that all users whose accounts at the moment of fork (block 494,784, tentatively on November 16) will have bitcoins, the corresponding number of B2X coins will be credited. Purchase, sale, as well as deposit and withdrawal of funds will be stopped 24 hours before the fork.

In the future, the company expects that within the next 24 hours the purchase and sale of BTC and B2x will be activated, deposits and withdrawal of funds should become available within 48 hours after the end of the year.

Also, Coinbase confirmed its position on Bitcoin Gold hardfork, saying that at this stage it does not plan to charge BTG coins to users, but it will be ready to do as soon as "blockchain proves to be secure and valuable".

Information about this fork (BTG) has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, Coinbase may choose to support it. At that point, your account will be credited with an amount of Bitcoin Gold equal to your Bitcoin (BTC) balance at the time of the fork.
 

David Farmer
Director of Comms, Coinbase

TokenSoft to Cooperate with Coinbase Custody

From now on, TokenSoft offers two custodial solutions to security-token issuers
21 December 2018   271

Platform for launching security tokens TokenSoft announced the native integration of the broker-dealer TokenSoft Global Markets, which is regulated by the Securities and Exchange Commission, with Coinbase Custody, the leading custodian platform for institutional clients from the US cryptocurrency company Coinbase.

TokenSoft now offers two custodial solutions to security-token issuers: a digital asset store based on their own development, or a Coinbase Custody solution using a blockchain to prevent the client and custodian from mixing.

In many instances, issuers are looking for someone to manage the security and compliance of custody for them. The current options aren’t fully integrated, use omnibus accounts, and don’t provide the level of data granularity necessary to meet the standards of top accounting firms. Additionally, Coinbase’s approval in one of the strictest jurisdictions, New York, gives everyone a lot of comfort. This new custody relationship will enable our issuers to simply work with one of the most well-known custody platforms in the industry, providing them with security, compliance and peace of mind.
 

Mason Borda

CEO, TokenSoft

Coinbase Custody Trust Company LLC received approval from the New York State Financial Services Authority (NYDFS) for custodial services in October.

Previously, Coinbase and TokenSoft invested in a startup called Nomics, which intends to index 95% of the data related to cryptocurrency trading.