Coinbase Custody keeps customers' cryptocurrencies of more than $ 1.3 billion

✨ Megiddo

✨ President ✨
Staff member
May 15, 2016
It is reported that the Coinbase Custody custodial service manages clients' assets in the amount of $ 1.3 billion, and soon expects an increase in the amount of stored funds to $ 2 billion

. It is not true. Coinbase Custody is a regulated, insured and secure asset storage service. We already hold assets worth more than $ 1.3 billion, and soon the volume will increase to $ 2 billion. And we will not stop at this, ”Coinbase Custody told Twitter.

In addition, it became known that more than 90 companies are customers of Coinbase Custody, and about 40% of them are not US residents. Coinbase Custody CEO Sam McIngvale, together with Coinbase security chief Philip Martin, took part in a “discussion about institutional crypto economics with many prospects and customers” in the UK.

“With the development of the cryptocurrency industry, we expect financial centers such as London to become innovative centers in the field of cryptocurrencies. We are very happy to contribute to this, ”said Coinbase top managers as part of the discussion.

Recall that just a month ago, Coinbase Exchange CEO Brian Armstrong said that the Coinbase Custody custodial service manages customer assets worth more than $ 1 billion. It took a year to reach this mark.
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