Jump to content
Sign in to follow this  
Sebastian

Coinbase Announces Custody Plans for 40 Digital Assets, Including XRP

Recommended Posts

http://fortune.com/2018/08/03/coinbase-custody/

Quote

On Friday, Coinbase announced it will expand its custody service to include 40 more assets, including XRP, which is the third biggest cryptocurrency by market cap.  Institutional funds are required by law to use a custodian to hold their assets and protect them from theft. In return, the custodians charge a fee to keep the assets secure...

Currently, Coinbase counts the funds Autonomous Partners, Polychain Cap, and Multicoin Cap among its custody customers. The company says it aims to have more than 100 institutional customers and store at least $20 billion under custody by the end of 2019.

https://blog.coinbase.com/coinbase-custody-is-exploring-a-range-of-new-assets-e700496844be

Quote

Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.

Edit: Added the excerpt from and link to the Coinbase blog as the Fortune article is a bit misleading.  These 40 digital assets are being "considered" for Coinbase custody.

Edited by Sebastian

Share this post


Link to post
Share on other sites

As much as I despise coinbase this is a nice calculated move.  They know where XRP is headed.  Their going to make way more money selling XRP to institutions than they would having it on their normal exchange.  Very Smart move!!!  This thing is prepping to blow!!!

Share this post


Link to post
Share on other sites
Guest
1 hour ago, Dario_o said:

Coinbase made a correction and added the correct XRP logo

I was suprised to see this to be honest. No more Ripple name either, just XRP and the correct logo. Did undercover XRP agents storm the Coinbase building or something?

Share this post


Link to post
Share on other sites

Reason we have bear market because of Coinbase stupidity if they add XRP trust me guys we have bull market running like  a lightning.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...