Coinbase Custody Targets $10 Billion in Institutional Funds for Bitcoin Investment

domainking131

Forum Leader
Staff member
Coinbase CEO Brian Armstrong officially introduced Coinbase Custody, a platform targeted at institutional investors. The new product is intended to be ultra-secure:

We are designing Coinbase Custody to meet the needs of institutional clients. In particular, we feel that institutional clients require:

  • Strict financial controls (multiple signers, audit trails, limits, etc)

  • Dedicated account representatives and phone support

  • SLAs on funds transfers

  • A regulated digital currency custodian

  • Multi-user accounts with separate permissions

  • Support for a wide range of digital assets and currencies

  • Insurance (in some cases)

  • And high levels of cyber and physical security
According to Armstrong, Coinbase currently holds $9 billion in user funds in various cryptocurrencies including Bitcoin. Coinbase Custody is exclusively for institutional investors with at least $10 mln on deposit. There is a $100,000 initial setup fee and a fee of 10 basis points per month on all deposits stored on the Coinbase Custody platform.


Source
 

whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
26,766
Messages
73,713
Members
7,635
Latest member
slimak
Top Bottom