Coinbase Custody Targets $10 Billion in Institutional Funds for Bitcoin Investment
Coinbase CEO Brian Armstrong officially introduced Coinbase Custody, a platform targeted at institutional investors. The new product is intended to be ultra-secure:
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: https://cointelegraph.com/news/coinbase-custody-targets-10-billion-in-institutional-funds-for-bitcoin-investment
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