Coinbase Rolls Out Crypto Custody Product for Institutions

Cryptocorety Exchange Coinbase announced Tuesday, which officially launched Coinbase Custody, a product intended to receive organizational cryptography.

The first to announce last year, Coinbase Custody is a Crypto Storage Service that is specially directed at large financial institutions. It was previously reported by CoinDesk. At that time, the convertible customers would have to pay a $ 100,000 setup fee and keep at least $ 10 million deposits. In addition, there is a minimum monthly fee based on the assets stored.

"We have provided the Carbage Custody, the most secure Crypto storage solution available to safeguard $ 20 billion billion cryptoscorporation for our experience experience," the company said.

This product is part of the organizational products complex, according to a press release. Explained why Coinbase chose to launch production in the current environment:

These companies say "new investment, greater understanding and additional infrastructure can be brought to space." "This movement requires institutional grade products and services, Coinbase is something that is developed by leading companies and we are proud to launch officially today."

Coinbase Custody U.S. The company also announced that it will be partnering with Securities and Exchange Commission-controlled broker-dealer. As a result, the product combines Coinbase's Cryptocourial security experience with product third-party auditing and financial reporting certifying SEC to meet the needs of other controlled broker dealer.

The company's Launch Partners 1 Confirming, Autonomous Partners, VC, Metastable, Multicon Capital, Polychine Capital, Scalar Capitol and Walden Bridge Capitol.