Coinbase Custody Boasts Almost 20 Asset Additions in 2019, Hosts Services for 30 in All Now
Major cryptocurrency platform Coinbase is celebrating the addition of nearly 20 assets to its staking platform Coinbase Custody in Q1 of 2019. Within the first four months, the company has reached a total of over 30 assets on its staking platform and still counting.
Coinbase has a number of achievements which places it in a position to deserve the progress it has made. First, it is the first ever institutional-grade digital assets custody platform for assets held offline. It also offers Over the Counter (OTC) trading from cold storage and is one of the first crypto exchanges to offer such service. In all these, security is central and that is an important component of any platform that will keep customers.
Apart from security, Coinbase is also focused on promoting cryptocurrency awareness through its learn and earn program. So far, the program has been held for Basic Attention Token (BAT) and Stellar Lumens (XLM).
Among the listed assets on Coinbase Custody so far are Augur (REP), ZCash (ZEC) and Tezos (XTZ), FOAM (FOAM), Kin (KIN) and Maker Dai (DAI) and the choice of which assets to add has been purely due to customers’ interest and to make them enjoy the platform and more are coming, according to a blog post.
“The number-one driver of our decision to support assets is client demand — we prioritize the assets our clients need. In addition to client demand, we have developed a robust internal process to evaluate and approve assets for Coinbase Custody.”
The announcement on the Coinbase blog however makes it clear that assets added to Coinbase Custody have not necessarily been added on the Coinbase exchange for trading. The exchange has also added quite a number of assets this year and is still counting.
Coinbase is on a mission to improve the security of the cryptocurrency ecosystem by ensuring that its customers are well protected from potential threats to their funds. This is why the platform engages in routine security audits to ensure maximum security standards are maintained.
According to the announcement, more assets will be added as time goes on and as usual, this will be determined by the interest of customers as requests are made for certain assets and as assets meet the company’s criteria for custodianship.
In addition, the platform has a vacancy to be filled that will help to drive the company to achieve its dreams. Having said that, which asset is to be added next?