Coinbase Custody To Secure Five New Crypto Assets at Launch: cGLD, FIL, KEEP, NEAR & DOT

Coinbase staking and pooling arm, Coinbase Custody, announced the addition of five new cryptocurrencies on the platform. The platform offers institutional-grade secure storage and will now allow holders of Celo Gold (cGLD), Filecoin (FIL), NEAR Protocol (NEAR), Polkadot (DOT), and Keep Network (KEEP) access to these facilities when they officially launch.

Coinbase Custody started in 2018, is regulated by the New York State Department of Financial Services (NYDFS) to provide financial services to its users. The custodial has grown into one of the largest services in the crypto industry supporting over 50 crypto projects to date. The custodial is aiming to add to its 300+ clients and $8 billion in holdings with the new additions.

Staking on PoS platforms also supported

The users will also access the staking protocols provided for the Proof of Stake (PoS) tokens – KEEP, DOT, FIL, and cGLD. Notwithstanding Coinbase Custody recently announced a partnership with node validator, Bison Trails to offer staking capabilities for their users.

Bison Trails CEO, Joe Lalloz, said during the launch,

“For people who custody with Coinbase Custody, and want to stake with secure and highly available Bison Trails validators, this integration is a game-changer.”

Focus on regulation and international markets

Coinbase announced the launch of its Europe based custodial service at the end of January to serve their international customers. This came about two months after the company announced global support for Tezos (XTZ) staking for their institutional investors.

As regulation in the U.S toughens on crypto-based institutions, Coinbase is looking for crypto-friendly destinations. Earlier this month, the company announced they had moved their leading staking bakery on XTZ from the U.S to Ireland due to the regulation uncertainty across the U.S.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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