XYO Network’s Token Now Can Be Deposited and Withdrawn with Coinbase Custody


Coinbase Custody Adds XYO Token for Deposits And Withdrawals in Big Move for the Blockchain Location Coin

The purpose of Coinbase Custody is to offer offline custody support in a full-service, insured, and regulated atmosphere for users. The company primarily focuses on serving hedge funds, institutions, and similar firms, and they now have created an opportunity to use XYO on the platform as well.

As XYO joins Coinbase Custody, they join only 21 other assets that are presently available on the platform. Others include Bitcoin, Civic, Ethereum, Litecoin, Ripple, and Stellar, among others. With the new addition of XYO, the press release on the matter said the token will be aligned “with the most trusted and easiest-to-use crypto custody service.”

Published by Business Wire, the press release adds that some of the features of this custodial service include:

  • The segregation of crypto assets while on-chain
  • Offline private keys that sign transactions with cryptographic hardware
  • Multi-level security
  • Cold storage, which is frequently audited and reported

XYO was originally created in 2012, using IoT technology to connect the digital world and the physical industry. Last year, the company launched the XYO Network, which surpasses the GPS network with over 1 million beacons around the world to verify locations.

This all of course came with the other news about Coinbase Custody adding Kik (KIN) token today as well.

Live XYO Network Token Price:

1 XYO/USD =$0.0049 change ~ -2.62%

Coin Market Cap

$27.46 Million

24 Hour Volume

$217.61 K

24 Hour VWAP

$0

24 Hour Change

$0.00

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide