Mark Mason
Well-known member
Coinbase Custody Explores Adding Dash
Coinbase announced via a Medium blog post that the Coinbase Custody division will be evaluating the addition of 37 more coins, including Dash.
Coinbase Custody was started this past July 2 to be “a custodial service for institutional clients optimized for storing large amounts of cryptocurrency in a highly secure way.” The service includes “segregate[d] cold storage”, “financial and security controls”, “dedicated coverage”, “insurance”, and “multi-user accounts”, according to their website, to adapt to the requirements of institutional investors.
Their post did stress that this would be for “storage only” and that they “have not yet considered these assets for trading”. Coinbase added that they made the announcement internally and publicly at the “same time to remain transparent with our customers about support for future assets”. The post continued to highlight that this is still a developing process and that no commitments have yet been made.
Read more: https://www.dashforcenews.com/coinbase-custody-explores-adding-dash/