Coinbase Custody Now Has $1 Billion of Crypto Under Management, CEO Says
At Consensus 2019, Coinbase CEO Brian Armstrong said the exchange's custody service has been onboarding $150 million in assets under management each month.
Coinbase has launched Coinbase Custody International Inc., a European entity for handling cryptocurrency deposits.
Noelle Acheson warns of the consolidating power of crypto custodians, and the influence this could have on asset prices.
Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, a lobbyist organization hoping to clarify the legal treatment of staking rewards in the U.S.
Coinbase Custody has inked a three-year agreement to hold Grayscale Investment's digital assets.
Since the token launched in early July, more than 230,000 YouNow users and content creators have been given 'Props.'