Coinbase Custody Officially Launches Internationally to Serve Customers Better

2020-1-30 13:52

Coinspeaker
Coinbase Custody Officially Launches Internationally to Serve Customers Better

Leading cryptocurrency exchange Coinbase has launched Coinbase Custody International Inc. to go ‘international’, as it aims to deliver better quality localized services across Europe and subsequently to other parts of the world.

Coinbase Custody

The company released an official statement via its blog early this morning announcing its new move to launch Coinbase Custody International Inc. which has been in incubation since last year following the company’s acquisition of an e-license to operate in Ireland, in October 2018.

The new Coinbase Custody is based in Dublin Ireland and would offer directly focused localized services to clients in Europe with more efficiency and in accordance with local laws. The company’s statement on its blog reads:

“While Coinbase Custody has served European-based clients in the UK, Switzerland, Germany, Finland, the Netherlands and more since 2018, our dedicated presence in Europe will allow us to offer these services in a completely localized way, with local staff, localized SLAs and in compliance with local laws.”

Coinbase explained the rationale behind the development, explaining that Europe does not only represent its biggest customer base, but it is also currently the fastest growing geographical segment in terms of users. Thus, the launch of Coinbase Custody has been strategically executed to meet the growing client demand.

According to the press release, the company would also transit all staking operations performed by Coinbase to Coinbase Custody. Although doubts remain about the consequences of staking, especially as regards tax in the United States, where asset holders are supposed to remunerated with digital currencies in lieu of their helping to secure Proof of Stake networks. This explains why non-American citizens are reluctant to stake with companies in the United States.

The next few months would see more plans for Coinbase Custody unfold as the newly independent company promises to roll out new products and features cementing Coinbase Custody as the “most trusted and innovative” institution for crypto storage.

Coinbase Making Strides

Barely days after announcing their commitment to better smart regulations and improving market integrity in the cryptocurrency sphere, Coinbase moves to scoop up experienced Google Executive, Surojit Chatterjee, who now is joining Coinbase as its new Chief Product Officer.

Chatterjee, who served as Google’s Vice president for eleven years, represents an intentional statement in Coinbase’s continued drive for cryptocurrency developments and innovation.

And as Brian Armstrong promised, Coinbase would continue to spearhead the creation of core products that will help drive adoption and make cryptocurrency much easier to use.

Coinbase Custody Officially Launches Internationally to Serve Customers Better

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Custody Token (CUST) на Currencies.ru

$ 0.0020386 (+0.00%)
Объем 24H $18.051k
Изменеия 24h: 0.85 %, 7d: -13.35 %
Cегодня L: $0.0020386 - H: $0.0020386
Капитализация $0 Rank 2918
Цена в час новости $ 0.0450183 (-95.47%)

custody customers coinbase serve officially internationally launches

Источник: coinspeaker.com

custody customers → Результатов: 65


Hawaii Lawmakers Submit a Bill to Allow Banks to Provide Custody for Digital Assets

Hawaiian lawmakers have submitted a bill SB2594 on Jan. 18 that would make it legal for the banks to provide custody for digital assets. As per this bill, Hawaiin banks will be allowed to hold “Digital asset,” “Digital consumer assets,” “Digital security,” “Virtual currency,” and any other “open blockchain token” for their customers. Banks can […]

2020-1-24 19:33


Фото:

Cryptocurrency Custody Giants Battle For Lions Share of Institutional Market

The acquisition of Xapo by Coinbase has effectively created the largest digital asset custodian in the world, with nearly $8 billion in assets managed. But this has only intensified the competition as custodial stalwart BitGo has announced they will be offering Xapo customers one year of free service with a dedicated account manager and upRead MoreRead More.

2019-8-21 23:00


Фото:

Awareness and Education are the Main Obstacles to Secure Cryptocurrency Custody

The self-custodial model of cryptocurrencies, while radical and enticing, has proved to be disastrous for people who don’t take the time to understand the nuances of the process. In an interview with CNBC, August 18, 2019, Coinbase Chief Information Security Officer (CISO), Phillip Martin, discusses the challenges to securely storing cryptocurrency.

2019-8-19 17:00


BitGo Warns About Xapo Customers Expressing Worry Regarding The Latest Coinbase Custody Deal

At the beginning of the month, BitcoinExchangeGuide reported about Grayscale Investments entering into agreements with Coinbase Custody to serve as its Custodian, effective July 29, 2019. Grayscale joined a roster of world-class institutions that have chosen to partner with Coinbase Custody, including leading crypto funds like Polychain Capital, Autonomous Partners, a16z crypto, and many more. […]

2019-8-15 20:01


Coinbase Custody is putting its funds, and not the customers’ funds ‘at risk,’ says Head of Product

Sam McIngvale, Head of Product for Coinbase Custody, explained how the staking service on Coinbase works, in an interview with Laura Shin for Unchained Podcast. He spoke on the topic and clarified that cold storage solution refers to storing cryptos offline, while staking refers to actively participating in the network.

2019-4-13 17:30


Фото:

Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).

2019-4-3 00:47


Фото:

Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.

2019-1-23 00:57


Coinbase Opens Wire Transfers, OTC Trading and Custody Services for Select Customers in Asia and Europe

The American based cryptocurrency exchange of Coinbase has opened cross-border wire transfers for high volume traders in the two continents of Asia and Europe. Making the announcement earlier today, the exchange explained that the service will be available to customers with high-volume trading on Coinbase Pro and Prime.

2019-1-22 17:22


Фото:

New York Regulator Issues BitLicense to NYDIG For Custody and Trading

New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG’s application for a digital currency license and a money transmission license. Bitcoin Custody Approved in New York State The NYDFS has formally authorized cryptocurrency-related company NYDIG to offer secure custody as well as trade execution services for several virtual currencies including Bitcoin Cash, Ether, XRP, and Bitcoin.

2018-11-15 17:00


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


дальше еще 16 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top Google Exec Quits to Become Coinbase Head of Product

Surojit Chatterjee, former product leader of Google Shopping, left parent Alphabet to become chief product officer at Coinbase, the largest cryptocurrency exchange in the US. Chatterjee to Make Cryptos Mainstream Coinbase announced late on Wednesday that Surojit Chatterjee would lead its product organization.