Coinbase for international customers storage (customial) continues to significantly increase its crypto footprint in the industry by expanding its services support to dozens of altcoins.
The largest US-based cryptocurrency exchange said in a new announcement on its official Twitter account that it has added 70 cryptocurrencies to its list of more than 150 assets, which are part of the Coinbase Custody International cold storage trust in Dublin, Ireland.
“Coinbase Custody International now supports deposits and withdrawals for 70 new assets.
These new assets may only be held through Coinbase Custody International and not through Coinbase Custody Trust Company, LLC.”
Coinbase Custody International now supports deposits and withdrawals for 70 new assets.
Assets in 🧵For a full list of assets supported by Coinbase Custody click here https://t.co/kOJ0HFbXfL
— Coinbase Assets (@CoinbaseAssets) June 30, 2022
What is Coinbase Custody?
Coinbase Custody International is a custodian for institutional investors with large amounts of money. The platform was launched in 2020, designed to provide financial controls for institutions and companies wishing to trade with digital currencies such as Bitcoin and Ethereum, and to be a highly secure way to store large amounts of cryptocurrency to non-US customers worldwide. Licensed in New York State, this service is designed to provide customers with a highly secure way to store large amounts of cryptocurrencies.
Coinbase Custody allows customers to both securely and actively participate in crypto networks by balancing the protection of private keys with easy online customer access to customers. Custody services include depositing and withdrawing supported crypto assets to a custodian account, as well as staking services.
Assets added to the platform
Among the large list of new assets is a content delivery network that distributes bandwidth while reducing costs. Aioz Network (AIOZ) is located. The project’s website says the platform is fully interoperable with Ethereum (ETH) and Cosmos (ATOM) blockchains, providing instant certainty and low transaction fees.
Coinbase is also the companion platform to Shroom.Finance (SHROOM), which allows players to trade non-fungible tokens (NFTs). to Gameswap (GSWAP) also added support.
Among the cryptocurrencies added to the platform is Monavale. Monavale (MONA)is the native symbol for Digitalax, which enables users to design custom digital garments in the form of NFTs. According to a blog, the startup is in fashion for the Web 3.0 internet, with the long-term goal of being the “digital fashion NFT home for all gaming, virtual reality and metaverses in the crypto ecosystem.” Creative Commons (CC0) applying the license.
Again, among the cryptocurrencies that the platform adds support, Telcoin (TEL)is a digital asset designed to bridge the telecommunications industry and the wider blockchain space by powering fast transactions, particularly global remittances.
Aiming to be Solana’s (SOL) most user-friendly decentralized exchange (DEX) Orca (ORCA) It is also included in the altcoin package to which the stock market has added support. Orca is a general purpose automated market maker (AMM) on the Solana blockchain that allows users to trade, stake and earn returns on tokens.
Also included in the package of 70 altcoins Bonfida (FIDA)is built on both Solana and Solana-based Serum (SRM) and aims to be an all-in-one platform for data-driven crypto traders. The platform focuses on metrics such as stock market statistics, crypto company review and rating, crypto trends, and more.
Another interesting altcoin among the altcoins that Coinbase has added support for is Celer Network. Celer Network (CELR)is a scaling platform designed to securely enable off-chain transactions.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.