Crypto

Coinbase Custody's administration of crypto coins reached $ 1 billion


CoinTelegraph Coybase CEO Brian Armstrong, the CEO of Coinbase, said at the conference that the company's custody service was $ 1 billion worth of crypto money under its management.

Asking about the direction of corporate investment in the money industry, Armstrong gave an example from his own company and said the company's custody service, Coinbase Custody, began managing crypto assets worth $ 1 billion in just 12 months, and during this time 70 organizations were registered for this service.

Armstrong, who said that the most popular crypto money among institutional investors is still Bitcoin, also increased interest in other coins. And for that, Coinbase is currently offering more than 30 subcoin options to the corporations.

The company is currently discussing a new system that will enable each user to hide their assets in an Israeli-based initiative called StarkWare

Coinbase, who launched Coinbase Custody in July last year, said at the time that new corporate customers had crypto money. participation in the ecosystem had indicated they would provide through posture and decentralized governance.

Meanwhile Coinbase reported that yesterday Coinbase and Coinbase Pro Turkey including commenced operations in more than 50 countries.

this 50 Coinbase operates with the new country Although The number of countries it reached reached 103.

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