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What Is Coinbase Custody Service?
Coinbase Custody is an institutional-grade service optimized for storing large amounts of cryptocurrency in a highly secure way. For our customers, operating under a New York State Trust Company is more than just a new license — it’s an important piece of regulatory clarity that will allow us to compliantly store more assets and add new features like staking.
Coinbase Custody Trust Company will operate as a standalone, independently-capitalized business to Coinbase Inc. and will be held to the same compliance, security and capital requirements as traditional fiduciary custodial businesses like the DTC. This means customers can trust that the company has met the rigorous banking standards of NYDFS regarding capitalization, anti-money laundering procedures, confidentiality, security and storage. The trust charter also designates Coinbase Custody as a fiduciary under New York State Banking Law.
As crypto continues its maturation as an asset class and more eligible financial institutions and hedge funds enter the space, Coinbase is committed to delivering products and services that are tailored to their unique needs. Coinbase Custody delivers the trusted storage service that our clients require to fully immerse themselves in the potential that crypto assets provide.
Coinbase Custody Fees Conclusion
However the Coinbase cryptocurrency exchange is regulated but invest the amount you can afford to lose it as cryptocurrency trading contains risk of losing your capital.
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