Coinbase Announces the Launch of New Products for Institutional Investors

[mskumar]

The cryptocurrency market is expanding every day with new developments popping up from time to time. The market has in recent times, welcomed more sophisticated institutional participants. More traditional financial institutions, companies, business organizations, have embraced cryptocurrency and many use it as one of the payment options.

Coinbase, a digital currency exchange platform where merchants and consumers can make transactions with digital currencies such as bitcoin, ether, and litecoin, founded in 2012. The exchange announced on May 15, 2018, the launch of four new products targeted at institutional investors. The products were developed to satisfy investor’s needs in cryptocurrency trading and investment.

Coinbase Custody
The Coinbase Custody, one of the four products launched by Coinbase, is a cryptocurrency custodian and the most secure cryptocurrency storage solution available. Coinbase has partnered with an SEC-regulated broker-dealer to create Coinbase Custody and offer a service that couples Coinbase cryptocurrency security excellence with third-party auditing and financial reporting validation that tends to operate a high standard of and SEC-regulated, custodial broker-dealer.

The institutional investors along with representatives will get some services for using Coinbase custodial services. Coinbase Custody aims to make digital currency investment accessible to every financial institution and hedge fund in the world.
SOURCE:https://btcmanager.com/coinbase-announces-the-launch-of-new-products-for-institutional-investors/?utm_source=onesignal&utm_medium=push