Coinbase, one of the largest cryptocurrency exchanges in the US, announced that its Coinbase Custody service is now directly integrated with the company's newly launched OTC desk.
Custody clients will be able to complete trades directly from cold storage, the company said in its release, adding that it was a service many of its users requested.
Coinbase, a popular US-based cryptocurrency exchange, has announced that it has integrated Coinbase Custody service with its newly launched OTC desk.
This will enable users to complete trades directly from cold storage without having to worry about moving funds online to trade.
Sam McIngvale, the CEO of Coinbase Custody, said that the company's clients have been asking for cold storage trades since the launch of Coinbase's OTC desk at the end of last year.
According to the company's blog post, the OTC and Custody client service teams will work together in order to provide a single point of contact through the entire trading process.
Coinbase's new feature comes after BitGo launched a similar product in January this year.
The exchange partnered with Genesis Trading to allow users to trade with their assets still in custody.
Many believe Coinbase Custody is already on its way to surpass it, as the exchange counts some of the largest institutional investors and companies as its clients.
Coinbase Pro users could see this as a way to avoid the need to move their funds to other OTC desks, removing the risks that come with such transfers.
Coinbase Custody Unveils New Cold Storage Cryptocurrency Trades
Published on Mar 15, 2019
by Cryptoslate | Published on Coinage
Analysis of active addresses: Bitcoin, XRP, Dash, and Dogecoin see major growth
A recent comparison from Coinmetrics showed that Bitcoin, Dogecoin, Dash, and Ripple have seen a significant increase in the number of active addresses.
Circle Releases Another Attestation Report on Stablecoin USDC's USD Reserves
Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin.
Interview with Ulrike Huemer, CIO of Vienna, Austria
To further the breakthrough of digital technologies and make them the backbone of society, Vienna called into existence the so-called "Smart City Vienna" initiative in 2014, which aims to better the lives of its general population.
Platform Allows Users to Send and Receive Cryptocurrency With Gadget of Their Choice
The team behind a private digital currency for secure payments says its goal is to make every consumer their own bank - enabling them to send and receive crypto with the gadget of their choice.