Coinbase Custody announced on Friday (October 16) that “over the coming months,” it plans to “support more assets.”
Coinbase Custody, which was launched in 2018, “offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012,” and it is “an independent, NYDFS-regulated entity built on Coinbase’s crypto-first DNA.” Coinbase Custody is regulated by New York State’s Department of Financial Services (NYDFS), and operates as an independently capitalized entity (Coinbase Trust Company).
Although Coinbase Custody already “supports 90+ percent of crypto by market capitalization,” according to Coinbase’s blog post, Coinbase Custody is currently exploring the idea of adding zero or more of the following cryptoassets:
Aave (AAVE), Amp (AMP), Ampleforth (AMPL), Ankr (ANKR), ArCoin (ArCoin), Audius (AUDS), Barnbridge (BOND), BitTorrent Token (BTT), Centrifuge (RAD), Conflux Network (CFX), Curve (CRV), DFI.Money (YFII), Elrond Gold (EGLD), JUST (JST), JUST Stablecoin (USDJ), Meta (MTA), MovieBloc (MBL), mStable (MUSD), Neo (NEO), Nervos (CKB), Nexus Mutual (NXM), NKN (NKN), NuCypher (NU), Ontology (ONT), Paxos Gold (PAXG), Paxos Standard (PAX), Reserve (RSV), Reserve Rights (RSR), Request Network (REQ), Skale (SKL), SUN Token (SUN), tBTC (TBTC), Terra (LUNA), The Graph (GRT), Tron (TRX), VeChain (VET), WING (WING), WINK (WIN), Wrapped Bitcoin (WBTC)
As usual, Coinbase points out it “cannot guarantee whether or when any above-listed asset will be available for Coinbase Custody in any jurisdiction.”
Coinbase Custody also plans to find different ways in which it can “serve more institutional clients across the Asia-Pacific region,” reminding us that recently it “has added support for FTX (FTT) and Serum (SRM).”
On Thursday (October 15), Coinbase announced that, as part of its Crypto Community Fund, it “plans to sponsor at least two Bitcoin developers, who contribute directly to the Bitcoin Core codebase or closely associated Bitcoin projects.”