Coinbase provides custody services support to dozens of altcoin projects for international customers. The famous Bitcoin exchange continues to expand its crypto footprint.
Coinbase Custody expands custody services support to 70 altcoins
The US-based cryptocurrency exchange supports more than 150 assets as part of the Coinbase Custody International cold storage trust in Dublin, Ireland. Coinbase Custody has now announced that it has added 70 more altcoins to this list. “These new assets can only be held through Coinbase Custody International,” Coinbase said in the announcement. They cannot be detained through Coinbase Custody Trust Company, LLC.”
Coinbase Custody International is a custodian for institutional investors with big money. It entered the market in 2020. It was designed to provide non-US customers worldwide with a highly secure way to store large amounts of cryptocurrency.
Which altcoins does Coinbase add support for?
Among the list of new assets is Aioz Network (AIOZ), a content delivery network that distributes bandwidth while reducing costs. The project’s website says it is fully interoperable with Ethereum (ETH) and Cosmos (ATOM) Blockchains, providing instant certainty and low transaction fees.
Coinbase also has Gameswap (GSWAP), a complementary platform to Shroom.Finance (SHROOM). This allows players to trade Non Fungible Tokens (NFT).
Source: Coinbase Assets / TwitterMonavale (MONA) is Digitalax’s native token that enables users to design custom digital clothing in the form of NFTs. The project brings the Creative Commons (CC0) license to fashion for the Web 3.0 internet. In a blog post, he says his long-term goal is to be “the digital fashion NFT home for all games, virtual reality, and metaverses in the crypto ecosystem.”
Source: Coinbase Assets / TwitterTelcoin (TEL) was designed to bridge the gap between the telecommunications industry and the broader blockchain space by powering fast transactions, particularly global remittances.
Orca (ORCA) aims to be the most user friendly decentralized exchange (DEX) in Solana (SOL). Orca is a general purpose automated market maker (AMM) on the Solana Blockchain that allows users to trade tokens, place bets and earn returns.
Source: Coinbase Assets / TwitterBonfida (FIDA) is built on both Solana and Solana-based Serum (SRM). It aims to be an all-in-one platform for data-driven crypto traders. Its platform focuses on metrics such as exchange statistics, crypto company review and rating, crypto trends, and more.
Source: Coinbase Assets / TwitterCeler Network (CELR) is a scaling platform designed to securely enable off-chain transactions.
Source: Coinbase Assets / Twitter
