Coinbase Opens Coinbase Custody Service

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Coinbase, the largest digital exchange in the U.S, have released their Coinbase Custody service today

Coinbase Custody will allow large institutions to securely store and manage their digital assets. Features of this platform include:
– Multi-signature wallets that require multi party, geographically distributed, hardware based signatures to unlock
– Cold storage
– reporting and auditing of assets

Cryptocurrencies currently available on this platform are Ethereum, Bitcoin, Bitcoin Cash and Litecoin, with more support envisioned in the “coming months”

This service is currently available to European and U.S institutions, with plans of opening up to Asia. Future features, as stated by Coinbase on their blog release include adding more cryptocurrencies, and hot wallet access for flexible withdrawing

Sourced via coinbase blog article

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