The New York Department of Financial Services (NYDFS) has approved Coinbase’s custodian service on Oct. 23, the regulator’s recent announcement states. The San Francisco-based startup will offer custody for six digital assets, including XRP that is currently not listed on its exchange. Back in August, U.Today reported that Coinbase Custody intends to add 37 cryptocurrencies, but it doesn’t mean that these assets will be available for trading.
Coinbase Custody started operating in July, pioneering in the untapped niche of the cryptocurrency market. Ex-Wall Streeter Mike Novogratz thinks that lack of custody solutions prevents the industry from reaching new heights. However, many big-name companies in the likes of Northern Trust and Goldman Sachs are already exploring custodian services.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Yuri Molchan
Dan Burgin
Vladislav Sopov