Coinbase Reveals Crypto Assets In Custody In Billions

Coinbase Reveals Crypto Assets In Custody In Billions

San Francisco-based cryptocurrency exchange platform, Coinbase have revealed that they have $1.3 billions worth of assets in the Coinbase Custody, with that figure expected to hit $2 billion before long.

These figures they release via a series of tweets at the start of the weekend. The platforms CEO and CISO were in London to discuss what was referred to as the “institutional cryptoeconomy” when they inadvertently detailed the number of assets currently in the Coinbase Custody.

With the exact tweet read “There’s a narrative out there that institutional-grade services don’t exist in crypto. This isn’t true. Coinbase Custody is a regulated, insured and secure custodian. We have $1.3bn AUC and expect to hit $2bn soon. We have no intention of stopping there.”

This follows a busy week for Coinbase, whereby they expanded their Coinbase earn program to include its first Stablecoin and launched their new crypto debit card in 6 new European countries.

With these growing ventures on the cards, it is no surprise that they are eyeing up bigger trading numbers. Looks like it could be an interesting summer at Coinbase

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