Key Takeaways
- US Marshals Service chosen Coinbase Prime for large-cap digital asset custody and buying and selling.
- Coinbase safeguarded $330 billion in belongings and recorded $256 billion in institutional buying and selling quantity in Q1 2024.
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The US Marshals Service (USMS) has chosen Coinbase Prime to supply custody and superior buying and selling providers for its “Class 1” large-cap digital belongings. In line with a Coinbase weblog submit, the company, a part of the US Division of Justice, manages these belongings centrally to help federal regulation enforcement.
Coinbase was chosen after a aggressive due diligence course of that evaluated numerous options. The corporate’s sturdy observe file and talent to securely present institutional-grade crypto providers at scale have been key components within the choice, added the article.
Notably, eight out of 10 spot Bitcoin exchange-traded funds (ETF) within the US are Coinbase Prime prospects. Launched almost three years in the past, has turn out to be a most well-liked platform for establishments and huge digital asset holders. As of March 31, 2024, Coinbase safeguarded $330 billion of belongings and recorded $256 billion in institutional buying and selling quantity in Q1 2024.
Moreover, Coinbase has been supporting regulation enforcement companies since 2014, working with main US federal, state, and native companies, in addition to worldwide companies globally. This partnership aligns with Coinbase’s mission to advertise secure and environment friendly markets inside crypto.
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