Grayscale’s $2.7 Billion in Crypto Assets Will Now Be Held by Coinbase Custody

Grayscale Investments has tapped Coinbase Custody to serve as the new security provider for its digital asset holdings, the companies announced Friday. The custodian, which Coinbase CEO Brian Armstrong says already holds $1 billion in assets, will act as the custodian for Grayscale’s single-asset and diversified investment products. Grayscale claims to hold $2.7 billion in total […]

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Coinbase Custody to List YouNow’s Props Token

Coinbase Custody announced the addition of the recently Reg A+ certified Props token to its custodial listings. The institutionally-weighted, and independently-funded custodial wing of Coinbase will provide cold storage as well as a wallet for holders of Props. The tokens were designed by YouNow developers as a way to reward users of the platform and […]

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Coinbase Custody Now Has $1 Billion of Crypto Under Management, CEO Says

Coinbase CEO Brian Armstrong announced the exchange’s custody product, Coinbase Custody, already has $1 billion in assets under management (AUM) in just 12 months after launch. In an on-stage discussion at CoinDesk’s Consensus 2019 event on Wednesday, Armstrong was asked by panel moderator and Wall Street Journal reporter Paul Vigna about the status of institutional involvement […]

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