June 18, 2024

Coinbase Custody Will Support Gram Currency

Coinbase Custody Will Support Gram Currency

The largest cryptocurrency exchange in the United States, Coinbase, announced the launch of custodial support for the futureTelegram cryptocurrencies.
In an official announcement, the exchange said that Coinbase Custody will support the Gram (GRM) token upon its launch.

Coinbase will support secure storagethree tokens – GRM, Sola (SOL) and OXT (OXT). According to the announcement, custodial support will provide GRM token holders with offline storage and insurance coverage.

Coinbase Custody – is a trust company chartered and regulated by the New York City Department of the Comptroller. 


Besides Coinbase Custody, there are othersdigital asset custodians – Anchor Labs, Anchorage Trust Company and Anchorage Hold, which announced on October 8 that they will also provide institutional custody of GRM.

However, none of these firms are registered with the US Securities and Exchange Commission, which means that they will not be able to provide their services to customers in New York and some other states.

Based on materialscointelegraph.com