April 21, 2021

Coinbase Launches Coinbase Custody Europe Service

Coinbase, the U.S. cryptocurrency exchange, has announced the expansion of its Coinbase Custody service. So, the Irish The exchange division will serve European users.

Coinbase Custody Service Already ServesCustomers from the UK, Switzerland, Germany and the Netherlands. However, with the launch of Coinbase Custody International, the company wants to better meet the requirements of regional customers.

“Due to the fact that we will be located in the same region as our customers, we will be able to better meet the requirements of regulators and customer expectations,” the Coinbase statement said.

Thanks to the launch of the European division,The company also plans to add support for new cryptocurrencies to its platform. In addition, Coinbase's entire steak services will be transferred to the new division.

Recall that the launch of a custodial serviceCoinbase Custody was held in early 2018. The service grew quite rapidly and a year later it stored client funds worth more than $ 1 billion, and after the takeover of the Xapo service, the volume of stored cryptocurrencies increased to $ 7 billion.