Coinbase Launches Coinbase Custody Europe Service

American cryptocurrency exchange Coinbase has announced the expansion of its Coinbase Custody service.For example, the IrishThe 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.

Let us remind you that the launch of the custodial serviceCoinbase Custody took place in early 2018. The service grew at a fairly rapid pace and within a year it was storing client funds worth more than $1 billion, and after the absorption of the Xapo service, the volume of stored cryptocurrencies increased to $7 billion.

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