DOJ Division Chooses Coinbase As Partner To Custody $32M In Assets - Coinbase Glb (NASDAQ:COIN)

Benzinga

2024-07-01 22:02

U.S. Marshals Service selects Coinbase Prime as partner for safeguarding and trading Class 1 digital assets, highlighting growing institutional adoption and confidence in Coinbase's capabilities.

　　Also Read: SEC Files Lawsuit Against Consensys Over Unregistered Brokerage Activities

　　This extensive experience in supporting law enforcement underscores Coinbases commitment to promoting safe and efficient markets.

　　Since its launch nearly three years ago, Coinbase Prime has become the preferred platform for institutions and large holders of digital assets.

　　As of March 31, 2024, Coinbase safeguarded $330 billion in assets and recorded $256 billion in institutional trading volume in Q1 2024.

　　This development highlights the increasing institutional adoption of digital assets and the critical role that secure, reliable trading platforms play in this ecosystem.

　　The USMS‘s decision to partner with Coinbase Prime demonstrates the government’s confidence in Coinbases capabilities and its pivotal role in managing significant digital asset portfolios.

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Latest News

Byte refutes rumors of speculation on A-share Doubao concept stocks