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Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’
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Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’
Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13. In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. During the meeting, the firm’s representatives argued that, while many believe that there are no institutional-grade offerings in the cryptocurrency space, Coinbase Custody is in fact such an offering.
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