Coinbase, Exchanges

Does Coinbase Offer Custodial Accounts?

As the world’s largest cryptocurrency exchange, Coinbase offers a variety of services to its 13 million users, from buying and selling digital assets to managing a portfolio. One service that Coinbase offers is custodial accounts.

A custodial account is an account where the asset manager, in this case Coinbase, holds and invests the assets on behalf of the account owner. Custodial accounts are common in the traditional financial world, and they offer a number of advantages, such as simplifying the investment process and providing professional asset management.

Coinbase’s custodial accounts are designed for institutional investors, such as hedge funds and family offices. The minimum investment for a Coinbase custodial account is $10 million.

NOTE: This is a warning note about the question “Does Coinbase Offer Custodial Accounts?”

It is important to remember that Coinbase does not offer custodial accounts. Any services related to custodial accounts, such as the storage of digital assets, are offered by third-party providers. If you are unsure whether the third-party provider is legitimate, please conduct research and exercise caution. Additionally, be aware that Coinbase does not take responsibility for any losses associated with using third-party providers.

Coinbase’s custodial accounts are FDIC-insured up to $250,000 per account owner, and they offer 24/7 customer support. Custodial account holders also have access to Coinbase’s institutional trading desk, which provides deep liquidity and competitive pricing.

Coinbase’s custody offering is one of the most popular among cryptocurrency exchanges, with over $1 billion in digital assets under custody. The exchange has been expanding its custody offering recently, adding new features such as support for staking and governance tokens.

Coinbase Custody is a great option for institutional investors looking for a safe and easy way to invest in cryptocurrencies. The minimum investment is high at $10 million, but the advantages of using a custodial account more than outweigh the disadvantages for most investors.

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