As the world’s largest cryptocurrency exchange, Coinbase is often thought of as the most reliable place to buy and sell digital assets. But does Coinbase provide custody?
The answer is both yes and no. Coinbase does offer a custodial service for institutional investors, but it is not available to individual investors.
For institutional investors, Coinbase Custody is a service that provides secure storage of digital assets. Coinbase Custody is a regulated entity and is subject to various compliance requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML) rules.
NOTE: WARNING: Coinbase does not provide custody services for all digital assets. Coinbase Custody is currently designed to securely store cryptocurrency that is both supported by Coinbase and meets the necessary regulatory requirements. If a customer wishes to store digital assets that are not supported by Coinbase or do not meet the necessary regulatory requirements, they must look for an alternative storage option.
Coinbase Custody is a fiduciary, which means that it has a legal responsibility to act in the best interests of its clients. This includes safeguarding client assets and providing transparent reporting.
Coinbase Custody is one of the few custodial services that is insured against theft and loss. The insurance policy covers up to $255 million worth of digital assets stored by Coinbase Custody.
For individual investors, Coinbase does not offer custody services. This is because individual investors are not subject to the same compliance requirements as institutional investors.
Individual investors can still store their digital assets on Coinbase, but they will not have the same level of protection as they would if they used Coinbase Custody.
3 Related Question Answers Found
As the world’s leading digital asset exchange, Coinbase has been at the forefront of the cryptocurrency revolution. In addition to allowing users to buy and sell digital assets, Coinbase also provides a custody service for institutional investors. Recently, there has been speculation that Coinbase may offer a custody service for individual investors as well.
There are a few key differences between Coinbase and Coinbase Custody. First, Custody is a much more comprehensive service that offers a host of features and tools for institutional investors. Second, Custody is designed to meet the higher security and compliance needs of these investors.
Coinbase Custody is a digital asset platform that offers institutional investors secure storage of digital assets, like Bitcoin and Ethereum. The platform is designed to meet the needs of institutional investors, like hedge funds and family offices, who require the highest levels of security and compliance. Coinbase Custody is a subsidiary of Coinbase, Inc.
, which is one of the most well-known and respected cryptocurrency exchanges in the world.