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. Finally, Coinbase Custody is a standalone business, separate from the Coinbase exchange business.
Coinbase Custody is the most comprehensive institutional storage solution available. It offers features like multi-signature security, insurance, and deep integrations with market data providers and trading platforms.
Coinbase Custody is also the only storage solution that is SOC 2 Type 2 compliant.
NOTE: WARNING: Coinbase and Coinbase Custody are two separate services, with different features and intended uses. Do not attempt to use one service where the other is meant to be used. Not doing so can result in a loss of funds or other financial losses. Use Coinbase for buying and selling cryptocurrency, and Coinbase Custody for secure storage of digital assets.
Coinbase Custody is designed to meet the rigorous security and compliance needs of institutional investors. For example, all customer funds are stored offline in cold storage, which makes them inaccessible to hackers.
In addition, Coinbase Custody employs a number of physical and digital security measures to protect customer funds.
Coinbase Custody is a standalone business, separate from the Coinbase exchange business. This means that Custody customers are not subject to the same risks as investors on the Coinbase exchange.
For instance, if the Coinbase exchange were to be hacked, customer funds stored in Coinbase Custody would not be at risk.
In conclusion, Coinbase and Coinbase Custody are two very different services. While both offer storage solutions for cryptocurrencies, Custody is much more comprehensive and secure service designed specifically for institutional investors.
4 Related Question Answers Found
As the world’s largest cryptocurrency exchange, Coinbase has been a reliable and popular choice for buying and selling Bitcoin, Ethereum, and other digital assets since its launch in 2012. Recently, however, some users have raised questions about whether or not Coinbase has custody of their funds. In short, yes, Coinbase does have custody of customer funds.
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.
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin (₿), Ethereum (Ξ), Litecoin (Ł) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. If you believe that a charge on your Coinbase account was made in error, you can dispute the charge with your card issuer.
As of December 2018, Coinbase had over $20 billion worth of digital assets in custody. This is an increase from the $11.7 billion they reported in September of 2018. The majority of these assets are in Bitcoin, followed by Ethereum.
