Coinbase continues to expand its crypto footprint by extending custodial services support to dozens of altcoins for international customers.
In a new announcement, the US-based cryptocurrency exchange says it’s adding 70 cryptocurrencies to its roster of 150+ assets that are part of the Coinbase Custody International cold storage trust in Dublin, Ireland.
“These new assets are only available to be custodied through Coinbase Custody International.
They are not available to be custodied through Coinbase Custody Trust Company, LLC.”
Coinbase Custody International is a custodial service for institutional investors with big money. It launched in 2020 and is designed to give non-US clients around the world a highly secure way to store large amounts of cryptocurrency.
Among the massive list of new assets is Aioz Network (AIOZ), a content delivery network that distributes bandwidth while lowering costs. The project’s website says it’s fully interoperable with the Ethereum (ETH) and Cosmos (ATOM) blockchains and is able to provide instant finality and low transaction fees.
Also getting the nod from Coinbase is Gameswap (GSWAP), a companion platform of Shroom.Finance (SHROOM) which enables gamers to trade non-fungible tokens (NFTs).
Monavale (MONA) is the native token of Digitalax which enables users to custom design digital clothing in the form of NFTs. The project brings Creative Commons (CC0) licensing to fashion for the Web 3.0 internet, saying in a blog post its long-term goal is to become “the digital fashion NFT house for all gaming, virtual reality and metaverses in the crypto ecosystem.”
Telcoin (TEL) is designed to bridge the telecommunications industry and the wider blockchain space by powering fast transactions, particularly global remittances.
Orca (ORCA) aims to be the most user-friendly decentralized exchange (DEX) on Solana (SOL). Orca is a general-purpose automated market maker (AMM) on the Solana blockchain that allows users to swap tokens, stake, and earn yield.
Bonfida (FIDA) is built on top of both Solana and Solana-based Serum (SRM) and aims to be an all-in-one platform for data-driven crypto traders. Its platform focuses on metrics like exchange statistics, crypto company reviewing and scoring, crypto trends, and more.
Celer Network (CELR) is a scaling platform designed to enable off-chain transactions in a secure manner.
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The post Coinbase Abruptly Adds Support for 70 New Altcoins to Global Custody Service appeared first on The Daily Hodl.
source https://dailyhodl.com/2022/07/01/coinbase-abruptly-adds-support-for-70-new-altcoins-to-global-custody-service/