Coinbase Custody Supports Blockchain Capital’s BCAP Security Token

| Updated
by Janis Rijnieks · 3 min read
Coinbase Custody Supports Blockchain Capital’s BCAP Security Token
Photo: Coinbase Custody / Twitter

Coinbase Custody announced that they will be supporting Blockchain Capital (BCAP) deposits and withdrawals. Blockchain Capital’s native token BCAP is one of the very first security tokens for which they conducted an STO in April 2017.

In a very brief tweet, Coinbase Custody yesterday announced that now they are fully accepting Blockchain Capital’s security token BCAP for deposits and withdrawals.

As they describe themselves, Coinbase Custody “is an independent, NYDFS-regulated entity built on Coinbase’s crypto-first DNA, offering the most sophisticated and reliable custody solution in the world,” says in their website.

At the moment, Coinbase Custody supports 25 different crypto assets, including the top 5 most popular cryptocurrencies along with Basic Attention Token, Zilliqa, FOAM Token, Kin, Props token, and others. This way Coinbase is strengthening their positions as an all-out digital asset platform which now supports Security Tokens.

Blockchain Capital

Blockchain Capital is one of the oldest and most active venture investors in the blockchain industry and has financed 75+ companies and projects since its inception. Additionally, BCAP is the very first Security Token and conducted one of the very first STOs (Security Token Offering) in the crypto ecosystem. The token sale occurred on April 10, 2017, and was sold out after 30 minutes. In total, they raised $10 million, and the initial token price was $1 for 1 BCAP.

Blockchain Capital’s active investment portfolio has a lot of major leading crypto companies, including BitFury, ABRA, Kraken, Messari, ShapeShift, Ripple, XAPO, 0x, and of course Coinbase.

Coinbase Shows Interest in XAPO’s Bitcoin Custody Business

Referring to recent reports, Coinbase is in talks with a custody provider XAPO. The company is about to soon buy the custody provider for about as much as $50 million. Currently, they are negotiating, but it’s fair to say that the deal is almost finished. Xapo, founded in 2014, provides a Bitcoin wallet and a cold storage vault. The company declares that it holds $10 billion in crypto assets for its more than 1.5 million customers around the world. If the deal ends by signing the acquisition, Coinbase will get approximately 700,000 Bitcoin.

Also, in other news, Coinbase recently added EOS to their platforms, including Coinbase Earn. This gives crypto enthusiasts the ability to earn free EOS just by watching educational videos about EOS. Coinbase Earn also includes lessons about Stellar, Zcash, Basic Attention Token, 0x, and now EOS as well. Coinbase Earn was initiated in April 2018 by Balaji Srinivasan.

All-in-all, Coinbase is strengthening their positions as one of the largest and most profitable companies in the crypto environment. They started out in 2012 and today is used by more than 20 million people all around the world. To this day, for some, this is the easiest way how to purchase cryptocurrencies, so it is safe to say that Coinbase is actively encouraging mass-adoption.

Altcoin News, Cryptocurrency news, Editor's Choice, News, Token Sales
Janis Rijnieks

Janis is a cryptocurrency enthusiast and a bitcoin adherent. He has a background in video production, but for the past couple of years, he is a full-time crypto researcher and writer. He has a good understanding of multiple cryptocurrencies and loves to cover daily news. He considers himself a semi-bitcoin maximalist but always is open to any kind of new ideas that could be put on the blockchain. In his free time, he likes skateboarding and cars.

Related Articles