The service targets instutitional investors, but all Coinbase customers could potentially benefit from lower volatility provided by the OTC trading desk.
Coinbase Custody, the safekeeping arm of the crypto-finance giant, decided to add support for Ripple (XRP) on its institutional-aimed custodian service.
According to the official announcement, Coinbase will offer custody service for XRP which has raised doubts whether the exchange is planning for a possible listing of the coin.
The biggest cryptocurrency exchange in the U.S. Coinbase has set up a list of principles for its institutional financial products.
Following the rollout of Coinbase Custody, another large cryptocurrency company Fusang Investment Office announced the upcoming launch of a secure cryptocurrency storage.
The new Coinbase Custody service will implement a range of security measures for safe and secure storage of digital assets.
U.S. cryptocurrency exchange Coinbase announced its plans to add support for Ethereum Classic, which caused a 25-percent jump in ETC price.