Coinbase Custody Considering Adding Support For 39 Digital Assets
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Coinbase Custody Considering Adding Support For 39 Digital Assets

October 17, 2020      Jafrin Ahmed

Coinbase Custody is “exploring” on adding support for 39 new digital assets, according to an official blog post from Oct. 16, 2020.

All Digital Assets Might Not Get Listed on Due to Regulatory Bottlenecks

The list of 39 digital assets includes from the likes of Tron (TRX), BitTorrent Token (BTT), Neo (NEO), VeChain (VET). DeFi tokens such as Aave (AAVE), Curve (CRV), Wrapped Bitcoin (wBTC) are also on Coinbase’s exploration list for adding support.

Recently, Filecoin (FIL) token was listed on the exchange ahead of its much-anticipated mainnet launch.

The crypto custody service have also highlighted that the digital assets under review for listing might not be available in all in all of its supported jurisdictions due to regulatory bottlenecks, saying “Our decision to support any asset for custody requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be available for Coinbase Custody in any jurisdiction”.

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The post continued “We will add custody support jurisdiction-by-jurisdiction, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any such asset from active review and potential custody support.”

For instance, In August 2018, VeChain (VET) was on the list of Coinbase’s custody support, although as of yet it is still not listed.

Coinbase Custody Also Supports Staking, Governance, DeFi and more

Coinbase crypto exchange started offering its custodian service back in July 2018 in Europe and North America. Today the company has over 500 customers, guarding over $15 billion worth institutional cryptocurrencies.

Recently, the exchange also listed FTX (FTT) and Serum (SRM) to expand its services to international clients in Asia-Pacific.

Besides, providing high grade security and insurance protection, Coinbase Custody has remained on the leading front in providing crypto-native features such as staking, governance and decentralized finance (DeFi) and more.

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Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Being a HODLer she takes a keen interest in following the volatile Bitcoin charts. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.