RATE Group | Coinbase Launches International Cryptocurrency Custody Arm
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Coinbase Launches International Cryptocurrency Custody Arm

30 Jan Coinbase Launches International Cryptocurrency Custody Arm

Posted at 11:22h in Cryptocurrency News by

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Major United States-based cryptocurrency exchange Coinbase has established an entity in Ireland to expand its crypto custody services to European institutions.

According to a Coinbase announcement published on Jan. 30, the new entity is called Coinbase Custody International and is based out of Dublin.

The firm’s services will be the same as those provided by Coinbase Custody in addition to taking over all the staking activities performed by the exchange. 

Coinbase Custody initially began offering staking for select cryptocurrencies in March 2019, and expanded that service to international the following November. 

The advantages of a local operation

While Coinbase Custody has been serving European clients in the United Kingdom, Switzerland, Germany, Finland and the Netherlands since 2018, a new dedicated entity allows for completely localized service.

Per the announcement, this will bring the advantages of local staff, localized service-level agreements and clearer compliance with EU…

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