Coinbase Custody revealed Friday that it would begin having a look at the addition of various existing and upcoming cryptocurrency assets to its system for storage only.The statement, which was delivered to the public and those internal at Coinbase at the same time to retain transparency, states that the company has started an exploratory procedure to determine whether or not to include more than 40 cryptocurrencies to its custodial service. At this moment, Coinbase is ruling out these assets for addition to its trading products. Coinbase Custody offers custodial services to institutional clients that are optimized for the storage of large amounts of cryptocurrency through highly secured means. Moving on, Coinbase Custody will likely assist more assets than those currently available to trade through other Coinbase products. According to the announcement, asset additions moving forward must pass Coinbase's Digital Asset Framework. During this research procedure, customers may browse the public-facing APIs or other signs that denote the manner where Coinbase is conducting engineering work to support the oncoming assets. Even though Coinbase can not yet commit to when or if these assets will become available on Coinbase Custody, the business will keep customers updated regarding the procedure through their main Twitter account. This news comes out the same day that Coinbase announced an official date for the listing of Ethereum Classic (ETC) to its trading products, which is currently set for August 7. The price of ETC has rallied off the latest news. Coinbase Custody is currently exploring the addition of further tokens. Charlie Shrem is a Bitcoin pioneer, a social economist and digital currency trader. His work in this field is legendary. In 2011, at the dawn of the crypto era, he founded BitInstant, the first and largest Bitcoin company. In 2013, he founded the Bitcoin Foundation and serve as its vice chairman. Since then, Charlie has advised more than a dozen digital currency companies, launched and managed numerous partnerships between crypto and non-crypto companies, and is the go-to guy for some of the world’s wealthiest entrepreneurs. In short, he is the ultimate insider at the epicenter of the crypto universe. Crypto.IQ is a premier advisory firm providing expert research, education and advice in the world of cryptoassets. The company is unique in that it combines the unparalleled expertise of crypto pioneer Charlie Shrem with the unparalleled market knowledge of three Wall Street experts with more than a century of combined financial industry experience. Together, they have managed and traded more than $1 billion in assets. In a world of “instant experts,” who have little knowledge or trading experience, the Crypto.IQ team offers the proven depth, insight and knowledge to help their clients achieve success. Raise your Crypto.IQ…and profit! Crypto.IQ gives you the insider knowledge you need to succeed as a cryptocurrency investor.
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