Spotlight Growth
No Result
View All Result
Wednesday, February 8, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Coinbase Looks to Expand Custody Asset Offerings For Institutional Investors

by admin
August 8, 2018
in Cryptocurrency
0
Coinbase Reviews Custody Assets For Institutional Investors News

Coinbase Reviews Custody Assets For Institutional Investors News

A shockwave rumbled through the cryptocurrency world when Coinbase announced that they would be considering three dozen coins for addition to their custody program. Any addition to Coinbase causes a surge in value for the coin in question – but there is a mistaken belief that these additions will be available for trade on the platform. Coinbase explicitly stated that this was not the case, and it is important to understand the distinction between the two asset types.

As is, Coinbase offers only four coins for trade – Bitcoin, Ethereum, Litecoin and Bitcoin Cash. They have nearly completed the infrastructure necessary to introduce Ethereum Classic (ETC) as well. Their custody asset system currently contains the same coins. The custody asset program is completely different from the exchange itself, available only to institutional investors. This grants them a safe storage place for relatively large sums of cryptocurrency.

The Difference between Custody Asset and Trading Assets

Most cryptocurrency investors will be familiar with a trading asset, even if they don’t know it by that name. Any currency that can be readily traded is a trading asset. This is the standard arrangement for most exchanges, although there are cold storage options on a handful of centralized platforms.

In contrast, custody assets are not available for trade within the exchange. While they can safely be stored, they would have to removed and transferred to another platform in order to trade. In effect, funds stored in a wallet are a custody asset – an exchange is necessary for all transfers that are not OTC. So while Coinbase is intending to add 36 coins to their custody program, it is unlikely that they will all become available on the exchange.

Upcoming Additions to Trading Assets

However, Coinbase recently stated that they were exploring the option of adding five additional coins to their trading asset portfolio. The exchange is very explicit with how and where they will be adding new coins – they’ve outlined every step of the process for adding Ethereum Classic. New assets potentially include Cardano (ADA), the Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (ZRX). Coinbase was careful to explain that they may ultimately not all be added, but users can expect regular updates on the decision making process.

As one the top US cryptocurrency markets, Coinbase holds an enviable position in the industry.  The expansion of their offerings comes at a careful, measured rate to ensure that they remain in that position. The recent shift from GDAX to Coinbase Pro is one non-asset based decision that has helped them rebrand as a more user-friendly platform. Coinbase is often the first face of cryptocurrency for new investors – and they take that role seriously.

Article By: Adam Stone

Tags: acquisitionBitcoinblockchaincoinbaseCoinbase ProcryptoCryptocurrencycryptoexchangescryptoinvestorcryptonewscryptotradercustody assetsdigital currencyemerging growthenergyEthereumhodlinstitutional investorsinvestinginvestmentmobilemobile appsnewssalesservicessmall cap companiesSpotlight GrowthSpotlight Growth Stockstechtradingtrading assets
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Innovative Eyewear NASDAQ LUCY Lucyd Lyte 2 Smart Glasses Spotlight Growth

Innovative Eyewear (NASDAQ: LUCY) Debuts Lucyd Lyte 2.0 Audio Eyewear Product

February 7, 2023
American Resources Corporation NASDAQ AREC Reduced Debt By 9 Million Spotlight Growth

American Resources Corporation (NASDAQ: AREC) Reduces Debt by Over $9 Million

February 7, 2023
Its All Greek to Me What Are Option Greeks Spotlight Growth

It’s All Greek to Me: What Are Option Greeks and How Do They Impact Traders?

February 6, 2023
Unleashing the Power of 5G The Future of Mobile Technology Spotlight Growth

Unleashing the Power of 5G: The Future of Mobile Technology

February 6, 2023

Recent News

Innovative Eyewear NASDAQ LUCY Lucyd Lyte 2 Smart Glasses Spotlight Growth

Innovative Eyewear (NASDAQ: LUCY) Debuts Lucyd Lyte 2.0 Audio Eyewear Product

February 7, 2023
American Resources Corporation NASDAQ AREC Reduced Debt By 9 Million Spotlight Growth

American Resources Corporation (NASDAQ: AREC) Reduces Debt by Over $9 Million

February 7, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested