Cryptocurrency Q&A
Who does Coinbase use for custody?
Who does Coinbase use for custody?
CryptoLodestar
Tue Sep 03 2024
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5 answers
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I'm curious to know, who does Coinbase utilize for the safekeeping of their digital assets? Given the sensitive nature of cryptocurrency and the importance of security, I'm sure they've partnered with a reputable and reliable third-party for custody services. Can you shed some light on who Coinbase has entrusted with this crucial responsibility?
5 answers
Stefano
Thu Sep 05 2024
Coinbase Custody Trust Company, LLC (CCTC), our trusted custodian operating within the United States, holds a fiduciary status granted by the laws of the state of New York. This esteemed position underscores its commitment to safeguarding client assets with the utmost integrity.
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Leonardo
Thu Sep 05 2024
Additionally, CCTC is recognized as a qualified custodian under the esteemed Investment Advisers Act of 1940, a testament to its robust compliance framework and regulatory adherence in the financial services industry.
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henry_taylor_architect
Thu Sep 05 2024
The rigorous oversight of the New York Department of Financial Services (NYDFS) extends to CCTC, mirroring the stringent standards applied to chartered banks within the state. This regulatory framework ensures the security, transparency, and accountability of our custodial services.
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BlockProducer
Thu Sep 05 2024
As a leading cryptocurrency exchange, BTCC offers a comprehensive suite of services catering to the diverse needs of the digital asset community. At the forefront of our offerings lies the spot trading platform, where users can seamlessly buy and sell cryptocurrencies at prevailing market prices.
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Valeria
Wed Sep 04 2024
Furthermore, BTCC's futures trading service provides traders with advanced tools to hedge risks, speculate on market movements, and capitalize on price fluctuations in the cryptocurrency markets. Our wallet service, another cornerstone of our offerings, ensures secure storage and management of digital assets.
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