Cryptocurrency Q&A
What is Coinbase custody?
What is Coinbase custody?
CryptoVeteran
Sat Nov 30 2024
|
7 answers
1503
Coinbase Custody is a secure storage solution for digital assets, offered by Coinbase. It is an independent, NYDFS-regulated entity, providing institutional-grade offline storage solutions. Coinbase Custody aims to provide the most precise and reliable custody solutions, with services similar to traditional financial custodians, including capital requirements, regulatory oversight, and auditing.
7 answers
Leonardo
Sun Dec 01 2024
The New York Department of Financial Services (NYDFS) regulates CCTC.
Was this helpful?
120
84
AndrewMiller
Sun Dec 01 2024
NYDFS is also responsible for overseeing New York's chartered banks.
Was this helpful?
148
42
CryptoEmpireGuard
Sun Dec 01 2024
Coinbase Custody Trust Company, LLC (CCTC) serves as our custodian in the United States.
Was this helpful?
40
74
DondaejiDelightfulCharm
Sun Dec 01 2024
Under New York state law, CCTC operates as a fiduciary.
Was this helpful?
322
20
Sebastiano
Sun Dec 01 2024
This regulatory framework ensures that CCTC operates within strict guidelines.
Was this helpful?
258
38
Load 5 more related questions
