Coinbase Custody Will Serve As A Custodian For 21Shares AG

  • The Singapore-based financial technology firm 21Shares AG has recently announced that the firm has selected Coinbase Custody. To store its digital assets for Bitcoin ETP.
  • The firm started in its announcement that after reviewing its institutional-grade offline storage solution, it has chosen the Coinbase Custody.
  • According to 21Shares AG, Coinbase serves a wide range of institutional clients.

The Singapore-based financial technology firm 21Shares AG has recently announced that it has selected Coinbase Custody to store its digital assets for Bitcoin ETP. On July 02, 2020, the firm is going to list its 21 Shares Bitcoin ETP on the Deutsche Börse’s Xetra electronic venue.

Coinbase Has A Wide Customer Base

Apart from this, the Coinbase Custody moves on Twitter sharing there excitement for getting selected by 21Shares as custodian for their 21Shares Bitcoin ETP.

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However, the Coinbase Custody will function as a custodian for the underlying assets of Bitcoin ETP. Additionally, the firm started in its announcement that after reviewing its institutional-grade offline storage solution, it has chosen the Coinbase Custody. This includes high-class security, issuance coverage, and regulatory compliance.

According to 21Shares AG, Coinbase serves a wide range of institutional clients. The CEO Hany Rashwan notified that the firm honored to bring this significant product to Europe.

Coinbase Listed COMP To Its Platform

Furthermore, the firm will offer its investors access to the great asset class of the last decade. coinbase is committed to serving the next ten years through a transparent and regulated crypto ETP product suite.

Besides this, Coinbase is a leading cryptocurrency platform that serves over 30 million accounts across 100 countries. Recently, the San Francisco-based exchange has revealed that it has listed COMP token in its platform.

Moreover, COMP recently listed on the exchange’s professional trading platform Coinbase Pro. While the exchange notified this announcement in its blog stating the users of Coinbase can now start buying, selling, or store COMP.

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.

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