Coinbase Custody Announces Support for Ripple’s XRP
As declared a month earlier [Oct 15th] by Coinbase Custody, it has officially added RippleLabs’ speedy coin XRP support for the custodian services. Also, the USDC stablecoin will hit next the guarding branch of the crypto-leading firm – according to a Medium blog post.
With the target towards institutional investors-custodian services, the project condition before a user or group/firm is welcomed as a user/client is a minimum virtual asset holding of $10 mil and a in-detail research process.
Beginning of August, the Coinbase Custody storage service made an announcement that it was exploring a range of new digital assets – as posted on their blog.
Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.
The team at Coinbase Custody went on to explain to their users that they might see public-facing APIs and other signs that indicate they are conducting engineering works to support these new digital assets. This however will not be an indication of 100% commitment of adding the digital assets and they will provide updates to their customers about the process and what to expect via their Twitter page.