Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial Service – Coinbase Custody Hot Cryptocurrency Prediction - BitCoin Wealth 247 News Blog
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Hot Cryptocurrency Prediction
Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial
Service – Coinbase Custody Hot Cryptocurrency Prediction

Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial Service – Coinbase Custody Hot Cryptocurrency Prediction

Hot Cryptocurrency Prediction
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Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial...

Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial Service – Coinbase Custody

Coinbase – a wallet service and San Francisco-based digital currency trading platform – recently announced that it is exploring the addition of forty new digital currencies to Coinbase Custody – its custodial service.

The post by the firm emphasized that the digital currencies may only be added “for storage,” and the trading platform will add them as “safely and quickly as possible.” The digital currency trading platform also said that they are not presently considering the digital currencies for trading.

The firm is presently considering 40 new digital currencies, and some of the coins considered for storage include XRP (XRP), Monero [XMR], VeChain (VET), Bitcoin Gold (BTG), Cardano (ADA), EOS (EOS), and Telegram. The exchange further clarifies that the addition of a digital currency to its custodial service does not guarantee whether the coin will be added to the other products of Coinbase.

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The firm also added that digital currencies that are under consideration for trading on the platform must pass the GDAX Digital Asset Framework.

Hot Cryptocurrency Prediction,Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial Service – Coinbase Custody
Coinbase Custody was launched on the 2nd of July this year, and it is aimed at addressing the primary concern of institutional investors, Coinbase Custody was launched on the 2nd of July this year Hot Cryptocurrency Prediction , including “offline, geographically and multi-sig distributed transaction protection.” “On-chain digital currency segregation” and “robust cold storage reporting and auditing.”

The firm also has plans to add segregate, secure hot wallets in the future. Also, the service is compliant with SEC regulations.

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Hot Cryptocurrency Prediction,Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial Service – Coinbase Custody
At the time of writing, the third largest digital currency in the world – XRP, is trading at $0.44 after an increase of 0.13 percent over the past twenty-four hours. The current market cap of the digital currency is $17.33 billion and its trading volume over the past twenty-four hours is $210.28 million.

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Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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Hot Cryptocurrency Prediction,Coinbase Explores Addition of XRP (XRP) and 39 Others to Its Custodial Service – Coinbase Custody
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