Coinbase Launches a Custody Service

Coinbase Launches a Custody Service

Crypto exchange Coinbase announced new Custody Service made for hedge funds, exchanges, ICO teams and private clients capable of depositing at least $10 million. The service has begun to operate last week. At the moment, the exchange holds around $20 billion in crypto and hopes to bring in $10 more million with Custody. According to the first announcement in November 2017, clients will be obligated to pay $100,000 as a set-up fee and a 10 basis point fee-per-month on the assets held. Currently the service is only available for clients in the United States and Europe, but by the end of 2018 Coinbase promises to open up for Asia, too.

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