This news was originally published on Coinbase - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of the most reliable news teams in the industry, provides up-to-date news and insightful analysis. For more follow the link below.
Coinbase Custody to Cover Additional Crypto Assets
On August 3, 2018, Coinbase declared that it was investigating the likelihood of including new crypto resources, for example, XRP, EOS, and Monero to Coinbase Custody. The graph underneath demonstrates the extra resources:
In this effort, Coinbase Custody is partnering with ETC (Electronic Transaction Clearing). Their purpose is to provide custodial services to selected financial institutions and hedge funds worldwide.
ETC is registered by the Securities Exchange Commission (SEC) and is a member of the Financial Regulatory Authority. ETC focuses on trade processing, custody, and clearing.
The announcement also indicates that the new cryptocurrencies will not be added to other Coinbase products. To do so, they must first pass Coinbase’s Digital Asset Framework. This process involves a review by an internal committee of experts whose responsibility is to verify whether a crypto asset satisfies the criteria set by the framework.
Investors Demand Reliable Custody Before Allowing Big Money to Flood the Market
Bitcoin is as of now defeating specialized issues, for example, versatility. Notwithstanding, a few obstructions stay, preventing huge budgetary foundations from emptying enormous cash into the crypto showcase. Undoubtedly, as per Robert Dykes, composes:
However, to attract this kind of money into the market, Dykes adds, “the crypto industry needs to provide the facilities and tools these big-money players are used to.”
Coinbase announce ETC custody at Aug 4 that "Today, our engineering team is beginning final testing of support for Ethereum Classic (ETC) on Coinbase. We are making this announcement consistent with our process for adding new assets."
After Coinbase announcement ETC price getting so high. The Chart is
The above chart explain that when coinbase will add the mention coins then its price should be so high. So friends its is the time to get more profit for those coins.
For more information you may please contact with below--
✔ Visit my personal blog site. http://www.cryptocapinfo.com/
✔ My Twitter: https://twitter.com/CryptoLead
✔ Linkedin: https://www.linkedin.com/in/affiliate-marketer-ppc/
Thanks
@g7technology