DOJ Division Chooses Coinbase As Partner To Custody $32M In Assets
Portfolio Pulse from Murtuza Merchant
The U.S. Marshals Service has selected Coinbase Prime (NASDAQ:COIN) to custody and trade $32M in large cap digital assets. This decision highlights the growing trust in Coinbase's secure infrastructure and its role in institutional digital asset management.
July 01, 2024 | 6:02 pm
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Coinbase Prime has been selected by the U.S. Marshals Service to custody and trade $32M in large cap digital assets. This partnership underscores the trust in Coinbase's secure infrastructure and its role in institutional digital asset management.
The selection of Coinbase Prime by the U.S. Marshals Service to manage $32M in digital assets demonstrates significant trust in Coinbase's capabilities. This partnership is likely to boost investor confidence and positively impact Coinbase's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100