Coinbase continues to extend its institutional custody offering with new tokens. This time, there are over 35 candidates to be added.
Coinbase to Broaden Token Selection
Being a qualified custodian, which caters to businesses, Coinbase Custody must carefully review each token to avoid possible regulatory issues. Therefore, earning a listing on the platform provides a sign of regulatory approval and points to potential institutional demand.
Although the service operates within American jurisdiction, Coinbase also wants to expand to Asia, according to the latest update.
The full list of the assets currently being explored includes:
Stablecoins / Store of Value
Importantly, none of the assets mentioned above is guaranteed to be listed on Coinbase Custody. Listings depend on multiple factors, specific to various jurisdictions.