Coinbase announces their custodial service now has OTC integration

13 Mar, 2019
by David Borman
Coinbase announces their custodial service now has OTC integration

Today Coinbase announced on twitter and in their blog that they have integrated Over-The-Counter (OTC) trading into their Coinbase Custody service. What this means is institutional traders can now access their cold storage for liquidity in just a few clicks.

The news really only affects institutional traders as the service is agency only and in order to use it the relevant parties must pass Coinbase's KYC and AML requirements. This has caused some on twitter to wonder why the service is being described as "anonymous."

The announcement didn't make much of a splash on twitter, with most users just responding by asking when their favorite coins will be listed.

Still, having direct access to cold storage will no doubt be useful for many institutions and hence this move may prove popular for many of Coinbase's customers. Will other companies do the same? Stick with Chepicap for all updates!

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Read more about:Coinbase

Add a comment

custodial service? coinbase hasn't service at all
13 Mar, 2019 - 22:39
coinbase better be adding proper customer service as it is almost impossible to solve any kind of issue with the help of their existing one
14 Mar, 2019 - 09:37
even here coinbase will steal our data and funds.
22 Mar, 2019 - 19:53
13 Mar, 2019 - 22:41
coinbase wants to deflect attention from the scandal with hackers team )
14 Mar, 2019 - 09:09
if traders can get quick access to funds on coinbase , then someone else will be able to steal them
14 Mar, 2019 - 21:23
maybe firstly coinbase should solve issues of traders that have their accounts blocked on this exchange. the most strange thing about it is that exchange does not explain accounts are being frozen
20 Mar, 2019 - 12:58

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