NY gives Coinbase the green light to offer crypto custody services

Cryptocurrency exchange giant Coinbase has received an approval for custody services for several crypto assets, according to recent news. A Coinbase application was approved for Coinbase Global, Inc. to act as a regulated trust company.
According to a report by Finance Magnates, Coinbase “had its application approved for its wholly-owned subsidiary, Coinbase Global, Inc., to operate as a limited purpose trust company”.
This approval officially allows Coinbase to hold cryptocurre