Coinbase’s cryptocurrency custodial service is open for business

Coinbase’s cryptocurrency custody service is officially open for business, the company announced on its blog today. The service will be offered through its subsidiary, Coinbase Custody. Coinbase already acts as a custodian for the customers of its cryptocurrency exchange desk Coinbase PRO (formerly, GDAX). But the new service will cater specifically to institutional investors. “Coinbase Custody is a combination of Coinbase’s battle-tested cold storage for crypto assets, a