Coinbase Custody is a registered regulated broker-dealer SEC and a FINRA member developed in collaboration with Ethereum Classic (ETC) which pairs the Coinbase cryptocurrency exchange platform with ETC for trading encrypted securities and tokens. While Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ethereum Classic (ETC) are already available on Coinbase Custody, the company announced the intention to add support for Monero (XMR ), as well as for XRP (XRP) and Dash (DASH).
As a result, Coinbase plans to add more ERC20 tokens to its Custody platform.
We are pleased to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for ERC20 resource support for Coinbase products in the future, even if we are not announcing support for specific activities or features right now. We are announcing this both internally and to the public in a manner consistent with our process of adding new resources.
Coinbase Custody plans to add Monero (XMR)
It appears that the cryptocurrency exchange company based in the United States, Coinbase, works on the listing of Monero (XMR), together with XRP (XRP) and Dash (DASH), on its Coinbase custody for the institutional investment platform.
However, this announcement refers only to Coinbase Custody and not to the cryptocurrency exchange platform owned and operated by Coinbase. Therefore, Coinbase aims to add new digital resources only for archiving purposes and not for encryption.
Coinbase Custody is exploring the addition of many existing and future cryptographic resources just for storage and will work to add them as quickly and securely as possible. Currently, we have not yet considered these assets for trading . These assets are considered by the Custody only at this time and this announcement has no influence on products based on trade.
According to the announcement of the Coinbase Custody, the platform will actually integrate Monero (XMR), along with XRP (XRP) and Dash (DASH), but these resources will not be added to the exchange platform yet. of Coinbase cryptocurrency.