THELOGICALINDIAN - More tokens accompany Coinbase Custody this time Elrond Fantom and NKN accept been added
Coinbase Custody has aloof added Elrond, Fantom, and NKN in the latest badge advertisement annular of 2024.
Coinbase Listing Spree Focuses on Institutions
The American crypto barter has added abutment for Elrond, Fantom, and NKN on its institutional service.
The three tokens are now accessible via Coinbase Custody. The account takes aegis of its users’ funds and is primarily aimed at beyond calibration investors.
The barter has been active abacus abutment for new tokens this month. Last week, the belvedere added mStable’s MTA token, as able-bodied as ANKR. Before that, Rally and BarnBridge‘s tokens were added. All of the contempo additions are associated with DeFi.
The amplification suggests that the aggregation is added eyeing institutions as a ambition market.
In accession to Coinbase Custody, the barter uses Coinbase Prime to allure “asset managers, corporates, barrier funds, VCs, aerial net account individuals, endowments, ancestors offices, clandestine abundance managers, and absolute abundance funds.”
Last week, the aggregation rebranded its Twitter folio to Coinbase Institutional.
With an accretion cardinal of big players entering the crypto space, it seems that the company’s action involves absorption on its institutional brand.
Disclosure: Ankr is a sponsor of Crypto Briefing.
