Coinbase Adds Custody Support for 12 Altcoins

Leading US-based crypto exchange Coinbase is adding to its burgeoning arsenal of digital assets by extending custodial services to a dozen altcoins.

Coinbase says it’s adding 12 new virtual assets to the growing roster of cryptocurrencies that are part of the Coinbase Custody trust.

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Coinbase Custody is a custodial service for institutional investors who want to store large amounts of crypto assets.

The first token added was crypto lending platform Celsius Network (CEL), a decentralized finance (DeFi) network that lets users receive interest on deposited crypto assets. CEL is exchanging hands at $3.32 at time of writing

Next up is Cronos (CRO), the native asset of Singapore-based crypto exchange platform Crypto.com followed by decentralized application development platform Holochain (HOT).

CRO and HOT are trading at $0.45 and $0.005, respectively.

Following those are Magic Internet Money (MIM), the dollar-pegged stablecoin of the Abracadabra.money decentralized lending platform and Ethereum-based corporate credit marketplace Maple (MPL).

MIM is trading sideways at $0.97 while MPL has surged 10% on the day and is exchanging hands for $44.81 at time of writing.

After that comes Ethereum-based (ETH) token ParaSwap (PSP), a multi-chain decentralized exchange network, and Binance USD (BUSD), a stablecoin issued by crypto exchange platform Binance. PSP has seen a sharp drop on the day, falling 13% to $0.12.

The next digital assets up are crypto lending platform Nexo (NEXO) and Polkadot-based decentralized cross-chain fundraising protocol Polkastarter (POLS). NEXO and POLS are trading for $2.29 and $1.42, respectively.

Following NEXO and POLS are decentralized advertising crypto project YOUcash (YOUC) and Moss Carbon Credit (MCO2), an environmentally friendly token that lets users combat climate change.

YOUC is trading $0.101 at time of writing, a 21% increase on the day while MCO2 is trading sideways at $10.13.

Last is Circuits of Value (COVAL), the Ethereum-based token that powers crypto streamlining service Emblem. COVAL is trading for $0.44 at time of writing, a 3.5% drop on the day.


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