Coinbase Abruptly Adds Support for 70 New Altcoins to Global Custody Service

Coinbase continues to expand its crypto footprint by extending custodial service support to dozens of altcoins for international customers.

In a new announcement, the US-based cryptocurrency exchange say it adds 70 cryptocurrencies to its list of 150+ assets that are part of the Coinbase Custody International cold storage trust in Dublin, Ireland.

“These new assets can only be held through Coinbase Custody International.

They cannot be held through Coinbase Custody Trust Company, LLC.”

Coinbase Custody International is a custodial maintenance for institutional investors with a lot of money. Launched in 2020, it is designed to provide non-US customers around the world with a very secure way to store large amounts of cryptocurrency.

One of the huge list of new assets is: Aioz network (AIOZ), a content delivery network that distributes bandwidth while reducing costs. The project’s website say it is fully interoperable with the Ethereum (ETH) and Cosmos (ATOM) blockchains and is able to provide instant finality and low transaction costs.

Also getting the wink from Coinbase is game swap (GSWAP), a companion platform to Shroom.Finance (SHROOM) that allows gamers to trade non-fungible tokens (NFTs).

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Source: Coinbase Assets/Twitter

Monavale (MONA) is Digitalax’s native token that allows users to custom design digital apparel in the form of NFTs. The project is bringing Creative Commons (CC0) licensing to fashion for the Web 3.0 internet, says in a blog: after its long-term goal is to “become the digital fashion NFT home for all gaming, virtual reality, and metaverses in the crypto ecosystem.”

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Source: Coinbase Assets/Twitter

Telcoin (TEL) is designed to bridge the telecommunications industry and the broader blockchain space by enabling fast transactions, especially global remittances.

killer whale (ORCA) strives to be the most user-friendly decentralized exchange (DEX) on Solana (SOL). Orca is a general purpose automated market maker (AMM) on the Solana blockchain that allows users to trade tokens, wager and earn returns.

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Source: Coinbase Assets/Twitter

Bonfida (FIDA) is built on both Solana and Solana-based Serum (SRM) and aims to be an all-in-one platform for data-driven crypto traders. The platform focuses on metrics such as stock market stats, crypto company rating and scoring, crypto trends, and more.

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Source: Coinbase Assets/Twitter

Celer network (CELR) is a scaling platform designed to enable off-chain transactions in a secure manner.

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Source: Coinbase Assets/Twitter

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses are your sole responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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