Recent updates about the operations of cryptocurrency exchanges is the main focus in today’s edition of Bitcoin in Brief. Stories include the official opening of Coinbase Custody, a spat between Hitbtc and John McAfee, the relaunch of the BTCC exchange and Huobi’s postponement of Hadax voting.
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Coinbase Custody Opens
Coinbase has announced that its new institutional offering Coinbase Custody, that last week accepted its first deposit, is now officially open for business. The service will be onboarding crypto hedge funds, exchanges and ICO projects over the coming weeks. It is a combination of cold storage, an institutional-grade broker-dealer and reporting services, and a client coverage program.
Coinbase Custody leverages the expertise and systems of Electronic Transaction Clearing (ETC), a SEC-registered broker-dealer and FINRA member. It provides secure storage for institutions in both the US and Europe, and the company hopes to bring this offering to Asia as well before the end of the year. The service currently supports BTC, ETH, LTC and BCH. And as we previously reported, it is expected to open the floodgates for big institutional money looking for cryptocurrency exposure.
“As crypto continues its maturation as an asset class and more institutions enter the space, Coinbase is committed to delivering products and services that are tailored to their unique needs. Coinbase Custody delivers the trusted storage service that our clients need to fully immerse themselves in the potential that crypto assets provide. We look forward to delivering more offerings over the coming months,” the company stated.
Hitbtc Hits Back at McAfee
Hitbtc, the Hong Kong-based exchange, has responded to John McAfee’s accusations on Twitter that the venue is “killing poor people”. The provocateur and former
