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Deposit from Coinbase manages a billion dollars

the Bitcoin-exchange-Coinbase is reporting success with its Assets under Management. In March 2018, launched Depot currently already about a billion dollars in

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Deposit from Coinbase manages a billion dollars
the Bitcoin-exchange-Coinbase is reporting success with its Assets under Management. In March 2018, launched Depot currently already about a billion dollars in managed investors ' assets. Much of the money is invested in BTC. In the interest of the investors, in particular, freedom of choice and mobility.

From Polina Khubbeeva
16. May 2019BTC$7.865,00 -5.17%part Facebook Twitter LinkedIn xing mail

Twelve months after the launch of its Depositary Coinbase reveals the current total value of its "Assets under Management" (AUM), i.e. of the assets under custody. At a panel discussion in the framework of the Consensus 2019 Coinbase CEO Brian Armstrong said on 15. May cracked to the Status of the repository:

We [...] recently, the 1-billion-U.S.-Dollar mark in AUM. 70 institutions are registered, with an increase of 150 million US dollars per month. So this is largely a success.

Coinbase, founded the Custody of Service in March 2018. Its principle is based on the fact that investors entrust their money to the company. Coinbase invested in it then, at its sole discretion. As a guide, an Index of the market capitalization of the individual crypto-currencies depending on the serves. The Service is aimed at investors with a turnover of at least $ 200,000 or net assets of at least a billion dollars.

the aim of the launch of a depot, it was, according to Coinbase, "to let big investors in the crypto-Ecosystem is a part of."

large investors want mobility

Armstrong also comments on the specific interests of its large customers. They want to see their money in motion while it is in the Depot. This also means that opportunities for On-Chain Governance are in place. Of On Chain Governance is when Changes to the Blockchain Protocol are approved in the Form of Updates. Developments sees Coinbase CEO Armstrong in the future to increase. The variety of options for part in decision-making and self-management of the reason for this is that large-scale investments in Blockchain-based in the future, more and more popular are, according to Armstrong.

Bitcoin is still a favorite

Bitcoin, the preferred currency for the participating institutions. At the same time, interest in other crypto-growing currencies. Currently, Coinbase offers its financial services to large investors in 30 crypto-currencies.

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