Coinbase Prime Expands Offerings with Hedera (HBAR) Custody

IconCryptoNewsTerminal Staff18 Jul, 2024

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Coinbase Prime Expands Offerings with Hedera (HBAR) Custody

Coinbase Prime, the institutional arm of popular cryptocurrency exchange Coinbase, has announced the addition of custody services for Hedera (HBAR) to its platform. This move demonstrates Coinbase's ongoing commitment to expanding its support for enterprise-grade digital assets. HBAR is the native token of the Hedera network, a high-performance, enterprise-grade distributed ledger technology. With its fast transaction speeds, low fees, and strong security features, Hedera has gained significant traction in the enterprise blockchain space. By offering custody services for HBAR, Coinbase Prime is catering to the growing demand from institutional investors and enterprises looking to hold and manage their digital assets securely. Coinbase Prime provides a comprehensive suite of custody services, including secure storage, transaction management, and reporting. This integration is a significant milestone for both Coinbase Prime and Hedera. It underscores the growing adoption of Hedera by institutional players and further solidifies Coinbase Prime's position as a leading provider of digital asset custody solutions.

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