Coinbase Custody to Store 21Shares AG Bitcoins
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July 1, 2020
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One of the largest cryptocurrency custodians Coinbase Custody has announced that 21Shares AG chose it to store digital assets for Bitcoin ETP.

Recently iHodl reported that Xetra, Deutsche Börse's digital platform, added support for 21Shares' (formerly Amun), which is linked to the bitcoin's price.

"21Shares selected Coinbase Custody after reviewing our institutional-grade offline storage solution, which includes world-class security, regulatory compliance and insurance coverage," Coinbase wrote in an official announcement.

21Shares AG CEO Hany Rashwan says the company is delighted to bring "this historic product to Europe."

"We are honored to give investors access to the best performing asset class of the last decade and we believe the next ten years as well, through our simple, transparent, and regulated crypto ETP product suite," Rashwan said.

Earlier iHodl reported that Coinbase Custody acquired Xapo’s institutional businesses.

As a result, Coinbase Custody has over $7 billion in Assets Under Custody (AUC) stored on behalf of more than 120 clients in 14 different countries, which makes it the largest custodian on the crypto market.

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