Coinbase Custody Expand Operations to Europe via Its Ireland Office

Coinbase Custody, the standalone, independently-capitalized bitcoin (BTC) and crypto custodial platform from the stables of Coinbase exchange have announced the launch of Coinbase Custody International. The firm says the new European arm will enable it to offer its institutional-grade crypto asset storage to its clients in the region in a localized way, according to a blog post on January 30, 2020.

Coinbase Custody Launch Dublin Office

As part of efforts to offer its European clients the most robust digital assets coverage, Coinbase Custody has launched Coinbase Custody International Ltd, an institutional-grade crypto custodian that will operate from Dublin, Ireland.

As stated in its blog post, the new Dublin office will provide users with the same “industry-leading” enterprise-grade custodial services as Coinbase Custody, and it will also support all staking services available on Coinbase exchange.

What’s more, the firm has made it clear that though it has been offering its European customers residing in the United Kingdom, Germany, Finland, Switzerland and others, since 2018, the new European office will enable it to localize its services in total compliance with local laws, local employees, localized SLAs and more.

Coinbase said:

“Our growing and experienced staff in Dublin and London have allowed us to expand our SLAs to fully cover European-based clients. Our SLAs are available from 9 AM through 2 AM GMT (1 AM through 6 PM PT), providing our users with almost round the clock support.”

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At present, Coinbase Custody claims to support more than 30 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC), among others. However, the firm says it plans to list more digital assets and roll out new features in the coming months.

With nearly $2 billion in assets under custody, Coinbase custody is arguably one of the largest bitcoin custodians in the cryptoverse, and the platform has been doing its best to accelerate crypto adoption globally.

As reported by BTCManager in March 2019, Coinbase Custody launched its Tezos (XTZ) staking service for institutional investors.

While experts have cited the lack of widespread crypto custodial services as one of the issues hindering mainstream adoption of bitcoin and altcoins, the problem could soon be a thing of the past as more and more financial institutions are now rolling out custodial services.

On January 24, 2020, reports emerged that lawmakers in Hawaii have introduced a bill that will enable traditional banks to offer crypto storage services to clients.