Coinbase Institutional Announces Changes to Custodial Services
Coinbase Institutional has made an announcement regarding its custodial services on its Coinbase Prime platform, indicating that support for 49 digital assets will cease by month’s end. This decision comes as part of the platform’s ongoing assessment process, which ensures that all supported assets adhere to its established criteria.
Assets Slated for Removal
The assets slated for removal from custody include various tokens such as:
- VideoCoin (VID)
- Coffee Token (CFT)
- BOSAGORA (BOA)
- Sentinel Protocol (UPP)
- Cellframe (CELL)
- UniLend Finance (UFT)
In total, the full list encompasses assets like Carry (CRE), 0chain (ZCN), and Telcoin (TEL), alongside numerous others, rounding out a diverse collection of 49 tokens.
Commitment to Asset Evaluation
Coinbase’s regular evaluations position them to maintain a strong asset portfolio, enhancing the platform’s integrity and reliability for institutional investors.
