Coinbase continues to significantly expand its cryptographic footprint by expanding its storage service support to more than 12 altcoins.
In the new announcement, a US-based cryptocurrency exchange To tell 16 new cryptocurrencies have been added to the roster of over 200 assets that are part of the Coinbase Custody Cold Storage Trust.
Coinbase Custody is a custody service for institutional investors with large amounts of money. It is chartered in New York and is designed to provide clients with a very secure way to store large amounts of cryptocurrencies.
The first nod from Coinbase is CPUcoin (CPU), a provider of computing power for decentralized applications (DApps) called Airbnb, a CPU / GPU solution.
Next is CRE, the native token of Carry Protocol. It’s an ecosystem that helps consumers both protect and monetize their data while engaging with sellers and advertisers.
Coinbase Custody also adds Convex Finance (CVX), a yield-optimized decentralized finance (DeFi) protocol built on top of Curve Finance (CRV).
Another ERC-20 token that participates in Coinbase Custody is Lumerin (LMR). It routes data to the Web3 Internet with the goal of decentralizing blockchain mining hash power through open marketplaces and smart contracts.
The Distributed Oracle Nest Protocol (NEST) focuses on ensuring DeFi price accuracy.
Umee (UMEE) is a DeFi platform that users can rent and rent.
Also on the Coinbase Custody roster is Wrapped Ampleforth (WAMPL), a wrap version of the Ampleforth (AMPL) DeFi token that seeks to achieve a price-supply equilibrium.
The privacy and scalability ecosystem Oasis Network (ROSE) is a medium-sized Ethereum competitor that claims to be the first blockchain network to support sensitive smart contracts.
The last ERC-20 token added is Decentralized Social (DESO). This is a Layer 1 blockchain project aimed at redefining the nature of social media applications by resolving scalability limitations and protecting users and content creators from central privileges.
The open-world metaverse game Highstreet (HIGH) offers virtual real estate and an online shop with full-fledged limited edition products. Gameplay can be run via VR on standard computers as well as smartphones.
The last altcoin added to Coinbase Custody is Alkemi Network DAO (ALK). It is working to close the gap between centralized finance with DeFi through a “liquidity network for institutional investors”.
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