Coinbase Custody To Provide Custodial Services To iTrustCapital For Retail Client Digital Assets
The growth and adoption of cryptocurrencies requires trusted partners capable of safely securing and providing liquidity for these digital assets. Recently, iTrustCapital announced that Coinbase Custody will provide digital asset custodial and liquidity services for its large retail client base within the tax-advantaged crypto IRA sector.
Against the backdrop of an uncertain macroeconomic and geopolitical landscape, the decentralized nature of Bitcoin and other cryptocurrencies has risen in appeal. As estimated by KPMG, as of May 2023, decentralized finance represents $47.479 billion of liquidity stored across various blockchains.
In the present, with the U.S. elections nearing, the anticipation of further China stimulus and the U.S. Federal Reserve further reducing rates, Bitcoin could be nearing a new high; an indication that investors are allocating more to the …
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