Coinbase is expanding its institutional custody solution for cryptoassets in Europe with the launch of Coinbase Custody International, which will be based in Dublin.
The new entity will offer the same cryptoasset storage services as the firm’s existing custody offering, Coinbase Custody.
“Coinbase Custody International’s mission is to provide the broadest digital asset coverage of any institutional-grade custodian. While Coinbase Custody has served European-based clients in the UK, Switzerland, Germany, Finland, the Netherlands and more since 2018, our dedicated presence in Europe will allow us to offer these services in a completely localised way, with local staff, localised service level agreements (SLAs) and in compliance with local laws,” says the firm in a release issued today.
Coinbase says that Europe is its fastest growing geographic segment and that today’s launch is a direct result of institutional client demand in the region.
“By offering our services from the same region in which our clients are located, it’s our goal that they will benefit from greater legal and regulatory clarity. Our growing and experienced staff in Dublin and London have enabled us to expand our SLAs to fully cover European-based clients,” adds Coinbase in the release.