Increased Exposure To US Institutions Through The Most Reputable Digital Assets Custodian. eGold is Now On Coinbase Custody.

Beniamin Mincu
·
Jan 28, 2021
·
2 min read
https://custody.coinbase.com/

Institutions and large market actors get strategic exposure to assets through processes that require working with a qualified, regulated and trusted custodian.

Coinbase Custody is one of the largest and most reputable providers of custodial services for digital assets in the US. By listing on Coinbase Custody US institutional players get increased exposure to the Elrond ecosystem.

Coinbase Custody offers access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange businesses since 2012. The digital assets custodian is an independent, NYDFS-regulated entity that offers a sophisticated and reliable custody solution.

Conversion of ERC20 EGLD tokens into native EGLD tokens is possible through our token bridge, giving Coinbase Custody customers the option to withdraw directly through it onto our mainnet.

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Coinbase Custody

Launched in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange businesses since 2012. Coinbase Custody is an independent, NYDFS-regulated entity built on Coinbase’s crypto-first DNA, offering the most sophisticated and reliable custody solution in the world. All digital assets are segregated, held in trust for the benefit of our clients and protected by an industry-leading insurance program. Coinbase Custody currently offers support for 90 assets.

For more information, visit https://custody.coinbase.com/


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Written by
Beniamin Mincu
CEO, Elrond Network