Cryptocurrency wallet and exchange startup Coinbase is launching a new storage service aimed specifically at institutional investors.
Coinbase Custody, CEO Brian Armstrong wrote in a new blog post published today, is aimed at those who have a minimum of $10 million in deposits. In order to utilize the service, users would need to pay the initial $100,000 set-up fee, along with a 10 basis point fee per-month on the coins stored within the system (although these prices could change over time, Coinbase added).
After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow, November 12, 2017.
Over the past decade, companies with almost no physical assets have turned out to be the most successful businesses in their respective industries. Bitcoin is leading the digitalization of the global monetary system and is en route to competing against existing fiat currencies and the finance industry.