US-based cryptocurrency exchange Coinbase said on Wednesday that its custodial unit, Coinbase Custody, had completed its first over-the-counter (OTC) trade directly from cold storage without transferring the customer’s funds online.
As per the blog post announcing the news, the operation was conducted after Coinbase Custody had been “directly integrated” with the company’s OTC desk. The move represents a “major unlock” for Coinbase’s clients, providing “easy and immediate liquidity on their offline funds”.
“Our clients were loud and clear that they needed access to instant and anonymous liquidity. We’re pleased to take this fir…
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