US• Экономика » Финансы » Платежные средства » Доллар США Marshals
Service Selects Coinbase
Prime to Securely Manage “
Class 1”
DigitalAssets
US• Экономика » Финансы » Платежные средства » Доллар США Marshals Service Selects Coinbase Prime to Securely Manage “Class 1”
Digital Assets
Author: Wayne Jones
Last Updated Jul 2, 2024 @ 12:54
The US• Экономика » Финансы » Платежные средства » Доллар США Marshals Service selects Coinbase to manage seized digital assets,
showing trust in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange.
The U.S• Соединённые Штаты Америки (США). Marshals Service (USMS) has chosen Coinbase Prime to securely store
and trading of its Class 1 digital assets.
Coinbase Prime, a leading institutional platform offered by Coinbase, was
selected following a rigorous evaluation process conducted by the USMS.
“Class 1” Digital Assets
The USMS assessed multiple solutions before opting for Coinbase based on its
established track record and capability to provide secure, institutional-grade
crypto services at scale.
Today, the U.S• Соединённые Штаты Америки (США). Marshals Service (USMS), an agency within the U.S• Соединённые Штаты Америки (США).
Department of Justice that is responsible for asset forfeiture, announced that
it selected Coinbase Prime to provide custody and advanced trading services
for the agency’s “Class 1” (large cap) digital assets, stated the press
release.
Class 1 digital assets, which include major cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта such as Bitcoin
(BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) and Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum), are important assets managed mainly by the USMS in
support of federal law enforcement efforts.
These assets often originate from various forms of government seizures and
contracts, requiring strict security measures and advanced trading
capabilities.
The partnership seeks to optimize the handling, administration, and
liquidation processes of cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, alongside broadening the spectrum• Объект бренды » Бренды на s » Spectrum
of digital assets handled within government forfeiture initiatives.
The agreement is structured under a single-award Indefinite
Delivery/Indefinite Quantity (IDIQ) contract, with an initial ordering period
spanning five years and the potential for a six-month extension.
Coinbase Prime
Coinbase has had a longstanding commitment to supporting agencies since the
start of its law enforcement program in 2014.
Today, the exchange collaborates extensively with major U.S• Соединённые Штаты Америки (США). federal, state,
and local law enforcement agencies, as well as international counterparts
across all continents. These partnerships are pivotal in advancing the safe
and efficient expansion of the crypto economy, reflecting Coinbase s
core mission.
Coinbase Prime, launched nearly three years ago, has established itself as a
preferred platform for institutions and large holders of digital assets. As of
March 31, 2024, Coinbase reported safeguarding $330 billion in assets and
recording an impressive $256 billion in institutional trading volume in Q1
2024 alone.
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