Coinbase Custody Launches Support For Mainnet KIN Tokens
Coinbase Custody has announced support for the mainnet iteration of the KIN token.
KIN is a cryptocurrency created by Canadian organization Kik Interactive of Kik Messenger fame. The token was originally developed on the Ethereum and Stellar networks and now operates on its own blockchain.
“KIN holders can now benefit from Coinbase Custody’s industry-leading offline storage platform and insurance coverage,”
Coinbase Custody is a custodial service provided by San-Francisco-based platform Coinbase. Coinbase Custody was first announced on November 16th, 2017 and launched on July 2nd, 2018 and its main goal has been to provide robust security of crypto assets, which according to Coinbase has been institutional investors’ “‘number one’ concern.”
Coinbase Custody is now directly integrated with the Coinbase over-the-counter (OTC) trading desk, with the intention of speeding up the process of a user accessing offline funds.