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US Marshals Have Selected Coinbase Prime to Provide Cryptocurrency Custody Services

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Since 2014, Coinbase has been actively collaborating with law enforcement agencies around the globe as part of its program.

  • Coinbase Prime was chosen by the US Marshals Service for the safekeeping and trading of large-cap digital assets.
  • In the first quarter of 2024, Coinbase recorded $256 billion in institutional trading volume while protecting $330 billion in assets.

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Coinbase Prime has been chosen by the US Marshals Service (USMS) to offer custody and advanced trading services for its “Class 1” large-cap digital assets. As per a recent blog post by Coinbase, the agency, which falls under the US Department of Justice, oversees these assets in a centralized manner to aid federal law enforcement efforts.

CryptoCaster Quick Check:

Following an extensive and rigorous evaluation process, Coinbase emerged as the top choice. The company’s proven history of excellence and its unmatched ability to deliver top-tier crypto services for institutions were pivotal in the final decision, as highlighted in the article.

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It is worth noting that a significant majority of the Bitcoin exchange-traded funds (ETF) in the United States, precisely eight out of 10, are proud clients of Coinbase Prime. Since its inception almost three years ago, Coinbase has solidified its position as the go-to platform for institutional investors and significant holders of digital assets.

Additionally, Coinbase has been actively collaborating with law enforcement agencies since 2014, establishing partnerships with key federal, state, and local entities in the US, as well as international agencies worldwide. This strategic alliance underscores Coinbase’s commitment to fostering secure and efficient crypto markets, aligning perfectly with the company’s overarching mission.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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