Coinbase Custody Reveals It Expects to Have $2 Billion in Assets Under Custody ‘Soon'

Coinbase Custody has recently revealed on social media that it holds a total of $1.3 billion in assets under custody (AUC), and that it expects the number to rise to $2 billion “soon,” presumably as institutional investors keep entering the space.
Through a tweetstorm, Coinbase Custody, a platform specifically aimed for institutional investors, revealed the company’s CEO Sam McIngvale and its chief information security officer Philip Martin were in the United Kingdom recently to “discuss the institutional cryptoeconomy with a range of prospects and clients.”