Coinbase Custody
4
10
Coinbase is a digital currency wallet and platform for transactions with new digital currencies like bitcoin, ethereum, and litecoin.
Strengths
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Security
Robust security measures to protect digital assets
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Reputation
Well-established and trusted brand in the cryptocurrency industry
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Ease of Use
User-friendly interface for managing digital assets
Weaknesses
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Limited Cryptocurrencies
Supports a limited number of cryptocurrencies compared to other custodial services
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High Fees
Relatively high fees for custody services
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Limited Jurisdictions
Not available in all jurisdictions, limiting its potential customer base
Opportunities
- Opportunity to expand its customer base as the cryptocurrency market continues to grow
- Potential to increase its offerings of supported cryptocurrencies
- Opportunity to form partnerships with other companies in the cryptocurrency industry
Threats
- Potential changes in regulations could impact the company's ability to operate in certain jurisdictions
- Increasing competition in the custodial services market could impact Coinbase Custody's market share
- Potential for cyber attacks or security breaches could damage the company's reputation and customer trust
Ask anything of Coinbase Custody with Workflos AI Assistant
https://coinbase.com/
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Coinbase Custody Plan
Coinbase Custody charges a $100,000 setup fee and 10 basis points per month for version 1.0, with discounts for higher versions.
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