Coinbase Approved by NYDFS as a Custody Trust Company
The New York state finance regulator, NY Department of Financial Services (DFS) has approved Coinbase to form Coinbase Custody Trust Company. This is an important step in the evolution of crypto as many institutional investors require a regulated custody service in order to invest. DFS also approved Coinbase to custody several cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Ether Classic, Litecoin and XRP. Source.