Coinbase Custody Partner Paid $80,000 Fine for ‘Putting Customer Assets at Risk’


Cryptocurrency exchange and brokerage giant Coinbase announced this week, to much fanfare, that it had onboarded 10 customers for its new institutional-grade custody service. However, it seems that the firm’s partner in the venture, Electronic Transaction Clearing (ETC), has a less-than-stellar reputation when it comes to safeguarding customer funds. Though Coinbase is in the process

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Posted by Josiah Wilmoth on July 4, 2018 @ https://www.ccn.com/coinbase-custody-partner-paid-80000-fine-for-putting-customer-assets-at-risk/

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