Institutional Partnership Fuels Optimism for Coinbase’s Future

A major new institutional custody agreement is generating positive momentum for Coinbase, potentially signaling a pivotal shift for the cryptocurrency exchange. The deal arrives at a crucial time, as the company seeks to move past a recent quarterly earnings report that fell short of analyst expectations.

In a significant endorsement, The Smarter Web Company (SWC), the United Kingdom’s largest publicly-listed Bitcoin holder, has chosen Coinbase Institutional to provide custody services for its multi-billion dollar treasury. This partnership extends beyond a simple client acquisition; it serves as a powerful signal of growing institutional confidence in Coinbase’s security infrastructure and operational capabilities.

SWC will utilize the Coinbase Prime platform to safeguard its rapidly expanding Bitcoin reserves. This... Read more...