Coinbase Offers Custody Support for Six Little-Known Altcoins, Including Four DeFi Tokens

Coinbase has added support for custodial services for a half-dozen altcoins, including four decentralized finance (DeFi) tokens, as part of its ongoing crypto expansion. According to a news release, the Coinbase Custody cold storage trust, situated in the United States, has added six more cryptocurrencies to its roster of 200+ assets. Coinbase Custody now supports deposits and withdrawals for $BFC, $C98, $DODO, $MTL, $PROM and $REEFDetails here → https://t.co/HtybLZye3z pic.twitter.com/ZnmLXncD9N — Coinbase Assets (@CoinbaseAssets) April 28, 2022 Coinbase Custody is a custody solution for large institutional investors. It was founded in New York State to provide clients with a safe and secure means to store vast quantities of cryptocurrency. Bifrost (BFC), which advertises itself as the world’s first blockchain middleware, a DeFi protocol built on Kusama, is the first to receive Coinbase’s approval (KSM). Engineers will be able to quickly make on top of numerous blockchains and mix the most delicate features of many protocols using the platform. Last November, the company launched its open-source, decentralized Biport Wallet. Bifrost jumped from a weekly low of $0.13 to above $0.15 overnight but has since corrected, with BFC now trading at $0.14, up 4.63 per cent. Next up is Coin98 (C98), an Ethereum-based DeFi platform that claims to be an “all-in-one” DeFi platform where users may exchange, stake, borrow, lend, and receive c...