Share this article
Grayscale's $2.7 Billion in Crypto Assets Will Now Be Held by Coinbase Custody
Coinbase Custody has inked a three-year agreement to hold Grayscale Investment's digital assets.
By Nikhilesh De
Updated Dec 10, 2022, 8:22 p.m. Published Aug 2, 2019, 2:40 p.m.
Grayscale Investments has tapped Coinbase Custody to serve as the new security provider for its digital asset holdings, the companies announced Friday.
The custodian, which Coinbase CEO Brian Armstrong says already holds $1 billion in assets, will act as the custodian for Grayscale's single-asset and diversified investment products.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Grayscale claims to hold $2.7 billion in total assets under management, according to its most recent quarterly reporthttps://grayscale.co/digital-asset-investment-report-2019-q2/, more than doubling its Q1 holdings of $1.2 billion.
Grayscale holds bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, Stellar lumens, XRP and zcash. Coinbase Custody also intends to hold Grayscale's token, pending regulatory approval to support the asset.
Most of the assets are being transferred to Coinbase Custody from Grayscale's existing security provider, Xapo. The private keys for Grayscale's horizen are also currently being held by the Digital Asset Custody Company, which bitcoin futures platform Bakkt acquired earlier this year.
Coinbase Custody
began holding Grayscale's assets on July 29, according to a press release. Coinbase Custody is regulated through the New York Department of Financial Services, and is a regulated fiduciary under New York's banking law.
, Coinbase Custody CEO Sam McIngvale explained that the business is "held to the same fiduciary standards as national banks. We also offer some of the broadest and deepest insurance coverage in the crypto industry."
He added:
"Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access to digital assets. Grayscale is an established, trusted, and valuable partner to its clients and its service providers should be the same."
Under the agreement, Coinbase Custody will hold Grayscale's assets for three years at the outset, charging a fee based on the assets under custody. Both companies have escape clauses for the three-year period, according to a press release. Once the initial term ends, each company can terminate the partnership with 90 days' notice.
Brian Armstrong image via CoinDesk archives
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Crypto exchange HashKey's shares fall 5% on trading debut in Hong Kong
Investors questioned whether Hong Kong’s dominant licensed exchange can turn surging volumes and regulatory advantage into sustainable profits.
Bilinmesi gerekenler:
- HashKey Holdings' shares fell about 5% in their Hong Kong trading debut, highlighting investor caution despite the company's dominant market position.
- The company reported significant losses due to its ultra-low fee strategy, which has not kept pace with operating costs.
- HashKey's growth is increasingly tied to Hong Kong's regulatory framework, affecting its market outlook.
Top Stories
