Coinbase Custody has ‘proclaimed‘ immediate support for the mainnet iteration of the KIN token on yesterday at 30th April.
As ‘reported‘ earlier, KIN token is a digital currency created by Canadian organization named ‘Kik Interactive’ of Kik Messenger fame. KIN was originally developed on the Ethereum [ETH] and Stellar [XLM] networks and is presently functional on its own ‘blockchain‘ [a fork of Stellar].
“KIN holders would presently get benefit from Coinbase Custody’s industry-leading offline storage platform as well as coverage,” they added.
Coinbase Custody is a custodial service offered by San-Francisco-based platform named ‘Coinbase’. [Coinbase Custody] was primarily proclaimed earlier on 16th November. 16, 2017 and was ‘launched‘ later on 2nd July, last year. As reported earlier, the projects main goal is to offer robust security of cryptocurrency assets, that in ‘keeping‘ with Coinbase has been institutional investors’ “‘number one’ concern.”
Even earlier in 2019, Coinbase Custody has continued to expand its capabilities. Coinbase Custody has become directly ‘integrated‘ with the Coinbase. OTC [Over-The-Counter] trading desk, with the intention of quickening the flow of a user accessing the offline funds. [Coinbase Custody] has additionally begun to ‘maneuver‘ into the staking, that POS [Proof-of-Stake] cryptocurrency networks employ to incentivize user activity.