Coinbase Custody Adds Support for 16 Altcoins, Including 13 Ethereum-Based Tokens

Coinbase continues to expand its crypto footprint in a major way by extending custodial services support to more than a dozen altcoins.

In a new announcement, the US-based cryptocurrency exchange says it’s adding 16 new cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust, a baker’s dozen of which are built on Ethereum (ETH).

Coinbase Custody is a custodial service for institutional investors with big money. It’s chartered in New York State and designed to give clients a highly secure way to store large amounts of cryptocurrency.

First getting the nod from Coinbase is CPUcoin (CPU), a provider of computing power for decentralized applications (DApps) which calls itself the Airbnb of CPU/GPU solutions.

Next up is CRE, native token of the Carry Protocol, an ecosystem that helps consumers both protect and monetize their data while engaging with merchants and advertisers.

Also added to Coinbase Custody is Convex Finance (CVX), a yield optimization decentralized finance (DeFi) protocol built on top of Curve Finance (CRV).

Project Galaxy (GAL) enables people to collect digital credentials through online behavioral data. The Web3-focused project seeks to build “an open and collaborative credential data network… to build better products and more engaging communities.”

Another ERC-20 token joining Coinbase Custody is Lumerin (LMR) which routes data for the Web3 internet with an aim of decentralizing blockchain mining hash power through an open marketplace and smart contracts.

Jupiter (JUP) is a Singapore-based project which offers a variety of products, including Gravity for DApp development, the Leda marketplace to mint and sell non-fungible tokens (NFTs), as well as the Jupiter wallet.

Decentralized oracle Nest Protocol (NEST) is focused on ensuring price accuracy for DeFi.

Umee (UMEE) is a DeFi platform that allows users to both borrow and lend.

XSGD is a stablecoin that aims to peg to the…