Coinut Exchange Partners with Coinbase Custody for Digital Asset Security | Taiwan News

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SINGAPORE – Media OutReach – 13 April 2023 – Coinut, a cryptocurrency exchange, has taken a step towards offering customers a more secure platform by partnering with Coinbase Custody. The move follows a series of alarming incidents in the crypto sector, such as the FTX collapse and the crash of LUNA, to ensure the safety of digital assets or cryptocurrencies held by clients.

Coinbase, a global crypto company, is registered with FinCEN and holds a BitLicense in the State of New York. Additionally, it has obtained various licences and regulatory approval from different parties worldwide, including the Monetary Authority of Singapore (MAS). Coinbase Custody is capable of securely storing over 360 different assets, with $320 million in insurance protection.

Xinxi Wang, founder & CEO of Coinut, said, “As an exchange, we have a responsibility of taking good care of our clients’ assets. Engaging Coinbase Custody to hold these assets is part of our commitment in upholding our fiduciary duty to the best of our abilities.”

RISK DISCLOSURE:

Investing in digital payment tokens, such as cryptocurrencies, is never guaranteed and holders may incur a loss of capital. It is essential for investors to be aware of the risks associated with high price volatility and downturns in the market, bankruptcy, seizure, and other factors. Hence, it is important to set risk tolerance, investment appetite or capacity for loss before making any decisions. For more information, please visit MAS’ website.

Coinut.com is a financial entity regulated as a Money Services Business in Canada and an exempt entity under the Payment Services Act in Singapore. Please be reminded that cryptocurrency trading is highly risky and is not suitable for the general public. For more information please refer to Risk Warnings and Risk Statements.

About COINUT
Coinut (Coins U Trust) is a Singapore-based cryptocurrency exchange platform that offers secure, fast, user-friendly, and low transaction fees. It utilizes an offline wallet and semi-manual process of big withdrawals for fraud protection. It allows the trading of cryptocurrencies and stablecoins (BTC, LTC, ETH, USDT, XSGD) on the platform, with deposits done using debit/credit cards and mobile payment apps. Coinut was established by one of the Co-founders of the Litecoin Foundation in 2013, and is one of the earliest crypto exchanges in Singapore. It has a subsidiary in Canada and is regulated as a Money Service Business in Canada and an exempt entity under the Payment Services Act in Singapore. The exchange has 1.5M global users.

About COINBASE PRIME
Coinbase Prime is the leading institutional prime broker platform for crypto assets. Coinbase Prime is a fully integrated platform built specifically for institutions to support the entire transaction lifecycle including advanced multi-venue agency trade execution for 200 assets, custody for more than 360 assets, financing, staking and staking infrastructure, data and analytics, and reporting.

Institutions can access Coinbase Prime directly via a user interface or as an integrated platform via APIs to offer crypto related products such as ETPs and ETFs, custodial solutions, or brokerage for their institutional, private wealth, and retail clients.

To learn more about Coinbase Institutional’s solutions, including more information about Coinbase Prime, click here.
Hashtag: #coinut #coinbase #partnership #crypto #custody #blockchain #cryptoexchange #cryptocurrency #coinbaseprime #crypto-security

The issuer is solely responsible for the content of this announcement.

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