Coinbase Custody expands European presence with launch in Ireland

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Coinbase Custody goes international with its first-ever office in Europe. Following the launch, the digital asset custody firm will offer enterprise-grade digital asset storage service to its clients in Europe through its regional office set up in Dublin, Ireland.

Coinbase Custody International was launched in 2018 with a vision to provide a myriad of digital asset custodial services and emerge as the world’s most preferred and trusted crypto custodian provider. Two years now and the firm is making great strides in this direction.

With an already established presence in the European markets through substantial client base in the UK, Netherlands, Switzerland, and Germany, it is time the company extends its presence further with a dedicated office in the hub of European business district.

It is Europe calling for Coinbase Custody

On Wednesday, Coinbase Custody International officially announced the launch of its Dublin office that will continue to provide top-notch digital assets custodial services as it has been for the past two years. The institutional custody services, combined with localized expertise and market knowledge, Coinbase Custody International, will conform to local rules and regulations to meet the demands of the investors hailing from this thriving market. 

Following the transition, all the staking operations offered by Coinbase will be moved to Coinbase Custody International, said the company statement. However, an unnamed source from the company added that there is still a certain degree of uncertainty surrounding the tax implications arising due to staking, where the investors obtain crypto rewards for securing Proof-of-Stake (PoS) networks, which is why investors outside of the US do not prefer staking with US-based firms.

Europe is one of the fastest-growing markets for cryptocurrencies. Our plan of action for the next few months would be to add support to more digital assets and enlarge our customer portfolio to gain a strong foothold in this emerging market, the announcement wrote.

Featured Image by Pixabay

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