Coinbase Custody has recently revealed through its social media accounts that it has around $1.3 billion under its asset under custody (AUC) and expecting to see this figure increase to $2 billion soon.
The crypto-centric company expects that institutional investors will continue to pour in investment into the nascent industry.
Coinbase Custody is a platform specifically aimed for institutional investors which has its CEO and Chief Information Security Officer Philip Martin in the United Kingdom to discuss the institutional cryptoeconomy with a range of prospects and clients.
Currently the company has over 90 clients with around 40% of its customers located outside the United States.
The company noted that it sees cities like London become centers for crypto innovation as the market grows and matures.
It is also noteworthy that Coinbase Custody is said to be the first institutional-grade, qualified custodian to provide its users staking services for cryptocurrencies held in cold storage.
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