The U.S. Marshals Service Selects Coinbase for Cryptocurrency Trading and Custody Services

The U.S. Marshals Service (USMS) has chosen Coinbase as its partner for storing and trading digital assets. This decision comes after a rigorous selection process aimed at identifying a suitable platform capable of handling high-capitalization digital assets.

The USMS is a critical arm of the U.S. Department of Justice responsible for asset forfeiture. Its selection of Coinbase underlines the platform's robust capabilities in securely managing institutional-grade cryptocurrency services.

Coinbase will serve the USMS through its Coinbase Prime service, designed specifically for institutions and significant digital asset owners. This service is both commercially and publicly accessible, positioning itself as a primary platform for numerous spot cryptocurrency ETFs.

The selection process conducted by the USMS evaluated several solutions, ultimately choosing Coinbase due to its extensive track record and ability to provide secure, institutional-level cryptocurrency services.

Furthermore, it was reported earlier that a significant bitcoin holder transferred 1000 BTC after six years of dormancy, directing these assets to the Coinbase Prime platform. This move further emphasizes the trust and reliability institutions place in Coinbase for handling substantial digital transactions.

This partnership marks a significant milestone for Coinbase as it continues to expand its institutional client base, providing a secure and reliable service for high-stakes digital asset management.

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