Coinbase has commenced the migration of its on-chain funds, including Bitcoin (BTC) and Ethereum (ETH), to new internal wallets. This strategic move is designed to bolster asset management and security, according to the company. The transition is not influenced by market conditions or user activity, and Coinbase assures that there will be no service interruptions. Customer deposit addresses will remain unchanged, ensuring the security of all funds.
In addition to the wallet migration, Coinbase has recently introduced a platform allowing investors to purchase tokens prior to their exchange listings. The company has also expanded its staking services for institutional clients through Coinbase Prime and Figment, enhancing its offerings for professional investors.
Coinbase Initiates On-Chain Fund Migration to Enhance Security
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