
Author: Sahil Thakur
The US Marshals Service (USMS) has awarded Coinbase Prime a $32.5 million contract to safeguard and trade its large-cap digital assets. This decision, made after thorough due diligence by the USMS, part of the US Department of Justice responsible for asset forfeiture, highlights Coinbase Prime’s reputation for strong security and reliable service. Many institutional investors already trust Coinbase Prime for trading and storing digital assets securely.
The contract comes amidst an SEC crackdown on Coinbase and the crypto industry. In response, Coinbase has filed a lawsuit against the SEC and FDIC, seeking documents on regulators’ classification of crypto tokens and their actions against the crypto industry.
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