Coinbase Approved to Offer Crypto Custody Services in New York

Coinbase has received approval from New York regulators to form a qualified custodial firm for cryptocurrencies. The New York Department of Financial Services (NYDFS) said Tuesday that it granted Coinbase’s application to create the Coinbase Custody Trust Company LLC, as well as approving the Coinbase Trust to offer custody services for bitcoin, bitcoin cash, ethereum, […]

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Coinbase’s New NYC Office to Hire 100 in Wall Street Crypto Push

The crypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients. The digital asset exchange plans to expand the operation to 150 employees next year, from 20 currently. According to the company, the slump in cryptocurrency prices this year has not quelled institutional demand for […]

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Decentralized Crypto Exchange Wants to Tokenize NY Real Estate Market

Decentralized cryptocurrency trading platform AirSwap has announced a new partnership designed to aid in the tokenization of one of the Western Hemisphere’s most expensive real estate markets. That partnership, inked with FINRA-registered broker-dealer Propellr, will see the two firms use AirSwap’s peer-to-peer trading protocol to create a platform that allows brokers and their clients to […]

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New Power Rates Approved for Crypto Miners in Upstate New York

A municipal utility provider in New York got the green light from state regulators to create a new set of electricity rates for cryptocurrency miners. The move by the The New York State Public Service Commission was announced Thursday, allowing the Massena Electric Department to “allow high-density load customers, such as cryptocurrency companies, to qualify for service […]

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