Coinbase Completes First OTC Crypto Trade Directly From 'Cold' Storage
Coinbase Custody has just completed its first over-the-counter (OTC) trade directly out of cold, or offline, storage.
Connecting the two departments means clients can leverage the OTC desk without needing to move funds out of cold storage, according to the post.
Announcing the news in a blog post on Wednesday, the San Francisco-based cryptocurrency exchange said the trade occurred after its Custody service had been “directly integrated” with the OTC desk at Coinbase Pro.
Being able to trade while their funds are held safely in cold storage is a feature that we've heard loud and clear that our customers want,- said Sam McIngvale, CEO of Coinbase Custody Trust.