Leading crypto exchange, Coinbase, announced that it’ll provide custodial services for Telegram’s proposed cryptocurrency, GRAM.
In a blog post, the San Francisco-based company announced its support for Telegram’s crypto project. Accordingly, Coinbase Custody, the company’s custodian for institutional investors would provide secure storage for the GRAM token after its release.
Additionally, the custodial service will support two cryptocurrencies, which are Solana (SOL) and Orchid (OXT) tokens.
What are the possible benefits?
Importantly, Coinbase noted that their driving force is customer satisfaction. “The primary factor we consider when deciding which assets to support is our clients’ demand. Majorly around new network launches,” the post reads.
The custodian service allows…