Coinbase is proud to announce that it has become the first crypto custodian to attain its SOC 1 Type 2 (“SOC 1”) and SOC 2 Type 2 (“SOC 2”) reports.
Coinbase has achieved yet another milestone by being the first crypto custodian to get both of these certificates issued. This proved that Coinbase had been the most trusted and unassertive custodian of crypto assets.
Since Coinbase has been put together with the leading industries and comprehensive insurance policies, such declarations build trust, providing the client, satisfactory results when it comes to the storage, accounting, and manageable care of their digital assets.
As per the client’s perspective, these reports throw light on the procedures and security the firm has in place to provide a first-rate experience at Coinbase. The Coinbase Custody system provides the safest custody solution in the crypto ecosystem, based on the requirements, commitments regarding services and data protection.
Coinbase was founded in 2012, with the main motive of “building trust through compliance.” This spirit of providing their clients with extra-ordinary services impacts all that the firm plans to do.
Beginning from, being awarded as one of the first New York Bitlicenses in 2017, to lately obtaining e-money licenses in the UK and Ireland. Coinbase ideates to create an open financial system in the world.
On carrying it forward, under the New York Department of Financial Services, Coinbase Custody is proud of being licensed as a New York Limited Purpose Trust Company. This proves that the firm is maintaining the same standards of security and auditing as the traditional monetary system.