US Marshals Service Chooses Coinbase Prime for Digital Asset Management: A $32.5 Million Partnership
The U.S. Marshals Service (USMS) has partnered with Coinbase Prime to manage and trade large-cap digital assets, in a deal worth $32.5 million. This landmark agreement marks a significant step for both organizations and underscores the increasing institutional acceptance of cryptocurrency.In a Coinbase announcement, the platform announced that the DOJ division is partnering with Coinbase Prime to provide custody and advanced trading services for its digital asset holdings. The USMS, a division of the U.S. Department of Justice, selected Coinbase Prime to safeguard and trade its large-cap digital assets, after a comprehensive process. The contract includes providing advanced trading capabilities alongside secure storage.
Why Coinbase Prime?
The US Marshals Service (USMS) has selected Coinbase Prime to safeguard and trade its large-cap digital assets. The custody services contract is valued at $32.5 million. This decision follows a thorough evaluation of several potential partners, with Coinbase Prime ultimately chosen for its robust security infrastructure, compliance protocols, and advanced trading tools.
What This Means for Crypto
Coinbase Prime has secured a $32.5 million contract with the U.S. Marshals Service to manage large-cap digital assets. This partnership signals a growing trust in regulated crypto platforms from government agencies. As digital assets continue to gain mainstream recognition, collaborations like this become increasingly crucial in shaping the future of finance.