Coinbase Custody Conducts First OTC Trade From Cold Storage

Coinbase Custody has conducted its first OTC trade directly from cold storage. Coinbase Custody, the custodial tool of United States-based crypto exchange Coinbase, has completed its first over-the-counter (OTC) trade from cold storage, according to a blog post published on March 13.The post reveals that Coinbase Custody is now directly integrated with Coinbase’s OTC desk, which enables customers to use the OTC desk to price and confirm trades prior to moving funds.The product purportedly provides easy and immediate liquidity on users’ offline funds, meaning that it now takes less time for Custody users to get access to their funds and avoid the waiting period to access them.In February, co-founder and CEO of Coinbase Brian Armstrong outlined what he believes to be four common misconceptions about crypto custody solutions.…