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Coinbase Custody Conducts First OTC Trade From Cold Storage

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.

Armstrong noted that participating in a Proof-of-Stake (PoS) network and earning returns on staked coins does not necessarily imply the latter need to be stored in a hot wallet. He also disentangled the relationship between single-key holders and whether storage is hot or cold, and mentioned hardware security modules, arguing that they can come close to the security of cold storage.

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