Coinbase Custody has officially announced that it will provide custodial services to Ripple’s XRP that’s just overtaken Ethereum for the number 2 spot in market capitalization.

The custodial arm of Coinbase has been working on the listing since October when word of a possible listing first broke out. The custodial services provider is still exploring a bunch of other altcoins which will get listed over time.

Coinbase recently received a BitLicense from the New York Financial Department that allows it to act as an independent custodian.

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