Shares of Coinbase Global (COIN) rose 4.2% on Tuesday after the company announced that it had become custody partner of Facebook’s (FB) new digital wallet, Novi. Coinbase provides end-to-end financial infrastructure and technology for the crypto economy. With the help of Novi, people will be able to send and receive money abroad instantly, securely and free of cost. Its users can buy Pax Dollars through their Novi account and transfer them to each other instantaneously. (See Coinbase stock charts on TipRanks) Coinbase’s role will be to keep these funds safe via Coinbase Custody Trust Company, a qualified custodian.
https://www.tipranks.com/news/coinbase-becomes-custody-partner-of-facebooks-digital-wallet-stock-up?utm_source=advfn.com&utm_medium=referral
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