Coinbase Custody Board of Directors hires two New York Banking Regulators

On August 8, Coinbase said on its official blog that New York banking regulators Richard Neiman and Robert Easton will become members of the board of Coinbase Custody. The company claims that Neiman and Easton are particularly important for its further development as Coinbase Custody is regulated by the New York Financial Services Department (NYDFS). It is reported that Coinbase launched Coinbase Custody in July last year, focusing on institutional customers and optimizing the storage of a large number of digital currencies.