Coinbase CEO Brian Armstrong highlighted significant growth in institutional custody during a recent quarterly review, revealing that 81% of U.S. Crypto ETFs are held by Coinbase. Notably, eight major public companies use its custody services for Bitcoin.
On June 25, Ripple announced a new permissioned decentralized exchange model on the XRP Ledger, aimed at regulated institutions. This DEX facilitates compliant trading environments, promoting institutional adoption of decentralized finance.
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