Maker (MKR) Holders Granted More Opportunities by Coinbase Custody: Details

Libra Coin News
Fri, 10/11/2019 - 17:57
Alex Dovbnya
Maker (MKR) holders can now participate in on-chain governance by using Coinbase Custody
Cover image via news.u.today

The holders of Maker (MKR) who use Coinbase Custody have been given an opportunity to participate in on-chain governance without withdrawing their holdings. Hence, it eliminates the risk related to moving an asset from cold storage.    

The San Francisco-based cryptocurrency exchange, which successfully ventured into custody last year, has announced that MKR owners will be able to cast a vote directly from their accounts. 

"Coinbase Custody is fast becoming critical infrastructure for the cryptoeconomy. Governance is another step in our journey to give our clients the platform they need to fully engage with the emerging crypto asset class." 

Related
Maker Price Surges 10 Percent as MakerDAO Sets Date for Multi-Collateral Dai Release

Prior to that, Coinbase Custody announced staking support for Tezos (XTZ) on Mar. 29. The Brian Armstrong-led company announced that it would also add MakerDAO. 

As reported by U.Today, Coinbase now controls about five percent of the total Bitcoin supply after acquiring Xapo and receiving a whopping $3 bln worth of crypto from Grayscale. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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