Deribit executive: Based on a 2% custody fee, Coinbase could help the U.S. Department of Justice manage $1.6 billion in seized assets
ChainCatcher news, Lin Chen, Head of Asia Pacific Business at Deribit, stated on X that the U.S. Department of Justice (DOJ) chose Coinbase Prime to custody seized crypto assets, paying Coinbase $32.25 million for the custody and processing contract. Based on a custody fee of 2%, the DOJ may have $1.6 billion in crypto assets to manage. This scale of crypto assets can also be referred to as a leading asset management company in the crypto field. Some of the largest revenues for the U.S. Department of Justice this year have also come from the crypto sector.
Previous news, the U.S. Marshals Service chose Coinbase as its digital asset custody and trading service provider.
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