U.S. Marshals Service Partners with Coinbase Prime for Class 1 Digital Assets Custody

Jul 1, 2024, 03:22 PM

The U.S. Marshals Service (USMS), a division of the U.S. Department of Justice responsible for asset forfeiture, has selected Coinbase Prime as its partner to provide custody and advanced trading services for its large cap digital assets. This partnership will see Coinbase Prime safeguarding and trading the USMS's 'Class 1' digital assets portfolio. The collaboration underscores the growing acceptance and integration of cryptocurrency management within federal agencies.