- Coinbase (NASDAQ:COIN) promotes self-custody wallet as Binance battles with FUD calls.
- Coinbase Wallet works with the recently launched iPod-sized Ledger hardware wallet.
- In the last 24 hours, customer withdrawals on Binance exceeded $3 billion.
Recently, the crypto community has been awash with FUD and panic messages, especially against Binance, the largest crypto exchange by market cap. Coinbase, a close competitor, has promptly seized the opportunity to promote its self-custody solution to the community.
An official statement from Coinbase read,
“Whenever turbulence hits the crypto industry, it is important for individuals to consider where and how they store their assets and the role of self-custody wallets like Coinbase Wallet.”
The Coinbase self-custody wallet is compatible with the recently launched iPod-sized Ledger Stax hardware wallet. Brian Armstrong, the CEO of Coinbase, added:
Self-custody is a very important part of the cryptoeconomy – decentralize https://t.co/3tdcBeNbqd— Brian Armstrong (@brian_armstrong)
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