Coinbase Custody Adds Support for Eight Small-Cap Altcoins As Crypto Markets Stall

Coinbase is continuing to expand its crypto footprint by extending custodial services support to a diverse array of digital assets.

In a new announcement, the US-based cryptocurrency exchange says it’s adding eight cryptos to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust.

Coinbase Custody now supports deposits and withdrawals for $VR, $CQT, $KEY, $QSP, $MFG, $NOIA, $DEXE, and $HEGIC pic.twitter.com/7YJlVMbzWU

— Coinbase Assets (@CoinbaseAssets) June 1, 2022

Coinbase Custody is a custodial service for institutional investors with big money. It’s chartered in New York State and designed to give clients a highly secure way to store large amounts of cryptocurrency.

First getting the nod from Coinbase is Victoria VR (VR), a video game powered by the Unreal Engine calling itself “the world’s first realistic metaverse.” Native token VR rewards staking and enables users to purchase a variety of non-fungible tokens (NFTs) to enhance gameplay.

Victoria VR is currently down 5.77% and trading for $0.056.

Next up is Covalent (CQT) whose application programming interface (API) suite allows developers to pull data from different blockchains.

Covalent is up half a percent and valued at $0.147.

Also joining the Coinbase cold wallet roster is the privacy-focused and censorship-resisting SelfKey (KEY), which empowers users to protect their identity and online voice for Web 3.0 and in the metaverse.

At time of writing, SelfKey is surging by 26.93% and changing hands for $0.00481.

Quantstamp (QSP) is a security-auditing protocol for smart contracts, offering a bug bounty system and automated software testing.

Currently, Quantstamp is in the green by 2.66% with a going price of $0.0308.

Next up is Smart MFG (MFG), an NFT designer which initially provided 3D designs for the aerospace and defense industries before pivoting into the metaverse space. Its Phigital marketplace specializes in interoperable 3D NFTs.

At time of writing, Smart MFG is in the red by 2.04% and priced at $0.0111.

Also joining the Coinbase cold wallet roster is Syntropy (NOIA), an open-source protocol aimed at improving the internet via encryption and optimized performance.

Syntropy is currently up 3.15% with a going rate of $0.074.

DeXe (DEXE) is a decentralized finance (DeFi) platform aiming to help investors by mimicking the most successful crypto traders.

Currently, DeXe is up a percent and trading for $3.11.

Last on the list is Hegic (HEGIC), a platform for options trading offering zero gas fees as well as the opportunity for token holders to earn yields.

Hegic is up 2.16% on the day and valued at $0.00775.

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