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Coinbase custody set to support Telegram’s GRM token

FX Street
Updated:
  • Large U.S. cryptocurrency exchange Coinbase, announced they will extend their custodial support for Telegram’s upcoming token.  
  • Custodial support will provide GRM token holders with offline storage and insurance coverage, according to the announcement.

 

Popular United States-based crypto exchange and wallet provider Coinbase recently announced they will be proving custodial support for the forthcoming cryptocurrency from the popular encrypted messaging service Telegram.

The exchange detailed that Coinbase Custody, which is its digital assets custodian solution for institutional investors, will be launching support for the Telegram Open Network’s (TON) native token Gram (GRM) when it goes live.

Furthermore, the announcement noted that it will support the secure storage of three forthcoming tokens in total; GRM, Sola (SOL) and OXT (OXT) for each network’s respective launch. Custodial support will provide GRM token holders with offline storage and insurance coverage, according to the announcement.

 

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