Business
Crypto Briefing » Business » Coinbase Custody Lists DeFi Project BarnBridge

Coinbase Custody Lists DeFi Project BarnBridge

by
Tarang Khaitan

BarnBridge has been added to Coinbase Custody. Institutional investors can now deposit and withdraw BarnBridge's BOND token on the platform.

Coinbase Custody Lists DeFi Project BarnBridge
Shutterstock cover by Hunter Herrman

Share this article

Coinbase Custody has enabled deposits and withdrawals for BarnBridge’s BOND token. As of late, Coinbase Custody has been adding DeFi tokens on their platform at a rapid pace.

Coinbase Custody Now Supports BarnBridge

BarnBridge is the latest DeFi project to be added to Coinbase’s custodian service, becoming the first project listing in 2021.

Coinbase Custody offers institutional investors the ability to store their crypto assets safely and securely. The service already supports many of the “DeFi bluechip” tokens such as AAVE, SNX, YFI, UNI, and more.

BarnBridge focuses on splitting crypto risks into buckets (tranches), so that market participants can invest in various products or assets depending on their risk profiles. On Jan. 8, 2021, the BarnBridge team revealed their roadmap for 2021. Their staking feature is set to go live sometime in February.

Coinbase Custody has been adding support for DeFi projects rapidly. On Dec. 3, 2020, they added support for CRV, REN, wBTC, and tBTC. On Dec. 23, 2020, they added support for Injective Protocol’s INJ token.

BarnBridge (BOND) Price Action
Source: CoinGecko

Since its addition to the platform, BarnBridge has seen a spike in the price of its native BOND token. At press time, the token was trading at $26.12, up 27.7%.

Disclaimer: One or more members of Crypto Briefing’s management team owns INJ. The company (Decentral Media Inc.) owns INJ.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.