Coinbase Custody continues to pioneer active crypto-network participation directly from our industry-leading offline storage. Starting today, all clients who hold MKR in their Coinbase Custody account can participate in Maker Governance. We’re especially excited to launch this capability ahead of the upcoming MakerDAO MCD vote on 11/15/19.
To date, crypto asset managers have been forced to withdraw their funds from 3rd-party custodians to participate in on-chain governance. This has kept many would-be voters on the sidelines as these potential participants need to avoid the risk of moving assets or first-party voting solutions. Starting today, we now support our clients with the industry’s first, fully integrated governance solution that works directly out of offline storage.
Coinbase Custody is fast becoming critical infrastructure for the cryptoeconomy. Governance is another step in our journey to give our clients the platform they need to fully engage with the emerging crypto asset class.
Marrying active participation with offline storage is another example of the fun and innovative problems we solve at Coinbase Custody. We’re excited to share some of these stories and implementation details over the coming days. To start, check out this excellent deep-dive from our Security team into how we enable staking and voting out of cold storage.
If you own MKR and are looking for a way to securely participate in MakerDAO governance, you can open an account with Coinbase Custody here.
Coinbase Custody is the world’s largest and fastest growing crypto custodian. If you’re interested in helping to build the utility phase of crypto, we’re hiring!
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