Coinbase, a popular cryptocurrency exchange, will be providing custody services for DigitalX’s new Australian Bitcoin ETF. This means that Coinbase will be responsible for securely storing the Bitcoin assets that make up the ETF. This partnership between Coinbase and DigitalX aims to provide a reliable and secure way for investors to gain exposure to Bitcoin through an exchange-traded fund in Australia. This move highlights the growing interest and acceptance of Bitcoin and other cryptocurrencies in the mainstream financial world.
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