Facebook (FB) Can't Be Trusted To Manage Cryptocurrency: Senators - Bloomberg

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Coinbase (COIN) to power crypto custody for Facebook's (FB) Novi

October 19, 2021 9:14 AM EDT

(Updated - October 19, 2021 9:15 AM EDT)

Facebook (NASDAQ: FB) has chosen Coinbase (NASDAQ: COIN) as its custody partner for its pilot of Novi, a new digital wallet that enables people to send and receive money abroad instantly, securely, and with no fees.

For the pilot, Coinbase is supporting Novi via Coinbase Custody, which keeps user funds secure with our proprietary, fully segregated cold... More