Coinbase Teamed Up With Jack Dorsey’s Self-Custody Wallet Bitkey

It has been just revealed that Coinbase teamed up with Jack Dorsey’s self-custody wallet. Check out the latest reports about this below.

Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced its plans to integrate Bitkey, a self-custody wallet created by Block, the fintech company owned by Jack Dorsey.

The partnership is aimed at promoting the usage of self-custody wallets worldwide. Dorsey, who is a billionaire and co-founder as well as the former CEO of Twitter, has also shared the news of this collaboration online.

“Buy Bitcoin from an exchange and move it to a hardware key you control.”

According to the latest reports coming from the online publication the Daily Hodl, news of the partnership comes in the wake of Bitkey’s announcement to open applications for its beta program that will allow users to try the product before its public release.

It has been also revealed that selected beta customers will receive a free Bitkey hardware device, the company’s mobile app, and a set of recovery tools.

During a new interview with the Wall Street Journal, Armstrong details his dream regulatory structure for crypto in the United States.

He believes that the ideal regulatory framework sets boundaries for the roles of the SEC and the Commodity Futures Trading Commission (CFTC), while providing stipulations for investor protection.

“So the first one is we just need to get some clarity about the market structure and how the CFTC and the SEC are both going to regulate this industry. What are the boundaries? I think we also need to just bring in some basic consumer protection. It’s actually not rocket science. This is just applying some of these really basic common sense ideas to the industry.”

Stay tuned for more news from the crypto space.