🎉Good news! The U.S. Department of Justice (DOJ) has chosen Coinbase Prime to custody confiscated crypto assets, which is a big deal! 👀According to Lin Chen, head of Asia Pacific business at Deribit, the DOJ has paid Coinbase $32.25 million in custody and processing contract fees. If calculated based on a 2% custody fee, this means that the DOJ has about $1.6 billion in crypto assets to deal with, which is a huge sum of money! 💰

According to the official announcement, the U.S. Marshals Service under the U.S. Department of Justice has chosen Coinbase Prime as its "Class 1" large-cap digital asset custody and trading service provider. Coinbase stands out for its strong security record and institutional-grade crypto service capabilities. Since its launch three years ago, Coinbase Prime has become the platform of choice for institutions and large crypto asset holders. 👍

This news is undoubtedly a great affirmation of Bitcoin and further proves the influence of cryptocurrency in the global financial market. Let us look forward to more good news together! 🎉