📣 Big news, crypto fam! 🎉 The U.S. Marshals Service (USMS) has teamed up with Coinbase Prime for some serious crypto management.

• Coinbase Prime was chosen after a tough evaluation process by the USMS. 🏆

• They'll be handling the USMS's "Class 1" digital assets - think big players like Bitcoin and Ethereum. 💰

• These assets often come from government seizures and contracts, so top-notch security and trading capabilities are a must. 🔒

This partnership aims to streamline the handling and liquidation of these cryptocurrencies, and expand the range of digital assets managed in government forfeiture initiatives.

The deal is set for an initial five years, with a potential six-month extension. 📅

Coinbase Prime, launched nearly three years ago, has become a go-to platform for institutions and large holders of digital assets. As of Q1 2024, they're safeguarding a whopping $330 billion in assets. 💪

What are your thoughts on this? Let's chat in the comments! 🗨️ #CryptoNews #Coinbase #USMS