Back in July of this year, we wrote a piece about how Coinme is not in the business of lending our customer’s crypto. In light of recent events in our industry this month, we wanted to address our stance on the issue and reiterate the steadfast commitment we make to our customers.
No liquidity risk
Coinme continues to operate business as usual and immediately fulfills transactions made across the platform. Coinme serves a unique purpose for many individuals who utilize crypto for payments, remittances, and cashing in and out of crypto, instantly.
Coinme has been regulated as a Money Services Business and State licensed virtual currency money transmitter since 2014. Today, Coinme is licensed in 38 states, and adheres to regular financial audits, cyber security exams, and state examinations. Our transparency and willingness to educate policy makers have been core values from the very early days of crypto.
Customer balances are protected
Crypto assets stored on the Coinme wallet are yours and yours alone. Our best-in-class custody solution utilizes cold offline storage to ensure all crypto assets are safe and accessible 24/7, regardless of what happens in the market or to other industry participants.
Mission focused: Continue to serve as crypto’s gateway
We remain focused on our mission: to be the world’s trusted gateway to digital currencies and a better financial future. Despite the current market conditions, we continue to build new products and features to ensure the next wave of crypto adoption will be stronger and more secure than the last.
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