Ledger teams up with Coinbase to offer direct to cold storage crypto purchases

Leading self-custody wallet Ledger has joined forces with Coinbase to heighten accessibility for self-custody users seeking to acquisition cryptocurrencies.

According to a Feb. 13 connection shared with CryptoSlate, this collaboration introduces the integration of Coinbase Pay into Ledger Live, simplifying the crypto purchasing process and broadening entree for caller users.

This integration facilitates a pathway for Ledger users to acquisition integer assets done their Coinbase accounts and straight retreat funds to their wallets astatine nary further costs.

The improvement importantly addresses the “cumbersome process” associated with transferring assets from an speech into a self-custody wallet.

The firms stated that the caller motorboat of Bitcoin exchange-traded funds (ETFs) volition foster greater crypto adoption among caller users, galore of whom whitethorn yet modulation to self-custody solutions. Therefore, the integration would assistance heighten idiosyncratic experiences and further Ledger’s maturation trajectory alongside Coinbase’s ngo to empower the crypto economy.

Ian Rogers, the main acquisition serviceman astatine Ledger, emphasized the shared committedness betwixt the firms to simplify crypto usage portion prioritizing lawsuit security. He added that Coinbase users tin present seamlessly acquisition crypto wrong Ledger Live, mirroring the acquisition for Ledger users purchasing done Coinbase.

Meanwhile, Lauren Dowling, the caput of merchandise astatine Coinbase Developer Payment Services, expressed enthusiasm for the partnership, stating:

“We’re delighted to collaborate with Ledger to let users to much seamlessly acquisition crypto with Coinbase Pay consecutive into their self-custody solution.”

Ledger is 1 of the starring hardware wallet manufacturers successful the crypto industry, with implicit 6 cardinal devices sold crossed 200 countries. The institution said it serves implicit 100 fiscal institutions and astir 20% of the world’s crypto is secured done its devices.

Last December, the compromise of its ConnectKit library resulted successful the theft of astir $600,000 successful integer assets.

The station Ledger teams up with Coinbase to connection nonstop to acold retention crypto purchases appeared archetypal connected CryptoSlate.