Overview
- Kalshi announced on Nov. 13 that Coinbase Custody will safeguard the USDC reserves that collateralize its event contracts.
- Coinbase Custody brings cold storage, segregated accounts, and institutional compliance controls to the platform’s reserves.
- Users can deposit, transfer, and receive payouts in USDC under Coinbase’s custody setup for greater security and reliability.
- The custody change follows Kalshi’s late-October integration with Coinbase’s Base network to enable faster, lower-cost USDC deposits.
- Kalshi’s expansion this month also includes Google Finance displaying its real-time odds, alongside reported October funding offers valuing the company above $10 billion.