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Bitcoin Exchange Wants to Be Digital Safe House for Hedge Funds

(Bloomberg) Coinbase, one of the most popular digital-coin exchanges for retail investors, has its eye on institutional cash looking for a way into cryptocurrencies.The San Francisco-based firm will sell what it bills as digital-coin custodial services for money managers like hedge funds, sovereign wealth funds and family offices that have been hesitant to dive into the wild world of cryptocurrencies.

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