Kalshi selects Coinbase Custody to secure USDC reserves

The partnership between Kalshi and Coinbase Custody not only secures USDC reserves but also reflects a broader trend in the cryptocurrency sector where established platforms are increasingly collaborating to enhance security and reliability. For instance, Coinbase's recent initiatives in Singapore, such as launching a business to reshape payments with USDC and partnering with Standard Chartered, highlight its commitment to expanding its influence in the crypto market. These developments underscore the growing importance of secure custodial solutions in facilitating innovative trading platforms like Kalshi.