According to a statement released by the Nasdaq-listed cryptocurrency exchange on Tuesday, Coinbase, which is the biggest cryptocurrency exchange in the United States, has struck a strategic Web 3.0 agreement with Google Cloud.
As part of the cooperation, Google Cloud will enable a subset of its customers to make payments for its cloud services using cryptocurrencies by way of the crypto payments platform offered by the exchange, which is known as Coinbase Commerce.
Additionally, Google will have access to Coinbase Prime, which is geared toward providing institutional crypto services like custody.
According to the statement released by the business, Coinbase serves over 14,500 institutional customers, which includes some of the most well-known and established financial institutions.
According to the announcement, Coinbase plans to establish its global data platform on Google Cloud’s infrastructure. The company also plans to employ data and analytics technologies to give its clients with machine learning-driven crypto insights.
Coinbase has announced that it would also employ the computing infrastructure offered by Google Cloud in order to handle blockchain data at a large scale.
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