Common use of Digital Asset Deposits and Withdrawals Clause in Contracts

Digital Asset Deposits and Withdrawals. Coinbase Custody will process supported Digital Asset Custody Transactions according to the Instruction received from Client or Client’s Authorized Representatives, and Coinbase Custody does not guarantee the identity of any user, receiver, requestee or other party. Client must verify the accuracy of all deposit and withdrawal information prior to submitting Instructions to Coinbase Custody regarding a Custody Transaction. Subject to Section 20, Coinbase Custody shall have no liability, obligation, or responsibility for Client Digital Asset transfers sent to or conducted in reliance on Instructions received from or sent or received in accordance with inaccurate Instructions from Client or Client’s Authorized Representatives. Coinbase Custody reserves the right to charge network fees (including miner fees) to process a Custody Transaction on Client’s behalf. Coinbase Custody will calculate the network fee, if any, in its sole and absolute discretion, although Coinbase Custody will always notify Client of the network fee at or before the time Client authorizes the Custody Transaction. Coinbase Custody reserves the right to delay any Custody Transaction if it reasonably and in good faith perceives a risk of fraud or illegal activity.

Appears in 3 contracts

Sources: Coinbase Prime Broker Agreement (VanEck Solana ETF), Coinbase Prime Broker Agreement (VanEck Bitcoin Trust), Coinbase Prime Broker Agreement (VanEck Ethereum Trust)

Digital Asset Deposits and Withdrawals. Coinbase Custody will process processes supported Digital Asset Custody Transactions Transaction according to the Instruction Instructions received from Client or Client’s Authorized Representatives, and Coinbase Custody does not guarantee the identity of any user, receiver, requestee requestee, or other party. Client must verify the accuracy of all deposit and withdrawal information prior to submitting Instructions to Coinbase Custody regarding a Custody Transaction. Subject to Section 20, Coinbase Custody shall have no liability, obligation, or responsibility whatsoever for Client Digital Asset transfers sent to or conducted in reliance on Instructions received from a wrong party or sent or received in accordance with inaccurate Instructions from Instructions. Client or agrees that it will not withdraw Digital Assets to a blockchain address that is not under Client’s Authorized Representativescontrol or an address for which Client has conducted the necessary Know Your Customer (KYC) and AML due diligence. Coinbase Custody reserves the right to charge network fees (including miner fees) to process a Custody Transaction on Client’s behalf. Coinbase Custody will calculate the network fee, if any, in its sole and absolute discretion, although Coinbase Custody will always notify Client of the network fee at or before the time Client authorizes the Custody Transaction. Coinbase Custody reserves the right to delay any Custody Transaction if it reasonably and in good faith perceives a risk of fraud or illegal activity.

Appears in 1 contract

Sources: Coinbase Prime Broker Agreement (Coatue Innovation Fund)

Digital Asset Deposits and Withdrawals. Coinbase Custody will process supported Digital Asset Custody Transactions Transaction according to the Instruction received from Client or Client’s Authorized Representatives, and Coinbase Custody does not guarantee the identity of any user, receiver, requestee or other party. Client must verify the accuracy of all deposit and withdrawal information prior to submitting Instructions to Coinbase Custody regarding a Custody Transaction. Subject to Section 20Except for Coinbase Custody’s gross negligence, willful misconduct or fraud, Coinbase Custody shall have no liability, obligation, or responsibility whatsoever for Client Digital Asset transfers sent to or conducted in reliance on Instructions received from a wrong party or sent or received in accordance with inaccurate Instructions from Client or Client’s Authorized Representativeserroneous Instructions. Coinbase Custody reserves the right to charge network fees (including miner fees) to process a Custody Transaction on Client’s behalf. Coinbase Custody will calculate the network fee, if any, in its sole and absolute discretion, although Coinbase Custody will always notify Client of the network fee at or before the time Client authorizes the Custody Transaction. Coinbase Custody reserves the right to delay any Custody Transaction if it reasonably and in good faith perceives a risk of fraud or illegal activity.

Appears in 1 contract

Sources: Master Agreement (WisdomTree Bitcoin Fund)