Coinbase (a popular crypto platform) has made public that it is exploring to support for eight new digital assets. They are namely: Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES). In its announcement: “Stablecoins are beneficial to anyone who trades crypto, but also have the potential to materially improve the lives of people in countries where inflation is eroding wealth.”
An announcement has been made by Coinbase Custody that it has been selected by one of the largest digital asset fund managers, Grayscale to store their digital assets. Coinbase Custody will act as the custodian for the Grayscale’s list of products such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Stellar Lumens (XLM), & XRP are inter alia.
Brian Armstrong (CEO cryptocurrency exchange Coinbase based in USA) has attracted criticism after praising private crypto transactions in a tweet. In the aforementioned tweet, Armstrong notes that scalable, sufficiently decentralized, chain that supported private transactions by default (privacy coins) would be a game changer. He then compares anonymous cryptocurrency transactions to cryptography on the web.
United States-based cryptocurrency exchange and wallet service, Coinbase has launched its Visa debit card in Spain, Germany, France, Italy, Ireland and the Netherlands. Coinbase VP of Business Emilie Choi said, “It is not currently investing in the decentralized exchange sector even after the acquisition of decentralized peer-to-peer trading platform Paradex last year.”
A senior executive from clarified that Coinbase is not planning to launch a decentralized exchange (DEX). Emilie Choi, the exchanges VP of Business further stated, “We have to make sure that if we offer a dex that we’re doing it in a way that is safe and secure and compliant. I think that there’s not a lot of clarity right now on how that would work. We think this space is interesting but we’re not actively investing in it right at this moment.”
Coinbase (a USA-based cryptoexchange & wallet service) has announced that it has now added support for EOS. The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time. Coinbase also expanded its global offerings, with announced trading support for over 50 new jurisdictions and an educational program with small crypto payments, Coinbase Earn, that is available in over 100 countries.
Coinbase Earn is newly established platform that gives out crypto to those who test decentralized protocols, take quizzes and complete tasks is now open to users in 100 countries. Coinbase Earn doesn’t mine or buy cryptocurrencies, it gives the user the option to earn XLM, ZEC, BAT and ZRX, with more crypto intended to be added in the future. Coinbase education platform, that allows users to earn crypto as they learn about crypto.
Coinbase (a San Francisco-based crypto exchange) has announced that it’s in a very close stage to buy Xapo (a crypto custody provider) to boost its custody business. It has also been revealed that Coinbase and Fidelity Digital Assets have been involved in a neck-and-neck race to seal this acquisition. Xapo’s expertise lies in providing safe storage for Bitcoin. The company’s main product is the cold storage vault for Bitcoin.
The New York user of the Coinbase can now buy, sell, and free to store XRP (Ripple) via services offered in Coinbase.com. Earlier the access to XRP was restricted to users from United Kingdom and New York due to the specification of an XRP destination tag which is required to make XRP transfers.
European crypto exchange Bitstamp has appointed a former Coinbase executive as head of United States operations. Bitstamp, an entrant of the top 50 crypto trading platforms by daily trading volume, has hired Hunter Merghart in a move to expand its operations in the U.S., following the recent acquisition of a virtual currency license from New York state financial regulator.