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.
Coinbase has been undergoing layoffs and office closures and has had multiple Coinbase executives leave the company, the popular cryptocurrency exchange continues to release innovative new products and features. Coinbase, a major US-based cryptocurrency exchange, has shut down its Chicago office and laid off 30 engineers while scaling back the development of its high-frequency trading matching engine.
Political Action Committee (PAC) are autonomous associations, regularly speaking to an alternate business, work, or approach premiums that gather and give cash to political battles in support of competitors, enactment, or ticket activities. As indicated by a document with the Federal Election Commission (FEC), the administrative office accountable for authorizing decision laws, Coinbase PAC got no assets nor made any distributions, and is trying to end the PAC.
Coinbase will now allow its users to make payments in either XRP or USDC with zero fees. Coinbase explained, “XRP and USDC may be better suited for smaller international money transfers due to their faster processing and lower transaction fees. USDC also has the added advantage of being exchangeable for one US dollar, rather than being volatile in price like other cryptocurrencies.”
A cryptoexchange based in the US, Coinbase have revealed that they have begun supporting the Stellar cryptocurrency (XLM) for its desktop and mobile application. The announcement was made in the exchange’s blog and was made available in most jurisdictions since March 18, however, traders from the UK and the state of New York will initially will not available to access the asset.