Key Points:
In an effort to achieve these goals, the exchange has announced the suspension of 41 non-USD trading pairs on Coinbase Exchange, Advanced Trade, and Coinbase Prime, effective around 12 PM ET on September 13, 2023.
The move is part of the exchange’s strategy to consolidate liquidity and create a more robust trading environment for users. It reflects the exchange’s commitment to maintaining a healthy market ecosystem.
In addition to this market optimization effort, Coinbase is venturing into the crypto lending space, with a specific focus on US institutional investors. This initiative comes in response to recent challenges within the crypto lending sector, notably the collapse of firms like BlockFi and Genesis Global.
The exchange introduced a dedicated crypto lending platform exclusively tailored for institutional investors in the United States. This strategic move aims to capitalize on evolving market dynamics and provide a reliable lending service.
Furthermore, Coinbase CEO Brian Armstrong has revealed the exchange’s plans to support the Lightning Network. This move is a significant endorsement for the Lightning Network, a technology designed to dramatically expedite Bitcoin transactions. By embracing this technology, the exchange intends to contribute to the broader adoption of Bitcoin as a practical payment method.
Coinbase recently made headlines by announcing the discontinuation of trading services for Indian users, effective September 25, as part of its ongoing efforts to navigate the evolving global regulatory landscape.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Pepecoin (PEPE) has long been a trailblazer in the meme cryptocurrency space, leveraging the viral…
This guide explores 4 altcoins guaranteed to give you the easiest 100x of your life:…
Floki Inu scam warning is notified to users about unauthorized tokens falsely associated with its…
Kaspa and Lido are bouncing back after experiencing downtrends recently, but RCO Finance remains the…
The allegations in the SEC Binance lawsuit that BNB coin sales constitute unregistered securities were…
US Treasury crypto tax rules aim to prevent tax evasion and align crypto tax reporting…
This website uses cookies.