As a seasoned crypto investor with a knack for identifying promising projects and a keen eye for regulatory developments, I find myself intrigued by Coinbase’s latest moves. The addition of ZetaChain and Across Protocol to their listing roadmap is a testament to their commitment to offering diverse and innovative blockchain projects to their users.
In simple terms, the well-known cryptocurrency platform Coinbase is planning to include two new digital currencies – ZetaChain (ZETACHAIN) and Across Protocol (ACX) – in its selection. This move is part of Coinbase’s continuous aim to expand the variety of digital assets available to its users, providing them access to numerous cutting-edge blockchain initiatives.
ZetaChain serves as a Layer 1 (L1) blockchain and smart contract platform, emphasizing interoperability. On the other hand, Across Protocol is an Optimistic-centric cross-chain linking protocol. Optimistic rollups are a scalability solution for Ethereum that facilitates quicker and less costly transactions without compromising the security of the Ethereum network.
Over the past few weeks, Coinbase has broadened the selection of assets available on its various platforms. As stated in a recent communication, Coinbase International Exchange and Coinbase Pro are set to introduce support for Degen, EOS, and SATS perpetual futures from August 15 at 9:30 a.m. UTC. This will include the launch of DEGEN-PERP, EOS-PERP, and 1000SATS-PERP markets on that date.
As a seasoned cryptocurrency investor with years of experience under my belt, I am thrilled to share that the recent announcement made by Coinbase has caught my attention. Having closely followed their growth and expansion in the digital asset market, I have always admired their commitment to providing a user-friendly platform for traders. The fact that MEW-PERP, MEME-PERP, and JASMY-PERP markets are now open for full trading on Coinbase International Exchange and Coinbase Advanced platforms is truly exciting.
Coinbase legal update
Recently, Paul Grewal, Coinbase’s Chief Legal Officer, pointed out that both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) have submitted responses in the Freedom of Information Act (FOIA) lawsuits filed against the cryptocurrency exchange.
Coinbase alleges that the Securities and Exchange Commission failed to provide requested documents pertaining to concluded inquiries, including those concerning Ethereum 2.0, and that the Federal Deposit Insurance Corporation neglected to disclose the “cease-and-desist” letters it sent to banks, instructing them to cease collaborations with cryptocurrency firms.
Grewal noted that although both organizations acknowledge the existence of the requested documents, they erroneously claim they had the authority to keep them hidden under government privileges.
As a researcher delving into this subject matter, I’ve learned that the SEC’s response confirmed the closure of their investigation regarding Ethereum 2.0. It appears that Coinbase is preparing for a summary judgment briefing since there seems to be no discovery phase prior to a ruling on the substance of the case. This decisive moment, according to Grewal’s observation, could potentially unfold in 2025.
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2024-08-09 14:48