Briefly
- Coinbase develops decentralized exchange trading on its application.
- Digital tokens previously available on decentralized exchanges will now be available on the application.
- The company based in San Francisco has made six acquisitions this year because the goal is to expand its services.
Coinbase, will offer on Friday decentralized exchange Trading for American customers, Crypto Exchange Giant announced on Friday.
The feature will mean that new tokens will only be available through decentralized platforms previously available through the Coinbase mobile application. The feature will not be available for users based in New York.
New digital coins and tokens often horses – including Coinbase’s Base Network – And the exchange said she wanted to make them faster on her app.
“More tokens are launched every day than anywhere else,” the exchange states. “Coinbase is not just the construction of traders to approach them – we also strengthened the builders who create them.”
He added: “This means you don’t have to wait for a traditional list to get access to the Coinbase distribution. For retail users, this means an earlier access to new tokens. For the basin builders, it unlocks no retailer at Coinbase’s application.”
It’s the base Ethereum A scaling network, created by Coinbase, which enables developers to build new crypto products.
Decentralized exchange – Dex – is a platform that allows users directly trading digital coins or token. Unlike the main crypto exchange such as Coinbase or Binance, anyone can execute stores on DeX, as platforms do not seek information about customers such as the name, address or ID from retailers, required by most known financial regulations.
On Friday on the Social Media Platform X, Coinbase CEO Brian Armstrong said that move was part of the company pushing to become “all exchange.” Coinbase, who go public 2021 is currently seeking approval from SEC to introduce tokenized shares.
Coinbase based in San Francisco also made six acquisitions this year in an effort to expand his offer. Exchange in May announced This year he achieved a job to buy Exchange deribit options for $ 2.9 billion.
Coinbase’s shares (NASDAQ: COIN) traded on Friday by 2% lower with almost $ 304 per share. This week she spilled almost 5% of his value. It has reduced about 38% since it reached its maximum of all time last month close to $ 420.
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