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Coinbase American Exchange Platform Coinbase continues its restructuring with strategic removal of certain crypts from its list. These decisions are involved in a particularly busy context for the company, several days before its historical entry into the S&P 500.
In short
- Coinbase selects several assets from its platform, including the token of movement (movement), Gemini Dollar (Gusd) and Gyen.
- The platform determines the upcoming launch of the packed versions of the main cryptocurrencies (CBADA, CBDOGE, CBLTC, CBXRP).
- Coinbase expands its territorial offer by making it accessible to the wrapped Ethereum (Cbeth) wrapped coinbase wrapped in New York.
Coinbase withdraws 3 cryptos from its platform
Coinbase has officially announced through its Twitter account deactivation trading with the movement token (movement) on its platform. This decision is governed by regular assessment of assets designed according to strict standards of reference.
This download is not an isolated case. The platform also suspended trading with Gemini Dollar (Gusd) and Gyen 7 May. These modifications show the constant vigilance of Coinbase regarding the quality of the cryptos offered to its users.
Despite these selections, Coinbase wanted to assure its customers: the funds remain fully secure and users retain the possibility to download their motion token at any time.
In parallel with these restrictions, the company expands its offer by making New York residents accessible, which is still subject to significant regulatory restrictions wrapped coinbase wrapped Ethereum (Cbeth).
New Yords can now use CBETH on the web platform and on iOS and Android Coinbase mobile applications. This expansion strengthens the presence of the company on the strategic financial market and extends access to Stoking Ethereum Services.
In her innovation dynamics of Coinbase, she also announced the upcoming arrival of wrapped versions of several major cryptocurrencies – Cardano (CBADA), Dogecoin (CBDOGE), Litecoin (CBLTC) and XRP (CBXRP). However, the exact start data must continue to be confirmed.
A key period marked with the main security challenges
These adjustments are involved in a particularly sensitive context for Coinbase. Indeed, the company revealed that it was a victim of an important security defect.
Corrupted foreign assistance agents have published sensitive user data. According to internal estimates, this incident could stand up to $ 400 million on the platform.
Fortunately, no funds, password or private key and Coinbase Prime accounts remained unaffected during this attack. However, stolen information allowed attackers to be performed by targeted social engineering operations against certain users.
This series of events occurs, while Coinbase is preparing for the historical phase by becoming the first crypt company to join the S&P 500 index, which is an initiation that means progressive integration of the crypto sector into traditional financing.
In short, Coinbase will exceed the key period when every strategic decision is calculated. The target withdrawal of some cryptos can well reflect the desire to strengthen its reputation before integrating one of the most prestigious stock markets in the world.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.