As the current digital currency ecosystem continues to evolve, American Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc is set to take its products global. In a recent blog post shared by the company’s co-founder and Chief Executive Officer, Brain Armstrong, the firm is set to streamline its listing process, while making rolling out additional products to its customers.
According to Armstrong, the cryptocurrency ecosystem is fast-moving from just the Bitcoin trading it started off with when the company was founded back in 2012, to such that new use cases are being introduced. To catch a leading spot in the new crypto economy, the company said its United States, United Kingdom, and Europe-focused products will now be shipped to users globally.
“We put a huge amount of effort into working with regulators in the US, UK, EU, etc. which has generated an enormous amount of value for customers in these regions, but it can also lead to products that are hyper focused on the western world. We’re going to flip this approach on its head by shipping more products in international markets on day one, while still partnering with regulators in more established markets to ensure our products are compliant with their local rules,” Armstrong said in the blog post.
Crypto Ecosystem Intensifies Now Replete with New Use Cases
To truly tap into the evolving ecosystem, the Coinbase boss said the firm will henceforth reduce the burden on asset issuers. This he noted will be done by reducing its legal review “from 70 questions to 12 questions that get at what most raises concerns under the law.” Additionally, Coinbase will champion the creation of a crypto app store to accommodate the wide variety of DApps being introduced by developers.
The cryptocurrency ecosystem is fast transforming from just a space where digital currencies are traded, to that in which use cases are evolving. These use cases range from Non-Fungible Tokens (NFTs) to Decentralized Finance (DeFi), and the advent of applications that brings crypto closer to solving real-world problems.
Trending Stories
As one of the first publicly listed crypto trading platforms, Coinbase is seeking to take charge of the growing innovations in order to beat the prospective market competition.
- Breaking: Do Kwon Releases Another LUNA Revival Plan
- Just-In: Grayscale Adds Five New Tokens To Its Investment Products
- Another Stablecoin Follows LUNA $UST, Crashes Within Hours
- PlanB: Bitcoin (BTC) Is Creating A Bottom For The Next Bull Market
- Shiba Inu Holders Increase Amid Market Crash, But There’s A Catch
- LUNA Crash: South Korea Toughens Up Investigations Over Terra (LUNA) Crisis
- Avalanche (AVAX) Slumps 5% In Minutes On Fears Of Terra Dump
- Breaking: Luna Foundation Guard Reserves Decimated By Terra Crash
- Breaking: Luna Foundation Guard Member Says Terra Reserves En Route
- Just-In: El Salvador To Discuss Bitcoin Adoption With 44 Countries
- Ethereum Price Analysis: ETH Price Erases Recovery Gains Towards $2,000
- Decentraland Price Analysis: MANA Price Sinks 10%; Are You Still Holding?
- Bitcoin Price Analysis: BTC Price Under Bear’s Spell; Is $26,000 On Cards Again?
- ETH Price Analysis: Consolidation Range Soon To Launch ETH Above $2250
- Bitcoin Price Analysis: Triangle Breakout Sets BTC Rally To $32000 Mark
- LUNA Price Analysis: Opportunity to Buy Cheap or A Bull Trap?
- Decentraland Price Analysis: MANA Price Prepares For 60% Gains; Are You Buying?
- SOL Price Analysis: Is $60.0 Around The Corner On The 4-hour Chart?
- DOGE Price Analysis: Wedge Pattern Retest Phase Warns $0.08 Fallout
- Ripple Price Analysis: XRP Price Remains Pressured below $0.50; Is Selling A Good Choice?