Coinbase to Ship Products Beyond US and EU

By Godfrey Benjamin
Published June 30, 2021 Updated June 30, 2021
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Coinbase to Ship Products Beyond US and EU

By Godfrey Benjamin
Published June 30, 2021 Updated June 30, 2021

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.

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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.

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.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Godfrey Benjamin
146 Articles
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

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