Coinbase is including the currencies demanded by customers

Coinbase is including the currencies demanded by customers
Jan 3, 2019 by Rico Wise

Coinbase has allegedly had one of its best performances over the last quarter, deploying numerous products in Q4 of the now-past year. The firm has recently finished its 12 Days of Coinbase campaign that presented such features as immediate withdrawals for PayPal accounts, and Coinbase Earn (an altered version of Earn.com, which was acquired by the exchange for 120 million USD back in April).

One of the most important endeavors is surely the secure transfer of more than 5 billion USD to a cold storage. Additionally, Coinbase accumulate a whopping 300 million dollars during a Series E round at a valuation of 8 billion USD, turning it into one of the most expensive projects in the ecosystem of digital currency. The round was headed by Tiger Global Management, with other participants, such as Andreessen Horowitz, Y Combinator Continuity, and Polychain Capital.

The firm has financed numerous projects via its financing branch – Coinbase Ventures. Among some of the notable investments are API Nomics, Starkware, Abacus Protocol, and Securitize. This falls in line with preceding investments, including Reserve (a dollar-pegged currency startup) and Unlock Protocol (an Ethereum-based access control protocol).

Probably one of the most notable Coinbase developments has been the introduction of the USD Coin – a collateralized dollar-pegged currency. The said currency is now accessible on dominant cryptoexchanges, including Bitfinex, KuCoin, Poloniex, Binance, Korbit, etc. Taking into account the quantity of cryptoexchanges offering services for USDC, it will not come as a surprise if the USD Coin takes the lead over the remainder of dollar-pegged currencies.

Coinbase has also included a number of new digital currencies in its product offering, bringing to the table such coins as ZRX, ZIL, MKR, MANA, LOOM, GNT, DNT, DAI, CVC, and BAT.

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