• Coinbase has new plans to quickly add more assets to the exchange this year following Binance’s new regulatory troubles.
  • The major crypto exchange has expanded to Germany with a new license to offer its services in the country.
  • Brian Armstrong warns that while new listings will come soon, investors must evaluate their own risks.

Co-founder and CEO of Coinbase Brian Armstrong revealed that the firm aims to list every crypto asset in the market as long as the coins are legal. Armstrong urged investors to do their own research to evaluate the risks of each cryptocurrency, since a listing is not an endorsement. 

Coinbase takes on new opportunities

Coinbase has recently shown its dedication to allowing its users access to a wider range of cryptocurrencies, including Dogecoin. Although the leading crypto exchange expects to list more tokens, Armstrong has warned investors to take caution with investing. He said:

Outside of our listing standards (for safety/legality), we don't offer an opinion on the value of each asset. We are asset agnostic, because we believe in free markets and that consumers should have a choice in the cryptoeconomy. This is how we'll have the most innovation.

The CEO cautioned that listing a coin on Coinbase does not mean endorsement of the specific asset and that users should do their own research and exercise good judgment. 

According to Armstrong’s blog post, the cryptocurrency exchange would also serve the growing demand for DeFi products and services and non-fungible tokens (NFT), smart contracts, decentralized autonomous organizations and more. 

The Coinbase co-founder also mentioned that the firm would be sending more products to new international markets while working with regulators in more “established markets.” 

Coinbase is seeking to expand around the world, with its latest move in Germany, where it recently obtained a license to offer its services in the country. The Nasdaq-listed firm is now the first company to gain such a license in Germany, which allows the exchange to conduct proprietary trading of digital assets, according to BaFin. 

While Coinbase continues to add to its reach, its main competitor, Binance, has been facing regulatory challenges lately. The exchange headed by Changpeng Zhao has been banned in the United Kingdom, while the country’s Financial Conduct Authority stated that the platform could not conduct any regulated activity. 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high

Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines. 

More Cryptocurrencies News
TON set to launch synthetic Bitcoin to boost its DeFi solutions

TON set to launch synthetic Bitcoin to boost its DeFi solutions

TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.

More Ton News
Maker Price Forecast: MKR could stage 40% rally

Maker Price Forecast: MKR could stage 40% rally

MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.

More MakerDAO News
USDT market cap crosses $120 billion as stablecoins continue their uptrend

USDT market cap crosses $120 billion as stablecoins continue their uptrend

The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.

More USDT News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP