Cryptocurrency exchange Coinbase is sex hormones and other variables in human eroticismlooking to circumvent regulatory hurdles and add new coins to its portfolio with the acquisition of Paradex, a service which allows users to trade cryptocurrencies without relying on a trusted third party.
Paradex, which launched in beta in January 2018, is a so-called relayer built on top of the 0x platform. This means it provides users with a way to trade ERC20 tokens -- a large ecosystem of cryptocurrencies built on top of Ethereum -- directly from their digital wallets.
SEE ALSO: For cryptocurrency to go mainstream, it needs tools like theseThis is an important move for Coinbase, which is the top U.S. cryptocurrency exchange with more than 20 million customer accounts and $20 billion in crypto-assets. The exchange currently lists only four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Despite customer demand for more (there are thousands of cryptocurrencies out there, 23 of them with a market cap of over $1 billion), Coinbase has been wary of adding new coins due to regulatory pressure from the SEC, which (possibly) sees many of these as unregulated and unregistered securities.
According to Coinbase CEO Asiff Hirji, who spoke on CNBC's "Fast Money" Wednesday, the company sees Paradex as a "bulletin board" and not an exchange, which should make it an acceptable addition to Coinbase's portfolio in the eyes of the regulators.
But make no mistake, Paradex will effectively allow Coinbase users to trade in hundreds of new cryptocurrencies, which is a huge step for the company. We'll have to wait until launch to see how exactly Coinbase will integrate Paradex's current product into its service.
Paradex will be integrated into Coinbase Pro, which is a rebrand of GDAX, the company's trading platform aimed at advanced users. But there's a caveat: It will initially only be available to international accounts and not U.S. users. The company plans to start offering the product to U.S. users "as soon as we can," according to Hirji.
Besides Paradex, Coinbase Pro will also offer a simplified user experience, improved charts and a new portfolio view called "My Wallets," which will give users a consolidated look into their orders and balances.
Paradex is temporarily unavailable following the acquisition.
"In our next steps together, we’ll continue to build out the existing Paradex roadmap and continue to explore the world of decentralization and the amazing opportunities at hand," Paradex wrote in a notice on its site.
The financial terms of the deal were not disclosed.
Coinbase's annoucement come days after the company launched four new major products aimed at institutional investors. In March, Coinbase announced it would launch an index fund for cryptocurrencies.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC, ETH and ZRX.
Topics Bitcoin Cryptocurrency
Apple to (finally) launch a redesigned iPad mini this fallJimmy Choo pulls Cara Delevingne ad after online backlashDid the NY Times go too easy on Donald Trump?Mystery crocodile turns up at house on Christmas, many people claim itJimmy Choo pulls Cara Delevingne ad after online backlash36 states sue Google for abusing Play Store powerBarack Obama and Prince Harry want activists to get off their hashtags and into the real worldHow to make money from your Twitter accountJennifer Lawrence got Kris Jenner the perfect Christmas presentLebron James gets his daughter some candy during a gameApple Music's new spatial audio feature is rad when it's done rightLet's talk about that mysterious baddie in 'Black Widow'Roger Federer has a blast hanging out with super cute quokkasTeam internet reunites a man with an envelope full of money after he left it in the pubUnpacking that ‘Black Widow’ credits scene and what it means for Marvel's futureDisappearing WhatsApp messages roll out to iOS beta usersTwitter to more patiently explain why you're not worthy of a blue checkYes, everything is hard, but at least your family isn't being circled by a great white sharkSamsung Galaxy S21 FE specs and pictures revealed in new leaks'Loki' composer Natalie Holt wrote that glorious theme without ever seeing the show A Visit with Patrick Leigh Fermor, Part 2 by Ben Downing How to get into swinging: A beginner's guide Wordle today: Here's the answer and hints for June 28 A Tiny Library by Sadie Stein 'Quordle' today: See each 'Quordle' answer and hints for June 28 What We’re Loving: Illuminations and Despair by The Paris Review Don't Be So Sure by Sadie Stein The Knight’s Tale, and Other News by Sadie Stein OpenAI is being sued for training ChatGPT with 'stolen' personal data Story Stamps, and Other News by Sadie Stein Twitter Blue subscribers get 25,000 Photos show stark contrast in police response to Capitol riot vs. Black Lives Matter protests Assume the more infectious coronavirus variant is in your community You’re Saying It Wrong by Sadie Stein Tatiana Salem Levy, Rio de Janeiro, Brazil by Matteo Pericoli You Two Just Crack Each Other Up by Andrew Hudgins A Girl with a Mind by Sadie Stein Farewell, Iain Banks, and Other News by Sadie Stein How to fight car When Authors Annotate, and Other News by Sadie Stein
3.5783s , 8286.6328125 kb
Copyright © 2025 Powered by 【sex hormones and other variables in human eroticism】,Exquisite Information Network