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Coinbase Launches A mobile Platform For It’s Coinbase Pro Users


Popular digital currency exchange, Coinbase is said to be building mobile applications for its coinbase pro users. At the moment, iOS version of the app is available for download while the android version is said to under development, soon to be made downl
oadable.

Coinbase Develops Mobile Apps For PRO users

According to the report today by the digital currency exchange, Coinbase, the mobile app is exclusive to Coinbase Pro users using the platform professionally while the primary Coinbase.com interface remains as simple and easily navigated as possible for the larger population of users.

The Pro app described is said to have individual pair pages from which customers can get real-time price update, live charts, order books and active orders, trade history and users can also set a buy or sell order.

“Unlike traditional capital markets, crypto trades 24/7. Opportunities to buy and sell present themselves at all hours of the day. This means it’s critical for the sophisticated crypto traders that Coinbase Pro serves to have access to the tools and information they need to capitalize on these moments when and where they need it.”

Aside from the pair pages, there also exist tabs in which users can access their portfolio of crypto assets and also see their equivalent values in fiat currencies. As all fiat withdrawals remain tied to the main Coinbase website, it is possible for Pro app users to make direct deposits and withdrawals from their mobile application.Advertisement

Coinbase Developing A Synergy To Rate Cryptos

Coinbase is a leading digital currency exchange that broker exchanges for cryptocurrencies like bitcoin, ethereum, bitcoin cash, ethereum classic, and litecoin with fiat currencies with a global reach of about 32 countries. Recently, Coingape reported that Coinbase and other crypto big names are collaborating to develop a crypto rating system that will be used to classify cryptocurrencies as being securities or not. According to the report, Other crypto platforms and companies identified to be involved in this innovation are Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale, and Kraken. These crypto “big boys” are forming a Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.


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Coinbase is Still Investigating Degraded EOS Performance After 3 Days

A few years ago, Ethereum would get clogged up every time  a popular ICO took place.

Today, the EOS blockchain is seemingly operating at full capacity.

More specifically, this incident originally began three days ago, according to Coinbase.

Today, the company claims that it is still investigating the incident. 

So far, no official explanation has been provided as to what may be causing transaction delays. 

There was the launch of VOICE, a new social platform built on top of the EOS blockchain. 

Even so, it appears that this project is getting a lot of backlash due to it requiring users to verify their identity. 

As such, it seems unlikely that this project is causing any big delays at this time. 

Coinbase also tends to note degraded performance when the network is working just fine.

Since no major issues have been reported by users, it would appear that EOS is doing just fine.

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Kyber Network (KNC) Coming to Coinbase Pro: What Might Be Added Next?

This week, San Francisco-based cryptocurrency exchange giant Coinbase announced that KNC, the native asset of the Kyber Network liquidity aggregator project, would be supported on its advanced trading platform, Coinbase Pro, starting on February 24th.

The news immediately sent a wave of excitement through the Kyber community, as Coinbase is one of the largest and most reputable crypto brands in the world and can thus further legitimize and help introduce the DeFi liquidity provider to new audiences.

“The Kyber protocol aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application,” Coinbase explained.

The exchange has stayed mum for now on if or when KNC will be listed on Coinbase.com and its retail-facing mobile apps, but considering the trajectories the company has taken with other tokens in recent months, it seems likely that such support is indeed on the horizon.

Now the question on many cryptoeconomy stakeholders’ minds is which projects might enjoy the fabled “Coinbase Bump” next?

What We Know

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Here, it’s worth noting that Coinbase’s various arms will always undoubtedly be disparate in their crypto offerings. For instance, Coinbase Custody, the exchange’s enterprise unit, will likely support a wider array of tokens than Coinbase.com in perpetuity.

Even still, the exchange has openly revealed the projects it has generally considered for listing on several occasions, and the tokens that Coinbase lists on one arm, like Coinbase Pro, can signal the interest it has in doing so on another, like Coinbase.com.

Tokens of Interest

Coinbase has made good on listing more than a handful of the tokens it has publicly admitted to being interested in. Though there are plenty of other projects that may still be on the slate.

Back in the fall of 2018, the U.S. exchange made waves when it revealed it was considering adding support for 31 new cryptocurrencies.

Some of those projects have since hit the exchange’s books, including XRP, EOS, Tezos (XTZ), Stellar (XLM), Augur (REP), Chainlink (LINK), and the Dai stablecoin.

However, other notable projects from that lot that Coinbase could still be considering to further support in the foreseeable include the following:

  • Cardano (ADA)
  • Enjin (ENJ)
  • Golem Network (GNT)
  • Decentraland (MANA)
  • Maker (MKR)
  • Status (SNT)

One year later, Coinbase confirmed it was considering adding further support for another batch of tokens, this time around being Algorand, Cosmos, Dash, Decred, Ontology, Waves, and two Binance Launchpad projects in Harmony and the Matic Network.

“Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation,” the exchange said in a blog post at the time.

Since then, the exchange has added Cosmos’s native ATOM token to both Coinbase Pro and Coinbase.com. Furthermore, in October 2019 the company also revealed that Coinbase Custody planned to support the Orchid (OXT), Solana (SOL), and Telegram Open Network (GRM) projects.

Orchid was listed across all Coinbase’s arms in December 2019, suggesting the same trajectory might be in store for SOL and GRM.

Coinbase Now a Principal Member of Visa

In other Coinbase news, the exchange announced on February 19th that Visa had approved the unicorn startup as a principal member, making it the first crypto-native company to have earned such approval from the traditional payments powerhouse.

“Visa membership will enable us to further improve the customer experience, making it easier to spend cryptocurrency in everyday situations,” noted Coinbase, which launched their Coinbase Card debit card offering in 2019.

Thus as Coinbase continues to expand its token offerings, Coinbase Card users should find it increasingly easy to spend a variety of cryptocurrencies  in mainstream contexts.

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Coinbase Become Principal Members Of Visa

  • As one of the main members of Visa, the Coinbase perform will now be allowed to issue its debit cards without relying on third-parties.
  • It was announced earlier this week that the membership will be happening between the two companies.

As one of the main members of Visa, the Coinbase perform will now be allowed to issue its debit cards without relying on third-parties.

It was announced earlier this week that the membership will be happening between the two companies. This is a continuation of the current relationship that the two companies have with providing a Visa based debit card called Coinbase Card. This gives customers the ability to reside in the European Union or European community where they can spend their digital assets.

Even though the card itself is able to work on an international scale, it cannot be ordered by people who reside outside of the aforementioned regions. The platform reported that the card is seeing the most usage in the United Kingdom. This is swiftly followed by Italy, Spain and then France.

With this new integration with the payments firm, Coinbase is hoping that it will be able to provide further services and support more markets over time. The company is confident that it is the first “pure-play crypto company” to become a principal member.

The current design of the card was launched in 2019 in the United Kingdom however, Coinbase have previously supported the shift crypto card which drew funds from user’s exchange balance. This is a service that was launched five years ago in 2015.

With this new integration with the payments firm, Coinbase is hoping that it will be able to provide further services and support more markets over time. The company is confident that it is the first “pure-play crypto company” to become a principal member.

The current design of the card was launched in 2019 in the United Kingdom however, Coinbase have previously supported the shift crypto card which drew funds from user’s exchange balance. This is a service that was launched five years ago in 2015.

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