Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
OpenCover, a company that secured $4 million in seed funding with prominent investors such as NFX and Jump Crypto at the helm, recently received an additional injection of $200,000 in funding from Coinbase to enhance its launch on Base.
Coinbase (COIN) reported securing $57 million for their platform as of September 1, as detailed in an official filing with the SEC.
Why Are Coinbase Fees So High? I’ll give the top three reasons off the bat: 1) People new to crypto don’t know any better and/or don’t notice 2) People love their awesome mobile/desktop user interface (UI) 3) People feel safer with Coinbase because it’s a regulated, publicly-traded company in the US
Since Coinbase incurs and pays network transaction fees, such as miner’s fees, for transactions on cryptocurrency networks, they will charge consumers a fee based on their estimation of the network transaction they anticipate for each purchase. The company will reveal all transactions at the time of order.
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