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.
Coinbase is the biggest cryptocurrency exchange in the U.S. Helmed by Brain Armstrong, a former Airbnb engineer, it is one of the most influential digital finance upstarts challenging Wall Street.
How To Make Money With Coinbase In 2022
These features mean that “Coinbase has become a crypto bank,” says Nash Exchange co-founder Fabio Canesin. “It’s much closer than [to a bank] than anything else because it is completely centralized,” Canesin told Crypto Briefing. “They even acquired [Neutrino], which means complete de-anonymization of the user.
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