In the world of Bitcoin and altcoins, there is a concept called the Coinbase effect. It is important for a cryptocurrency to be on this exchange. Because it gives an image of legitimacy to the project. On the other hand, projects reach different jurisdictions with Coinbase. In this context, each listing news also points to an atmosphere of excitement.
Coinbase has listed 8 altcoins
Coinbase, one of the world’s largest cryptocurrency exchanges, made an important move today. Accordingly, in the last few minutes, he announced new developments to the cryptocurrency world with an exciting announcement. Accordingly, there are listing news for 8 altcoins. This also means good news for 8 altcoins. As such, the entire cryptocurrency market focused their attention on these developments.
On the other hand, developments reveal different situations. Coinbase, for example, is growing in Germany despite regulatory challenges. Coinbase, one of the leading cryptocurrency exchanges, appears to be making good progress in the German market, despite recent legal challenges with the US Securities and Exchange Commission (SEC). The exchange recently announced the launch of trading for 8 altcoins in Germany. The latest moves also mean a move that separates it from the licensing issues Binance has been experiencing in Europe.
8 altcoins now available in Germany
Coinbase took to its official Twitter account to announce the new altcoins available to German residents. When we look at the share made by Coinbase as cryptokoin.com, we see that there are 8 altcoins. These altcoins are HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO and ATA.
HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, ATA are now available to Germany residents.
— Coinbase Assets 🛡️ (@CoinbaseAssets) July 25, 2023
This listing also means specially developed trading options. Accordingly, it becomes clear that there will be no problem in accessing these cryptocurrencies for users in Germany. Users in Germany can now use the iOS and Android apps on Coinbase to buy, sell, convert, send, receive or store these assets. On the other hand, they will also need to update their apps to access these expanded trading options.
Global expansion despite SEC pressure
Coinbase seems undeterred despite facing pressure from the US SEC. It is also taking important steps in expanding its services to users around the world. The move to offer altcoin trading in Germany is significant. It is a testament to Coinbase’s commitment to embrace new opportunities and develop its global presence. All these steps are also a sign that the cryptocurrency market is growing.
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