Coinbase to Increase Daily Trading Volume to $25k

This and another update will be available to US residents in the coming weeks
09 August 2018   1373

The American company Coinbase announced the forthcoming launch of the instant trading option for users who replenish the dollar deposit by bank transfer. The trading limit on the exchange will be increased to $ 25,000.

Note that updates will be available to US residents in the coming weeks. The company also promised to make new options available to users from other countries in the future.

Coinbase to Help Determine Whether Coin is Security

The system, which is developed together with Kraken, Circle and Bittrex, will help exchanges to determinate whether a coin is a security under US law
01 October 2019   133

Bitcoin exchange operators, including Coinbase, Kraken, Circle and Bittrex, have developed a system to evaluate which cryptocurrencies are classified as securities under US law.

According to the Wall Street Journal, the system will help exchanges decide which digital assets to list and which ones to not deal with so as not to violate the requirements of securities laws.

A specially created Cryptocurrency Rating Council evaluates digital assets based on the rules and recommendations of the US Securities and Exchange Commission (SEC). Cryptocurrency project developers do not participate in asset valuation, but may provide additional information.

The rating structure assigns from 1 to 5 points to the asset in question. The highest value indicates that cryptocurrency has the maximum number of signs of a security.

The Council published the results of an assessment of 20 cryptocurrencies. Bitcoin, Litecoin (LTC), Monero (XMR) and DAI each received 1 point, which indicates the minimum probability of classifying them as securities. The same applies to Ethereum (ETH) - only 2 points.

Ripple's XRP was at risk with 4 points. Closer to this value, the ratings of tokens EOS, FOAM, Stellar (XLM), Tezos (XTZ), Augur (REP), Hedera Hashgraph (HBAR) and LOOM from Loom Network - 3.75 points.

The system itself selects digital assets for valuation, but may consider the application.

In addition to exchange operators, the founders of the Cryptocurrency Rating Council were custodial and trading companies of the industry, including Anchorage, a division of Cumberland holding DRW, Genesis Global Trading and Grayscale Investments.