Coinbase Stops Multisig Vaults Support

. Support for multi-signature vaults will stop on April 19 this year
23 March 2018   779

The American cryptocurrency company Coinbase stops multisig vaults support, whose additional level of security is provided by the multi-signature function. This is reported by Bitcoin.com.

Among the main reasons for this decision, representatives of the company call the low popularity of this option among customers, as well as negative feedback from them. Support for multi-signature vaults will stop on April 19 this year.

By removing this functionality, engineering time spent on supporting multisig vaults can be reallocated to continued investment in the security and reliability of our platform, which is of critical importance to our customers.
 

Coinbase Team

Also company explained that the increase in the number of bitcoin hardforks complicates the maintenance of such vaults, as well as ensuring the possibility of withdrawing coins that appear as a result of these events.

For users of multisig vaults, the company recommends making sure that they have two private keys required to manage their assets.

Coinbase to Represent New Listing Rules

As stated by Coinbase, their goal is to list all assets that meet the internal standards of the site and local legislation
26 September 2018   415

The leading US cryptocurrency exchange, Coinbase, introduced official rules for listing of new digital assets, and also suggested to the project creators a tool with which they can submit relevant applications.

As noted in the blog of the company, the search for a solution to expand the list of available coins prompted numerous user appeals.

Representatives of Coinbase noted that their goal is to list all assets that meet the internal standards of the site and local legislation. To do this, rules were developed for the safe addition of crypto currency.

In its commission, however, the company warned that due to the specifics of the country's legislation, some assets added in the future may be available only to users of certain jurisdictions.

To apply for an asset, project representatives will need to fill out a questionnaire. Simultaneously, the Coinbase team clarified that some assets can be added at its discretion even without filing a listing application.

In addition to adding more assets, Coinbase plans to expand the list of training materials and tools for cryptocurrency trading.

Currently, Coinbase supports five crypto-currencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.

In July, representatives of the site reported that they are studying the possibility of adding Cardano, Basic Attention Token, Stellar Lumens, Zcash and 0x.