The Financial Services Agency (FSA) of Japan granted a permit to Coinbase, the US-listed cryptocurrency exchange, becoming the first Western firm to receive a license of its kind. The FSA updated its database on crypto exchanges licensed, and according to the guidelines, the company is approved to offer trading services on Bitcoin
Brian Armstrong, Coinbase’s co-founder and CEO, has revealed the majority of traders on Coinbase Pro are now institutional investors. Speaking to Fred Wilson, co-founder of Union Square Ventures and investor in Coinbase, Armstrong said: “90% of the money in the world is tied up in institutions, it’s not just retail.
Coinbase announced in a blog post on Tuesday that its Coinbase Pro product will begin accepting deposits for four new cryptos: DAI, GNT, MKR, and ZIL. Deposits will be taken for at least 12 hours before enabling trading to establish liquidity. This announcement comes after Coinbase announced that it was exploring the addition of over thirty new
Coinbase announced Wednesday that it is launching a new version of its GDAX platform called Coinbase Pro and acquiring crypto trading relay platform Paradex. The new platform seeks to “make the trading experience easier and more intuitive,” according to the co. Other features include a new charting system which provides