Coinbase Enhances Its Asset Portfolio with Ondo Finance (ONDO), Shines a Spotlight on Transparency Practices

Cryptocurrency exchange Coinbase ann the inclusion of Ondo Finance (ONDO) is a platform for real-world assets (RWA) and is now officially part of Coinbase's asset lineup on the Ethereum blockchain, with the designated smart contract address: 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3.

Coinbase's goal is to include every asset that meets its stringent criteria for legal compliance and technical robustness. Notably, the company stresses that these criteria are independent of a project's market cap or renown.

Coinbase has chosen to enhance its transparency measures with this initiative, aiming to offer clearer information regarding new asset listings.

Within the existing roadmap, there are assets represented as SPL tokens on the blockchain. Furthermore, Coinbase has a category labeled Experimental that encompasses newly minted assets or lesser-known tokens. Solana These new assets may carry extra trading risks, such as increased volatility and a higher likelihood of order cancellations. assets Founded in 2012, Coinbase initially focused on creating a safe and user-friendly environment for Bitcoin transactions. Today, the platform has expanded dramatically, now offering over 150 assets for trading.

Coinbase has formed a partnership with Yellow Card, a stablecoin exchange based in Africa, which is part of its broader strategy to expand access to its services across emerging markets. This partnership will kick off with outreach to 20 nations throughout the African continent. This development follows last week's announcement regarding Coinbase's plans to acquire a MiFID-licensed firm to enhance its derivatives offerings in the EU.

Coinbase Platform’s Evolution

Additionally, last year, Coinbase extended its international services by launching spot trading options specifically targeted at non-US institutions.

Recently, Coinbase A legal battle is currently underway involving Coinbase and the U.S. Securities and Exchange Commission (SEC). The SEC has filed allegations against Coinbase, claiming violations pertaining to national securities regulations. In particular, they assert that Coinbase has sold 13 cryptocurrency tokens that they categorize as unregistered securities and that the platform has not properly registered its staking-as-a-service program. A court date is scheduled for January 17th to address these serious claims.

With this latest announcement, Coinbase is forging ahead with its mission of comprehensive asset inclusion, navigating both legal hurdles and a path to global expansion.

Presently, Coinbase Securities and Exchange Commission accusations Please be aware that the information shared on this page does not serve as, and should not be interpreted as, any form of legal, tax, investment, or financial advice. It's crucial to only invest what you can afford to lose and, if in doubt, seek independent financial counsel. For more information, we recommend reviewing the terms and conditions as well as the support pages provided by the issuer or advertiser. MetaversePost strives for precise and unbiased reporting, but market conditions are subject to rapid changes.

Alisa, an enthusiastic journalist at Cryptocurrencylistings, focuses her expertise on cryptocurrency, zero-knowledge proofs, investments, and the vast universe of Web3. With a sharp eye for emerging trends and innovations, she provides in-depth coverage to engage and inform readers in the dynamic world of digital finance.