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Coinbase Expands Crypto Trading as U.S. Strengthens Digital Asset Market
In a significant move, Coinbase has announced the expansion of its crypto trading options by adding new assets and planning major hiring efforts amid ongoing regulatory talks.
The digital asset exchange giant has updated its trading features by listing Aethir (ATH) and Syrup (SYRUP) on its platform. The newly listed assets operate within the Ethereum blockchain framework, further solidifying Coinbase’s commitment to expanding its supported digital assets as retail clients and institutional investors increasingly turn their attention to the burgeoning market.
While this development is noteworthy in itself, it comes at a time when regulatory discussions have reached a crucial stage in Washington. Industry leaders joined forces with representatives from the SEC’s crypto task force for an exclusive summit aimed at laying the groundwork for better rules governing digital finance. Coinbase CEO Brian Armstrong hailed this event as a historic day, emphasizing that these new regulations would be instrumental in shaping the future of the industry.
Coinbase’s plans to onboard around 1,000 additional staff members in the United States throughout the year are an indication of its unwavering commitment to fostering innovation and growth within the digital asset space. The massive hiring drive is a direct response to the positive implications that regulatory progress could have on the broader economy and the sector as a whole.
As the U.S. takes steps towards formalizing its stance on digital assets, exchanges like Coinbase are poised to capitalize on this trend by offering enhanced services to an increasingly eager market participant pool.
Source: https://cryptonewsland.com/coinbase-expands-crypto-trading-as-u-s-strengthens-digital-asset-market/
