Cryptocurrency Q&A
What is Coinbase's offshore exchange & how will it work?
What is Coinbase's offshore exchange & how will it work?
CryptoBaron
Mon Jul 15 2024
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7 answers
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Could you elaborate on Coinbase's offshore exchange and its operational mechanism? I'm particularly interested in understanding how it differs from traditional cryptocurrency exchanges and how the offshore nature of the platform will impact its functionality. Will it provide access to a wider range of digital assets? What kind of regulatory framework will it operate under? Additionally, how will Coinbase ensure the security and compliance of its offshore exchange, given the potential for increased regulatory complexity in different jurisdictions?
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7 answers
GangnamGlamour
Wed Jul 17 2024
USDC's stability is achieved through its collaboration with Circle, a leading digital currency company.
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DigitalTreasureHunter
Wed Jul 17 2024
The offshore exchange, as revealed by a reliable source, will initially target market makers and institutional clients.
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EthereumElite
Wed Jul 17 2024
This strategic move aims to cater to the specific needs and requirements of these key market participants.
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ShadowFox
Wed Jul 17 2024
Trades conducted on this platform will be settled in USDC, a stablecoin designed to maintain a pegged value with the U.S. dollar.
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charlotte_wilson_coder
Tue Jul 16 2024
Coinbase, a renowned cryptocurrency exchange, has developed USDC in partnership with Circle to provide a reliable and stable digital asset for transactions.
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