Cryptocurrency Q&A
Is busd on Coinbase?
Is busd on Coinbase?
Maria
Thu Aug 01 2024
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7 answers
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Could you please clarify if the Binance USD (BUSD) cryptocurrency is available for trading or holding on the Coinbase platform? As a cryptocurrency enthusiast, I'm interested in diversifying my portfolio and BUSD seems like a stable and reliable option. However, I'm not sure if Coinbase supports it. Could you please provide some insight into this matter?
7 answers
SeoulStyle
Fri Aug 02 2024
This limitation may be due to various factors, such as regulatory requirements, business decisions, or technical considerations. Coinbase may also have its own stablecoin offerings that it prioritizes over BUSD.
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HallyuHype
Fri Aug 02 2024
Despite not being tradable on Coinbase, BUSD remains a popular choice among cryptocurrency traders and investors due to its stability and widespread acceptance. It is available for trading on many other exchanges and platforms, including Binance, where it was originally launched.
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Andrea
Fri Aug 02 2024
Binance USD, commonly abbreviated as BUSD, is a stablecoin designed to maintain a stable value against the US dollar. It is issued and backed by Paxos Trust Company, a regulated financial institution, and is audited regularly to ensure its reserves match the number of BUSD tokens in circulation.
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alexander_rose_writer
Fri Aug 02 2024
In addition to its use as a stablecoin, BUSD also offers several other benefits to users. For example, it can be used to facilitate cross-border transactions and remittances, reduce transaction fees, and provide a more stable store of value compared to other volatile cryptocurrencies.
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CryptoLegend
Fri Aug 02 2024
Despite its growing popularity and widespread adoption in the cryptocurrency ecosystem, BUSD is not available for trading on Coinbase, one of the largest and most popular cryptocurrency exchanges in the world.
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