Coinbase Attracts Customers With 4% Yield On USDC, Challenging Banking Giants

Bitcoinist
Bitcoinist

30 Jun 2023 8:56 AM

Coinbase, undeterred by the ongoing legal challenges posed by the US Securities and Exchange Commission, remains steadfast in its commitment to enhancing its...

  • Coinbase remains committed to enhancing its services for crypto enthusiasts despite ongoing legal challenges from the US Securities and Exchange Commission.
  • The company has introduced Coinbase Advanced, a specialized trading platform catering to more sophisticated traders.
  • Coinbase Advanced offers traders the opportunity to earn up to 4% rewards on USDC holdings.
  • Coinbase.com, the primary trading platform, has unveiled improvements with 237 new USDC trading pairs.
  • Coinbase challenges traditional banks by offering a 4% yield on USDC holdings, surpassing the modest APYs offered by banks.
  • Coinbase is known for its focus on user experience, security measures, regulatory compliance, and user-friendly interfaces.
  • The company asserts that cryptocurrencies should not be classified as investment contracts or securities in response to the SEC's claims.
  • Coinbase's filing aims to establish a clear distinction between cryptocurrencies and traditional securities.

The overall sentiment of the article is positive. It highlights Coinbase's commitment to enhancing its services, the introduction of Coinbase Advanced, the potential for earning rewards, improvements on Coinbase.com, and the company's defense against the SEC's claims.

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You May Ask

What is Coinbase Advanced and what does it offer?How much yield does Coinbase offer on USDC holdings?What improvements have been made on Coinbase.com?How does Coinbase challenge traditional banks in terms of yield on savings?What is Coinbase's stance on cryptocurrencies being classified as securities?

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