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


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.
  •, 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, and the company's defense against the SEC's claims.

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