Coinbase recently revealed that Ondo Finance (ONDO) has been added to its listing roadmap as an asset on the Ethereum blockchain. This move signifies the platform’s commitment to expanding its offerings and embracing diverse blockchain assets.
Coinbase recently added Ondo Finance (ONDO), a platform for real-world assets (RWA), to its listing roadmap. ONDO is now officially listed as an asset on the Ethereum blockchain, and you can find it using the smart contract address: 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3. This move by Coinbase reflects its ongoing efforts to expand its offerings and include a variety of blockchain assets.
Coinbase’s Listing Standards for Enhanced Transparency
Coinbase has a goal of listing every asset that meets its rigorous criteria for legal compliance and technical security. This commitment ensures that the selection process is objective and thorough, focusing on factors beyond market capitalization or project popularity.
The company emphasizes that its standards prioritize transparency in asset listings. This deliberate decision aims to establish a higher level of information symmetry for new additions to Coinbase’s diverse range of assets.
Asset added to the roadmap today: Ondo Finance (ONDO)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) January 17, 2024
In alignment with its roadmap, Coinbase includes assets on the Solana blockchain represented as SPL tokens. Additionally, the platform features assets marked under the Experimental label, denoting newly created assets or lesser-known tokens. While providing a broader array of options, these assets may involve additional trading risks, including heightened price swings and increased order cancellations.
Coinbase’s Evolution: From Bitcoin Platform to Global Expansion
Founded in 2012, Coinbase initially focused on providing a secure and user-friendly platform for buying and selling Bitcoin. Over the years, the company has significantly expanded its offerings, now supporting the trading of more than 150 assets, showcasing its evolution in the cryptocurrency space.
Coinbase recently entered a partnership with Yellow Card, an African stablecoin exchange within Coinbase’s portfolio. This collaboration aims to extend access to Coinbase’s products in emerging economies, beginning with 20 countries across Africa. The company’s broader international services include spot trading tailored for non-US institutions, introduced last year. Additionally, Coinbase revealed plans to acquire a MiFID-licensed entity, signaling intentions to enhance its derivatives offerings within the European Union.
However, Coinbase faces a legal dispute with the US Securities and Exchange Commission (SEC). The SEC has accused Coinbase of violating national securities laws by allegedly selling 13 cryptocurrency tokens as unregistered securities and failing to register its staking-as-a-service program. The company is scheduled to respond to these allegations in court on January 17th, navigating legal challenges as it continues its trajectory towards comprehensive asset inclusion and global expansion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
