“Coinbase Enables USDC Trading and Offers Rewards for Holding”
Coinbase, a popular cryptocurrency exchange, has announced an upcoming feature that will allow users to trade using USDC. This feature will provide faster trading and a more rewarding experience for users.
More USDC trading pairs means a faster and more rewarding Advanced Trade experience.
See what else is coming soon to the platform. 👀 pic.twitter.com/ww3vBJdewQ
— Coinbase 🛡️ (@coinbase) May 18, 2023
On May 19, Coinbase made an announcement on Twitter about a new advanced trade option. The tweet mentioned that this feature enables users to trade using USDC. Moheeth Alvi, a senior product manager at Coinbase, explained that with advanced trade, users can trade in USD order books and settle those trades using USDC.
With this new feature, the coverage of USDC on Coinbase will be expanded beyond the existing free pair. The exchange currently supports over 200 trading pairs, and with the launch, traders based in the United States will have access to the USDC market.
Additionally, the exchange offers faster trade executions, allowing users to directly buy and sell using their USDC. Moreover, users have the opportunity to earn rewards by simply holding any amount of USDC in their accounts.
This information is for general knowledge only and should not be considered as advice for investing or making financial decisions.