Coinbase, the largest cryptocurrency exchange in the United States, has made an important announcement concerning 8 altcoins a few minutes ago. The crypto exchange has started to consider markets outside the US in order to increase its revenues. The biggest indicator of this is the launch of Coinbase Global.
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Coinbase is doing its best to diversify its user base, although it is not currently looking for a separate nest. Coinbase Global and its efforts to comply with various jurisdictions are the clearest indicators of this. They have now announced that 8 cryptocurrencies are available for investment for users residing in Germany. The announcement stated the following:
“HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, ATA are now available for residents of Germany.”
Investors in the German jurisdiction can now buy and sell the mentioned 8 cryptocurrencies. On the other hand, the company’s battle with the SEC continues. Although the SEC experienced disappointment in the Ripple decision regarding the classification of altcoins as securities, it will continue to exert pressure on crypto exchanges.
The recent announcement seems to have helped reduce the losses of the mentioned altcoins, albeit to a small extent. For example, ARB Coin hit a low of $1.15 in the evening hours today and climbed back above $1.17 with the announcement.
