BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Coinbase Takes Another Step Toward Trading ICO Tokens by Acquiring Paradex

Coinbase Takes Another Step Toward Trading ICO Tokens by Acquiring Paradex




Cryptocurrency exchange Coinbase has taken another step toward trading ERC20 tokens by acquiring decentralized relayer Paradex . ERC20 is the Ethereum technical standard that the majority of initial coin offering (ICO) tokens are based on. Paradex announced the news on its website today, May 23, 2018, adding that its site will be down temporarily while it works to make the integrations with Coinbase.    Paradex bills itself as a decentralized exchange (DEX), meaning no third party is involved in holding the funds. Instead, users can use the platform to trade ERC20 tokens directly wallet to wallet. Paradex is built on top of the 0x (pronounced “zero x”) protocol .   Right now, Coinbase trades four coins: bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC). Adding ERC20 tokens could significantly boost the number of digital assets it carries. Due to the ICO boom that has taken place over the last few years, thousands of different ICO tokens are now available.   But because U.S. regulators are in the midst of clarifying their stance on virtual currencies, many exchanges are holding back from listing ICO tokens. In March 2018, the U.S. Securities and Exchange Commission (SEC) issued a clear warning to virtual currency exchanges that some ICO tokens may qualify as noncompliant securities, and any exchange that lists security tokens needs to either register as a national securities exchange or operate under an exemption and set itself up as an alternative trading system (ATS). To that end, in April 2018, Coinbase reportedly entered into talks with the SEC to take steps to become an ATS. In a possible lead-up to those plans, in late March 2018, Coinbase announced it was adding support for ERC20 into all its trading platforms. In a blog post , Coinbase CEO Brian Armstrong stated that Coinbase is initially planning to offer Paradex to customers outside of the U.S. and eventually to its U.S. customers. Coinbase offers two types of trading platforms: Coinbase for novice traders and GDAX for the more experienced traders. According to Reuters , Coinbase is revamping GDAX and rolling it over to a new service dubbed “Coinbase Pro” next month.  



This article originally appeared on Bitcoin Magazine .

- - - - -

Thank you for Share!

   
Read the full Article

Read the full Article: Coinbase Takes Another Step Toward Trading ICO Tokens by Acquiring Paradex


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News