- Current Crypto Market Situation
- Coinbase's New Announcement
- Significance of the Announcement for New York Users
Coinbase has announced a new step to expand the availability of altcoins for its users in New York.
Current Crypto Market Situation
Bitcoin (BTC) is hovering around the $59,000 mark, with no significant movements in the crypto market for the past few days. Fluctuations continue within a narrow range. The day remains negative for altcoins because BTC, which exceeded $60,000, fell below $58,000 within a few hours. However, there are positive developments for some altcoins.
Coinbase's New Announcement
Some altcoins are trying to attract users’ attention during these shallow periods through agreements and reward programs. Although listings and many good news do not provide the expected price support, they have the potential to be priced in the medium term. Coinbase exchange has just announced some good news that we can see the effects of in the medium term.
Significance of the Announcement for New York Users
The exchange announced that five altcoins are now accessible to users in the New York region: "Five new assets are now available for New York users. **NEAR**, **AERO**, VET, VTHO, and PYUSD (ERC-20) can now be used by NY residents on our website and Coinbase iOS/Android apps. Coinbase customers can log in to buy, sell, convert, send, receive, or store these assets." The investment permission for NY is an important legal detail. Since some local jurisdictions have different rules, it is positive that these altcoins are getting permission.
The expansion of altcoin availability for New York users demonstrates Coinbase's effort to improve services and simplify access to various assets, despite local jurisdiction regulations.
Comments