Coinbase Enhances Crypto Offerings in New York as Regulations Ease
Coinbase Expands Crypto Offerings in New York
Coinbase (NASDAQ: COIN), the leading United States crypto exchange, has significantly increased its asset offerings in New York, catering to the growing demand for digital currencies. This development comes as the Southern District of New York is set to soften its previously stringent anti-crypto stance in light of recent events following the FTX situation.
The Shift in New York's Regulatory Environment
Historically, New York has had strict regulations regarding cryptocurrencies, necessitating services to comply with specific standards. However, a recent decision by a Manhattan US Attorney and hints of potential policy changes from Gary Gensler suggest a more favorable era for crypto operations is on the horizon.
New Entrants to Coinbase’s Offerings
- Arbitrum (ARB)
- Sei Network (SEI)
- Aioz Network (AIOZ)
- MultiversX (EGLD)
- Helium Mobile (MOBILE)
- Stader (SD)
As of Wednesday, November 13, New York residents can now access six additional cryptocurrencies through Coinbase's platform, enhancing the options available to investors and traders alike.
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