Newsflash: Coinbase expands + XRP in New York & Stuttgart stock exchange introduces XRP and LTC ETN’s
Home News Newsflash: Coinbase expands + XRP in New York & Stuttgart stock exchange leads XRP and LTC ETN’s a
Marcel Knobloch –
Coinbase is expanding
The leading crypto-currency exchange Coinbase is expanding the number of traditional Fiat Deposit payment options. Coinbase intends to use the Stablecoin USD Coin (USDC), global traders and investors who want to hedge against Inflation and crypto-Trades want to make. The company says that the USDC-trade is now in 85 countries on Coinbase and Coinbase Pro available. In the announcement, Coinbase says:
For new customers in countries such as Argentina and Uzbekistan, where the consumer will increase prices in 2020 by 10-20%, could provide stable coins such as USDC is a possibility of protection against Inflation. We will not be able to realize this Vision fully, without increasing the number of traditional Fiat Deposit options, we want to extend to opportunity.
The recent enlargement opens up the platform for millions of people living in the following countries: Angola, Armenia, Aruba, Bahamas, Bahrain, Barbados, Benin, Bermuda, Botswana, Brazil, British virgin Islands, Brunei, Cameroon, Cayman Islands, Costa Rica, Curaçao, Dominican Republic, Ecuador, El Salvador, Ghana, Guatemala, Honduras, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Macau, Maldives, Mauritius, Mongolia, Montenegro, Namibia, Nepal, Nicaragua, Oman, Panama, Paraguay, Rwanda, Serbia, South Africa, Taiwan, Trinidad and Tobago, Tunisia, Turkey, Uganda, Uruguay, Uzbekistan and Zambia.
Germany is however excluded to remain in the Terms and conditions of the trading platform.
XRP trade is now in the state of New York
Originally, Coinbase launched the XRP trading in February at Coinbase, so that customers were able to buy XRP with Bitcoin, the US Dollar and the Euro, and in various, limited countries. However, users from the state of New York because of regulatory problems from this Service were excluded. The state of New York is particularly strict when it comes to the approval of cryptographic licenses. Coinbase seems to have this Problem to have now apparently been overcome.
Coinbase’s announcement about the expansion of trade of XRP was already on 13. May on your Twitter Account:
Since the announcement yesterday evening, the XRP price is in a strong upward trend. The announcement from Coinbase spread like wildfire, which led to a strong influence on the XRP price. XRP rose within 8 hours by approximately 25 percent.
Stuttgart stock exchange introduces XRP and LTC ETN’s
The message coincided with a press release, the second – largest German stock exchange Stuttgart stock exchange (SWB), which announced that it has listed two crypto-currency based Exchange Traded Notes (ETN’s) for XRP and Litecoin (LTC). The SWB ETN’s will be the first of its kind in Germany, and against the Swedish Krona and the Euro traded to be. SWB Board of management Jürgen Dietrich recognizes the increased institutional demand and said that there is currencies, “a great interest in Crypto”. In the official press release says:
With these ETNs investors in Germany for the first time, the future price development of the two crypto-Litecoin, and Ripple currencies and track exchange-traded securities.
Although the crypto-sleep markets never be offered to the crypto-ETN’s “only” from 8:00 until 22:00 to trading on the exchange.
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