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Cryptocurrency exchange Coinbase revealed that it has made decentralized finance (defi) easier to obtain by allowing Coinbase customers from more than 70 countries/regions to obtain the income of the stable currency DAI. Coinbase claims that the process is simple, with “no fees, locks, or setup hassles” because the company believes that “defi has great potential to help increase economic freedom.”
Coinbase now provides the income of Defi stablecoin issued by Makerdao
Coin Bank already Announce It has opened decentralized finance (defi) services to customers in more than 70 different countries.The news is in the company announcement Last week it revealed that it had acquired BRD Wallet and Unbound Security. According to Coinbase, qualified customers in these countries can now earn income through the defi stablecoin called DAI issued by Makerdao.
“Today, we launched a new way for Coinbase’s global customers to put their cryptocurrency into use and earn revenue,” the company’s announcement explained. “We are making defi more accessible, enabling qualified customers in more than 70 countries to obtain attractive defi benefits from their Dai without any fees, lock-in or setup hassle.”
Coinbase Defi users must live in an eligible jurisdiction
Coinbase pointed out that customers who want to participate in DAI revenue must visit the Coinbase app or the DAI asset page on Coinbase.com. The user needs a DAI balance to earn it, and the customer must be located in an eligible jurisdiction. For some time, Coinbase has been interested in entering defi-based yield earning and loan programs.It had previously planned to showcase loan products, but threat By the US Securities and Exchange Commission.
Cryptocurrency exchange listed on NASDAQ Abandon the loan plan Currently. In addition, the latest defi income earning service provided by Coinbase is currently not available for US customers. Coinbase pointed out that the service of providing DAI revenue is just the beginning, because the company’s goal is to use “more types of assets and more defi agreements” in the future.
What do you think of Coinbase providing defi services to customers in more than 70 countries/regions? How do you think the United States is currently excluded from the Coinbase earnings plan? Please tell us your thoughts on this topic in the comments section below.
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