Coinbase
$2.21B
This service creates liquidity pools—funds used to facilitate token swaps—restricted to users who pass Coinbase’s identity verification process.
The goal is to provide a more secure trading environment while keeping the flexibility of on-chain markets.
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Users can access Verified Pools through Coinbase Wallet, Prime Onchain Wallet, or any other wallet that has a Coinbase Verifications credential. Initially, the feature will be available in select regions, including the US, the Netherlands, Singapore, the British Virgin Islands, the Channel Islands, and the Cayman Islands.
The Verified Pools system operates on Base, Coinbase’s Layer-2 network built on Ethereum
To strengthen security, Coinbase has partnered with Gauntlet, a risk management firm, to help maintain liquidity and reduce exposure to potential issues.
This initiative is part of Coinbase’s strategy to ensure regulatory compliance. By requiring Know Your Customer (KYC) verification, the exchange aims to make DeFi more accessible to institutions that have been hesitant to engage due to security and legal concerns. The verification process ensures that only approved users can participate.
On March 11, Starknet, an Ethereum-based Layer-2 network, announced plans to enhance Bitcoin’s speed and lower fees. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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