Coinbase Expands Crypto Offerings to New York Residents; Adds ZCash and USDC

eToro

Global crypto trading platform Coinbase, on Tuesday, made two new tokens, ZCash and USDC available for New York residents. The New Yorkers can now access these tokens via the Coinbase website or Coinbase mobile application that is available on both, Android and iOS.

North America is arguably the most important market for the crypto industry, which is why the top trading platforms including Coinbase, Huobi Global, Binance, etc., are stepping up their game in the United States, particularly targeting audience from megacities like New York, Frisco, and Boston. In fact, Coinbase’s biggest competitor, Binance, launched a separate website for the world’s largest economy last year, despite the fact that politicians in the country have displayed hostility towards the crypto industry.

Coinbase has been quite active recently, with a successful beginning to 2020. The company recently inaugurated its international office in Dublin, Ireland. However, the crypto exchange has been quite understated, quietly going about its business without making any fuss. Therefore, it also has the credibility of not being an over-hyped company like others in the industry.

ZCash is a privacy-focused token, aimed at providing better privacy than established players like Bitcoin, Ethereum, Litecoin, etc. Based on the Ethereum protocol, on the other hand, USDC is a stablecoin created by the CENTRE Consortium, backed by the US Dollar.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button