Beginning on Friday (September 10, 2021), Rari Governance Token (RGT) and XYO Network (XYO) will be available via Coinbase.com and via the Coinbase Android and iOS applications.
Coinbase (NASDAQ:COIN) clients will be able to trade, send, receive, or store RGT and XYO tokens in most Coinbase-supported jurisdictions, with exceptions due to regulatory restrictions or other issues. Trading for these crypto-assets is also offered on Coinbase Pro, the platform for professional traders.
Rari Governance Token (RGT) is an Ethereum (ETH)-based token that’s used to power transactiions on Rari Capital, which is described as a decentralized protocol for lending and borrowing. The Rari Governance Token is used for offering fee discounts and supporting protocol governance.
XYO Network (XYO) is also an Ethereum (ETH)-based token that’s used for transactions on the XYO Network, which is described as a decentralized network of devices that “anonymously collect and validate geospatial data.”
On the XYO World platform, XYO tokens may be traded for and staked “against unique ERC-721 tokens representing real-world locations.”
As mentioned in the announcement:
“One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies.”
Coinbase’s management further noted that they’re investing in new tools to assist consumers with understanding and exploring digital currencies. The company has introduced informational asset pages, along with a new section of the Coinbase website to answer frequently-asked questions about cryptocurrencies.
As covered, Coinbase has established Protocol, a team that will be working on scaling Ethereum by integrating it with other solutions. Its first scaling solution to be implemented will be Polygon PoS.
Recently, Coinbase posted a notice regarding receipt of a Wells Notice from the US Securities and Exchange Commission (SEC) indicating the regulator may sue it due to its planned Coinbase Lend program.
Around the same time Coinbase announced the regulators’ investigation, CEO Brian Armstrong took to Twitter and hammered the SEC for its “sketchy behavior.”
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