New York residents can now trade USDC and Zcash on Coinbase


Cryptocurrency exchange Coinbase has launched trading support for USDC and Zcash for New York residents.

On Monday, the exchange announced in two separate tweets that residents of the New York state can now use Coinbase to buy, sell, convert, send, receive, or store USDC and Zcash

Coinbase first launched USDC and Zcash trading in late 2018, but New York has not been a supported jurisdiction until now. The state's stringent regulatory requirements were likely behind the delay.

But Coinbase has been expanding its list of supported tokens in New York. In 2019, it added a number of new coins for New York residents to access and trade including XRP, Dai (DAI), Stellar Lumens (XLM), and Chainlink (LINK).

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC