American cryptocurrency exchange Coinbase is introducing more functionalities to its Layer-2 protocol Base Network, a feature that includes the storage of its user’s USDC balance.
Exchange Hints Base’s New Functionality
Max Branzburg, Vice President, Head of Consumer Products at Coinbase took to X to announce the next step that the company is taking with regards to Base. According to Branzburg’s X post, Coinbase is looking to increase its storage of corporate and retail customers’ USDC balance on Base.
Choosing to make this move means that the firm can conveniently manage and secure customer funds with lower fees while also achieving faster settlement times. In the long run, the goal is to ensure that Coinbase user experience is not negatively impacted by the improved functions. The publicly traded exchange sees this new development as an avenue to push its business on-chain.
1/ Going forward, Coinbase is going to be storing more corporate and customer USDC balances on Base.
We współpracy z: https://coingape.com/coinbase-to-store-users-usdc-balances-on-base-network/
