Coinbase has announced Verified Pools, a new service intended to attract institutional users. These liquidity pools will offer customers a secure means of enjoying high efficiency and a native chain infrastructure.
Liquidity pools, in general, offer many of the same advantages, but they do not have sufficient security insurance for large institutions. The exchange hopes to ensure the security and confidence of proactive measures such as KYC and sanctions.
What are the verified coinbase pools?
Coinbase, one of the largest crypto exchanges in the United States, has actively expanded its services as part of the current promoting change.
Today, the exchange announced the introduction of Verified Pools, an institutional quality service to improve trades and chain Swaps.
“Verified Pools is an organized selection of liquidity pools available only with the identification information checks Coinbase. Verified Pools is the next step in Coinbase’s engagement to advance the onchain ecosystem and to generate the next ONCHAIN adoption wave,” said the company via social media.
Coinbase verified pools hope to solve an important problem for institutional investors in cryptographic space.
More specifically, how can retail users or traditional institutions participate in DEFI despite significant obstacles concerning compliance, counterparty risk and operational complexity?
Summary exchanges and business practices are epidemic in industry, and these institutions need real insurance.
Thanks to verified pools, Coinbase responds to several of these concerns. It guarantees that all participants in a liquidity pool are verified by identity using the Coinbase Verification System
The entire platform is powered by base, the L2 blockchain solution centered on Ethereum de Coinbase. This means that the The service is natively in chain and can benefit from gentle transactions while guaranteeing security, transparency and responsibility.
The verified pools offer some other attractive features for Coinbase institutional customers. For example, the pools are non -guardians, allowing users to maintain control of their assets.
Overall, however, the exchange tries to offer liquidity pools with all their advantages for institutional traders, which is rare. The main advantages are inherent in pools in general.
In short, verified coinbase pools can offer liquidity, efficiency and transparency while prioritizing the safety and confidence of users. In the future, the scholarship plans to extend the coverage of assets and trading pairs, to integrate more dex aggregators, to offer service in more countries, etc.
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