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Tag: Coinbase

  • DerivaDAO (DDX), DFI.money (YFII) and Radicle (RAD) are launching on Coinbase Pro

    DerivaDAO (DDX), DFI.money (YFII) and Radicle (RAD) are launching on Coinbase Pro

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    Starting Today, Tuesday August 31, transfer DDX, YFII and RAD into your Coinbase Pro account ahead of trading. Support for DDX, YFII and RAD will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Wednesday September 1, if liquidity conditions are met.

    One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA), Harvest Finance (FARM) Fetch.ai (FET) Paxos Standard (PAX) and Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Chiliz (CHZ) Keep Network (KEEP), Polkadot (DOT), Solana (SOL), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), and Dogecoin (DOGE).

    Starting Today, Tuesday August 31, we will begin accepting inbound transfers of DDX, YFII and RAD to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT)Wednesday September 1, if liquidity conditions are met.

    Once sufficient supply of DDX, YFII and RAD is established on the platform, trading on our DDX-USD, DDX-EUR, DDX-USDT, YFII-USD, YFII-USDT, RAD-USD, RAD-EUR, RAD-GBP, RAD-BTC and RAD-USDT. order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

    We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

    DerivaDAO (DDX) is an Ethereum token that powers DerivaDEX, a decentralized exchange for derivative contracts. The DDX token allows users to participate in the governance and operation of the exchange.

    DFI.money (YFII) is an Ethereum token that governs the DFI.Money platform. The platform is a fork of Yearn.finance and acts as a yield optimizer for tokens deposited to the platform.

    Radicle (RAD) is an Ethereum token that powers Radicle, a project that describes itself as an “open-source, community-led, and self-sustaining network for software collaboration.” The RAD token can enable reduced or zero fees when interacting with Radicle smart contracts in addition to governance through voting and proposals.

    DDX, YFII and RAD are not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

    You can sign up for a Coinbase Pro account here to start trading. For more information on trading DDX, YFII and RAD on Coinbase Pro, visit our support page.

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    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    DerivaDAO (DDX), DFI.money (YFII) and Radicle (RAD) are launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Users panic after Coinbase mistakenly sends 2FA reset notices to customers

    Users panic after Coinbase mistakenly sends 2FA reset notices to customers

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    Customers of leading U.S. crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating their two-factor authentication (2FA) settings had been changed.

    On Aug. 27, Coinbase accidentally sent the email to 125,000 of its customers, resulting in widespread public backlash.

    Coinbase took to Twitter on Aug. 29 to apologize for the mishap, stating: “We’re laser-focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can hurt that trust.”

    Despite Coinbase’s apology, many of its users reported taking significant measures in response to the email while fearing that their accounts were being targeted by hackers, including overhauling security settings and liquidating their crypto holdings.

    Comments on the exchange’s social media also suggest that numerous customers were unable to access the Coinbase app for several days after the incident.

    “We will continue to work to gain back the trust of every one of our customers who was impacted by those notifications,” Coinbase added. 

    The firm also announced it is reimbursing users with $100 worth of Bitcoin (BTC).

    The exchange posted its apology in the r/Coinbase subreddit on Aug. 30 to mixed reactions from customers.

    Redditor “CoCraic_PNW” claimed they were yet to receive the promised $100 credit despite having received the 2FA message on both Coinbase and Coinbase pro, pledging to move their business to another exchange in light of the incident.

    “Film2021” also stated that they were yet to receive the $100 BTC worth of credit and are currently looking to migrate their funds from Coinbase to a rival exchange.

    However, not everyone is wielding their pitchforks at Coinbase, with Redditor “Leagance” praising the firm for promptly offering compensation for its error:

    “Just got my $100. Thanks Coinbase. Regardless of the situation it was nice to know how quickly and easily I was able to lockdown my account if there was some sort of 2FA change.”

    Related: Bitstamp and Ledger execs weigh customer service debate after Coinbase saga

    The incident comes just days after it was reported that thousands of disgruntled customers claim their Coinbase accounts were hacked and emptied.

    According to a CNBC story published Aug. 24, thousands of users assert that Coinbase’s support has failed to respond to requests for help relating to the alleged incident.

    “Interviews with Coinbase customers around the country and a review of thousands of complaints reveal a pattern of account takeovers, where users see money suddenly vanish from their account, followed by poor customer service from Coinbase that made those users feel left hanging and angry,” CNBC wrote.

    Earlier this month, Coinbase announced a new support phone line for customers who believe their account has been hacked.