As of October 2020, Coinbase no longer offers interest-bearing accounts. This is due to regulatory changes in the United States. For a time, Coinbase did offer interest-bearing accounts, which allowed users to earn interest on their cryptocurrency holdings. However, this is no longer the case. While there are other exchanges that still offer this service, Coinbase is no longer one of them. There are a few reasons for this change.
NOTE: WARNING: Any cryptocurrency investments involve a high degree of risk and may result in significant losses. Coinbase does not guarantee any returns on investments, and any coins that can earn interest on Coinbase should be thoroughly researched before investing. Before investing in any cryptocurrency, users should consider their own research, financial situation, and risk tolerance. Additionally, users should always seek out qualified financial advisors for investment advice and conduct due diligence before investing in any asset.
First, the regulatory environment in the United States has become more hostile to cryptocurrency in general. Second, Coinbase is focused on becoming a regulated broker-dealer, and offering interest-bearing accounts doesn’t fit with that goal. Finally, Coinbase has always been a bit risk-averse, and offering interest-bearing accounts is simply too risky for them. While it’s disappointing that Coinbase no longer offers this service, it’s not surprising given the current environment.
4 Related Question Answers Found
As one of the most popular cryptocurrency exchanges in the world, Coinbase has listings for a variety of digital assets. However, not all coins are available on the platform. So, what coins will be listed on Coinbase?
If you’re looking to invest in cryptocurrencies, you’re probably wondering which coins you can buy on Coinbase. Unfortunately, Coinbase only offers a handful of coins: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. However, there are many other exchanges that offer a wider variety of coins.
It’s been a big year for Coinbase. The cryptocurrency exchange added Ethereum Classic, Litecoin, and Bitcoin Cash to its platform in July, and it’s now planning to add more assets in 2018. Here’s a look at some of the coins that Coinbase could add in the coming year.
When it comes to buying cryptocurrency, Coinbase is one of the most popular exchanges out there. The platform makes it easy to buy, sell, and store digital assets, and offers a wide range of coins to choose from. So, what coins can you buy on Coinbase?
