As a seasoned analyst with over two decades of experience in the financial sector, I’ve witnessed the evolution of technology and finance intersecting in ways that were once unimaginable. The recent announcement of Coinbase’s availability in Hawaii is a testament to this transformation, and it fills me with a sense of anticipation and excitement.
Crypto trading on Coinbase is now available in Hawaii.
Coinbase, America’s largest publicly traded cryptocurrency exchange, has started offering its services in Hawaii. This decision comes after the Hawaii Department of Commerce and Consumer Affairs eased regulations regarding cryptocurrency businesses within the state.
Aloha, Coinbase!
As a resident of the beautiful island state of Hawaii, I’m thrilled to share that I can now seamlessly invest in cryptocurrencies via the user-friendly platform provided by Coinbase. This exciting opportunity grants me access to an extensive variety of digital assets and services, such as scheduling recurring purchases, tracking price fluctuations, and facilitating international transfers with ease.
Previously, it was not possible for residents of Hawaii to use Coinbase because of regulatory restrictions enforced by the U.S. Treasury.
Alongside its other services, Coinbase allows users to participate in asset staking, which can potentially yield an Annual Percentage Yield (APY) of as much as 12%, plus up to 5.20% in returns when keeping USDC on hand.
Faryar Shirzad, Coinbase’s Chief Policy Officer, emphasized the importance of this expansion, pointing out that it underscores the company’s dedication to adhering to regulations and offering safe, convenient cryptocurrency solutions not just in the U.S., but globally.
“Shirzad stated that we’ve been putting in a lot of effort together with local officials to make it possible for us to enter the Hawaii market. He appreciates their forward-thinking, responsible attitude, as it matches our aim to offer a secure and compliant environment for everyone.”
Shirzad underscored the significance of Hawaii’s launch in being a significant stride towards Coinbase’s objective of fostering global economic freedom. In addition, they offer advanced features for skilled traders, such as access to more than 500 spot trading pairs with low charges, charting tools by TradingView, and robust APIs.
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2024-08-13 19:06