The US exchange very popular in the world dedicated to Coinbase cryptocurrencies (see the guide to Coinbase) stated that at the moment he is not planning to launch a decentralized exchange platform. The rumors that had spread around this probable action brought a company manager to deny this launch. The denial was made during an interview with "The Block" an information portal.
The Vice President of Business, Data & International Emilie Choi of Coinbase in fact, wanted to explain that despite last year the company acquired the platform which is called P2P Paradex, for the moment there is no priority in investing in decentralized trading.
During the same interview he also wanted to comment that “the decentralized exchange sector, it will be very interesting to observe the evolution of this, because in any case I think it has a considerable potential ".
Over the years, Coinbase has received attention by many important investors that come from the USA but also from other countries in the world. This has thus brought the company into a position quite different from that of Binance. The latter platform, in fact, as Choi explains exclusively focused on cryptocurrencies.
Coinbase bridge between cryptocurrencies and Fiat
Coinbase instead at the moment looks like a real one bridge between cryptocurrencies and Fiat, this has a different role than other companies in the sector. According to Choi, Coinbase's exchange platform is currently a reliable center for an economy based on cryptocurrencies.
Coinbase Accept
- bank transfer payments (thus eliminating commissions)
- credit card payments (with fees around 3,5%)
Going back to the DEX topic, Choi says that this step will only be taken when the company is sure that it can do so by guaranteeing users the right level of security and at the same time managing everything in compliance with regulations. At the moment, in fact, it is not clear how a platform of this type could work. Therefore Coinbase believes it is a very interesting sector but at the moment it is not investing in this sense.
