Coinbase launches Defi Yield earnings service in over 70 countries, United States not included – Defi Bitcoin news

Coinbase launches Defi Yield earnings service in over 70 countries, United States not included – Defi Bitcoin news

The Coinbase cryptocurrency exchange has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase users from over 70 countries access to earning on the stable currency DAI. Coinbase claims the process is simple, “no fees, locks or setup issues” because the company believes “defi has huge potential to help increase economic freedom”.

Coinbase now offers a yield on Defi Stablecoin issued by Makerdao

Coinbase there is announced that it has opened decentralized financial (defi) services to clients in more than 70 different countries. The news follows the company announcement last week when he revealed he had bought a BRD wallet and Unbound Security. According to Coinbase, eligible customers in these countries can now earn a return on defi stablecoin issued by Makerdao under the name DAI.

“Today we present a new way for Coinbase global customers to launch their cryptocurrency and make a profit,” the company said in a statement. “We make defi more affordable, enabling eligible customers in more than 70 countries to access attractive defi offerings from their Dai without fees, locks or setup issues.”

Coinbase Defi users must live in the appropriate jurisdiction

Coinbase notes that customers who wish to participate in earning revenue with DAI must access the DAI Funds page either in the Coinbase app or on Customers need a DAI balance to make money, and customers must be in the appropriate jurisdiction. Coinbase has for some time been interested in entering defi-based earnings and lending programs. He used to have plans to discover a credit product, but he did endangered by the U.S. Securities and Exchange Commission.

The cryptocurrency exchange listed on the Nasdaq has gave up the lending program for now. Furthermore, the latest defi yield service offered by Coinbase is currently not available to users in the United States. The service that offers a return on DAI is just the beginning, notes Coinbase, because the company aims to use “a wider choice of funds and a larger number of defi protocols” in the future.

Labels in this story

coinbase clients, Crypto, YES AND, Dai Stablecoin, decentralized finance, Defi, Defi applications, Defi protocols, defi yield earnings, Earn a return, global customers, makerdao, SEC, Stablecoin, stablecoin DAI, United States, US Excluded, Yield

What do you think of Coinbase offering defi services to customers in more than 70 countries? What do you think about the United States being excluded from the Coinbase yield program for now? Tell us what you think about this topic in the comments section below.

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