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Coinbase is arguably the largest cryptocurrency in the United States of America and one of the largest in the world. It is a highly reputable crypto exchange that is known for its high-end and impressive features offered to users.
This exchange extends its services to more than 43 million verified users from 100+ countries around the globe. Coinbase is quite familiar with the significance of crypto assets and the global chatter surrounding crypto policies.
Therefore, to help form the policies for digital currencies, Coinbase has launched a new crypto think tank. How the think tank will function and what changes it will bring about are discussed below.
The Coinbase exchange is a U.S.-based platform. If you want to start investing in crypto but the exchange is inaccessible for you then you can take a look at the Coinbase alternatives.
If you are new to the crypto space and want to start trading then you can opt for PrimeXBT Covesting. It allows novice traders to mimic experienced traders. Sign up with our link today.
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Details About Coinbase’s Crypto Think Tank
The Coinbase exchange was launched in 2012 and is now one of the most prominent crypto platforms in the world. It is a fully licensed and regulated crypto exchange and is known for its high level of security, among other things.
It is no doubt one of the best exchanges in the market, therefore, if you are interested in using it you can learn more about the platform through our Coinbase review.
Coinbase is also like an institution that offers educational material to its new users. Now, according to reports, the exchange has taken a new step that would facilitate the shaping of cryptocurrency policies.
The exchange has created a new “crypto native think tank” that features an advisory board of finance and law. The members of the board are from some of the top universities in the USA such as MIT, John Hopkins, Harvard and Duke.
The Coinbase Institute will publish original research on crypto and Web3, which is anticipated to help form crypto policies.
An academic partnership has also been formed with the University of Michigan to conduct surveys regarding the sentiment towards crypto assets, crypto adoption and more.
Some of the reports published by the institute include:
- Coinbase Primers explaining the key problems in crypto
- Crypto and the Climate explaining the high energy consumption of proof-of-work blockchains
- First monthly insight report comparing the market movements in crypto and traditional finance
The creation of the crypto think tank is not the first and only instance where Coinbase has made efforts to encounter the misinformation and negative narrative regarding crypto assets.
The exchange has been known to launch:
- A portal to check facts in May 2021
- Crypto Council for Innovation in April 2021
- A political action committee in February 2022
This indicates that Coinbase does not only offer services for crypto buying or trading but also aims to educate the masses.
This is one of several reasons why it is one of the best crypto exchanges in the USA.
Helpful Details New Crypto Investors Should Know
Buying cryptocurrencies is an exciting yet risky endeavor. Without having sufficient information or knowing helpful details, investing in digital assets can be difficult and even stressful for several reasons.
Therefore, novice parties need to have some sort of plan, choose the right kind of exchange and know some helpful tips as mentioned below:
- Choose the best place to buy crypto, which is secure and suits your needs as well.
- Monitor the price movement of the digital currency you are interested in.
- Know when to invest.
- Start by investing a small amount, as much as you can afford to lose.
New crypto investors looking to buy Bitcoin or Ethereum can click on SwissBorg or Kraken (U.S. citizens).
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