The Basel Committee gave its recommendations on cryptocurrency for banks. Coinbase has listed Stellar and optimized the trading process.
The Basel Committee on Banking Supervision considers the further development of cryptocurrency a bad signal for the entire credit and financial system. It sees risks in the directions of liquidity, credit activities and money laundering. In addition, there are not sure about the further interaction of the cryptocurrency community and the authorities.
The committee, founded by the ten largest central banks of the world, creates uniform standards for financial institutions. And for the first time, it gave recommendations on the circulation of cryptocurrency assets in commercial and state credit institutions. They contain a proposal to treat the cryptocurrency turnover more carefully, and to take into account all possible risks.
Coinbase Cryptocurrency Exchange has introduced a new asset, Stellar Lumens, into the listing of its professional platform Pro. Real trading will begin 12 hours after the publication of this news. Against its background, the cost of the XLM token increased by 3%, and the daily growth of the asset was 5.32%.
At its core, Stellar is a platform through which users can exchange any cryptocurrency with maximum ease. Thus, indirectly, Coinbase expanded the possibilities for trading various digital financial assets. On the stock exchange Stellar Lumens can be changed to Bitcoin, US dollars and euros.
What is the new assets in Coinbase?
Coinbase has the opportunity to store and exchange cryptocurrency without additional complications. To do this, custody service is integrated into the platform for over-the-counter trading. Previously, it took up to two days to transfer funds from the vault to the terminal.
Now the time of the transaction is reduced to a minimum, which increases the security of the procedure of buying and selling. Over-the-counter trades are considered more risky, since here operations are carried out without broker participation. However, it is here that investors who trade a large amount of liquidity prefer to work.