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Recommendations from Basel, listing and storage on Coinbase

03/14/2019
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The Basel Committee gave its recommendations on cryptocurrency for banks. Coinbase has listed Stellar and optimized the trading process.

Banks see a threat in cryptocurrencies

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.

Banks see a threat in cryptocurrencies

Coinbase and Stellar Lumens

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 and Stellar Lumens

Coinbase Exchange has integrated the custody service into the OTC trading platform

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.

Coinbase Exchange has integrated the custody service into the OTC trading platform

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.

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