In September, the United States Securities and Exchange Commission (SEC) and the leading crypto exchange in the country, Coinbase, were at loggerheads over the crypto firm’s proposed yield program which the financial regulator considered to be a direct violation of its securities law.
While the exchange has since dropped its plan to launch the program in the United States, it has gone ahead to introduce the decentralized finance (DeFi) yield product in 70 other countries.
Coinbase introduces DeFi yield in 70 countries
According to a press statement released by Coinbase on Thursday, the crypto exchange will be providing exposure to DeFi for its customers who are looking to put their digital asset to work. For a start, users would be able to lend and borrow assets, like DAI —a Stablecoin.
DeFi has tremendous potential to help increase economic freedom, and we’re excited to be able to provide a trusted and accessible way to participate.
DeFi, no doubt, has recorded tremendo
We współpracy z: https://cryptoslate.com/coinbase-finally-introduces-defi-yield-product-bars-united-states-users/
