Coinbase News: Introduction of Verified Pools for Enhanced DeFi Trading Security

Coinbase, a leading cryptocurrency exchange, has made a significant move in the decentralized finance (DeFi) space by introducing Verified Pools. This new tool aims to provide a more secure and transparent way for users to engage in token swaps.

Coinbase Launches Verified Pools for Secure DeFi Trading

Coinbase has introduced Verified Pools, a DeFi tool that allows token swaps with verified liquidity providers for increased security and transparency. Running on the Base layer 2 Ethereum blockchain, Verified Pools operate as a noncustodial service, addressing the risk of unknown trading parties in DeFi. By leveraging the Coinbase wallet for user verification, the platform ensures a secure and streamlined trading experience.

Coinbase Aims to Buy Dubai-based Deribit

Coinbase intends to acquire Deribit, the largest crypto derivatives platform based in Dubai. This has led Coinbase to engage in discussions with regulators regarding the potential takeover. Currently, Coinbase operates a Bermuda-based derivatives platform launched in 2023 but mainly functions as a crypto exchange where customers primarily engage in spot trading. Deribit holds an operational license in Dubai, necessitating Coinbase to seek approval from Dubai’s regulators before proceeding with the acquisition. The information was revealed by anonymous sources working with Bloomberg News, who could be Coinbase employees or involved in Dubai’s regulatory process.