Top US Crypto Exchange Coinbase Says It Will Axe Trading Support for Multichain (MULTI) and Five Other Altcoins - The Daily Hodl

Leading US-based cryptocurrency exchange Coinbase will suspend trading for Multichain (MULTI) and five other assets, following the advisory from Multichain to stop using its services and recent assessment of the assets.

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Relevant topic timeline:

8/21/2023

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

Cryptocurrency exchange Coinbase is acquiring a minority stake in Circle Internet Financial, dissolving their partnership and bringing the stablecoin USD Coin fully in-house, while also adding native support for USDC on six additional blockchains, bringing the total to 15.

8/23/2023

ChainArgos: Coinbase’s layer 2 solution Base could be violating federal laws

Coinbase may be misrepresenting itself as an exchange and could be violating state money transmitter licenses, according to allegations made by ChainArgos' CEO and General Counsel. The company argues that Coinbase is legally an over-the-counter (OTC) broker rather than an exchange operator, and it may be in violation of its licenses with its Ethereum platform, Base.

9/11/2023

Coinbase Ending India Services Due to Regulatory Hurdles

Coinbase plans to halt all exchange services for users in India due to regulatory challenges, prompting existing users to withdraw their funds and disabled new sign-ups, while encouraging users to download Coinbase Wallet instead.