Coinbase Noted It is Attentive to the Proposed Monetary Policy By ATOM

According to reliable reports, Coinbase has a 90 million active user base globally.

On Thursday, an official research report from Coinbase stated that Cosmos’ new road map seeks to establish Interchain Security as a core application of Cosmos Hub, with the introduction of Liquid Staking and the potential monetization of shared security.

In September 2022, Cosmos published a white paper that was mainly centered on the expansions to the utility of the Cosmos Hub – the blockchain at the heart of the ecosystem.

Analysts of Coinbase David Duong and Brain Cubellis highlighted in their statements that “Despite its potentially critical role in a multichain future, very little of the revenues generated by the growing ecosystem of Cosmos appchains have historically accrued to holders of the native token, ATOM.”

The motto mentioned in the research report is to permit the Cosmos Hub to become a “credibly neutral provider of security,” The report further aligns the incentives between AppChain and ATOM holders, the native token of Cosmos.

The note further states that “In this way, they are trying to increase the likelihood that ATOM will generate a monetary premium.”

The report underlined that the white paper is purposeful, however, a few parts such as liquid staking, an on-chain market for MEVs – or most extractable value, and a system for integrated deployment of capital that contribute to growing the ecosystem are innovative developments that may catalyze future adoption. can, its advantages are plain to see.

Coinbase notes that it remains cautious about proposed changes to monetary policy and questions whether the potential for future capital deployment of Cosmos Hub Treasury explains the risk of dilution for token holders in the near term.

Recently on 25 October 2022, According to reports, they are now the first significant cryptocurrency exchange in the world to successfully register with De Nederlandsche Bank, the Dutch central bank. The achievement is a part of the business’ continued global expansion.

The approval, according to Nana Murugesan, vice president of international and business development at Coinbase, shows how the company is trying to regulate its cryptocurrency services in order to support the industry’s growth and foster public confidence in the space. Improve.

The company is now able to market cryptocurrency items to Dutch customers and companies thanks to the authorization. More than 30 businesses, including Coinbase, have received recognition from the central bank as bitcoin service providers.

Coinbase is attempting to keep up with its competitors, who are dominating markets outside of the United States.

On 26 October 2022, ARK investment management CEO Cathie Wood said that she purchased $100,000 worth of bitcoin (BTC) when it was trading at around $250 and she also added that she hasn’t sold any of that initial investment, meaning her current profit on that $100,000 bet would be around $ 7.6 million.