Coinbase has announced that the crypto exchange will add support for B3 (Base) (B3), which will allow transfer exclusively on the Base network. Trading for B3-USD will commence later today, provided sufficient liquidity conditions are met. To ensure a smooth launch, the crypto exchange will launch trading in phases. However, the availability of B3 may be restricted in certain jurisdictions.
In the post on X, the team states, “Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our B3-USD trading pair will launch in phases. Support for B3 (Base) may be restricted in some supported jurisdictions.”
Coinbase will add support for B3 (Base) (B3) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) February 10, 2025
What is Coinbase’s ‘Experimental asset’ label?
To enhance transparency, The crypto exchange assigns an ‘Experimental Asset’ label to certain tradable assets. These assets are either new to the platform or have relatively low trading volume compared to the wider crypto marketplace.
While the label does not impose restrictions on buying, selling, sending, or holding assets, users should consider their risk appetite. The ‘Experimental Asset’ label will reflect on the asset’s detail page for logged-in users, which will be reiterated during the purchasing process.
The crypto exchange has highlighted that the criteria for classifying assets as experimental may evolve based on market conditions. The exchange continuously monitors listed assets and may remove the label once an asset meets the necessary criteria. However, the exchange has warned users not to send this asset over to other networks to avoid potential loss of funds.
Also Read: Coinbase Must Face Lawsuit Over Securities Violation: Judge
Source: https://www.cryptonewsz.com/coinbase-unveils-b3-experimental-asset-label/