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Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping


Nov, 29, 2024
1 min read
by Anisha Pandey
for CoinEdition
MiCA Forces Coinbase to End USDC Yields in the Europe
  • Coinbase has ended its USDC yield services in Europe.
  • The decision came amid the implementation of MiCA in the EU.
  • USDC yield will continue until November 30th.

Coinbase, a leading American digital asset trading platform, is pulling the plug on its USDC yield services in Europe, bowing to the pressure of the European Union’s new MiCA regulations. Meanwhile, US regulators are also casting a wary eye on crypto yield products.

The crypto exchange confirmed that the service will end for all its customers in the European Economic Area (EEA) on December 1st. This decision affects Coinbase users in EU member states as well as Iceland, Norway, and Liechtenstein. According to an email, all users of the USDC yield program will continue to earn rewards until November 30th.

Crypto infrastructure provider Sablier’s chief executive, Paul Berg, expressed his frustration about the change, attributing it to the recently introduced MiCA regulations. He sarcastically said that he is “very grateful to the EU” for protecting him against “earning a yield on my USDC holdings on Coinbase.”

The post Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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< 1 min read
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ARK Invest Buys $13.4M in Coinbase Shares During Market Turmoil

ARK Invest Buys $13.4M in Coinbase Shares During Market Turmoil

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MainNewsCoinbase Put...

Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping


Nov, 29, 2024
1 min read
by Anisha Pandey
for CoinEdition
MiCA Forces Coinbase to End USDC Yields in the Europe
  • Coinbase has ended its USDC yield services in Europe.
  • The decision came amid the implementation of MiCA in the EU.
  • USDC yield will continue until November 30th.

Coinbase, a leading American digital asset trading platform, is pulling the plug on its USDC yield services in Europe, bowing to the pressure of the European Union’s new MiCA regulations. Meanwhile, US regulators are also casting a wary eye on crypto yield products.

The crypto exchange confirmed that the service will end for all its customers in the European Economic Area (EEA) on December 1st. This decision affects Coinbase users in EU member states as well as Iceland, Norway, and Liechtenstein. According to an email, all users of the USDC yield program will continue to earn rewards until November 30th.

Crypto infrastructure provider Sablier’s chief executive, Paul Berg, expressed his frustration about the change, attributing it to the recently introduced MiCA regulations. He sarcastically said that he is “very grateful to the EU” for protecting him against “earning a yield on my USDC holdings on Coinbase.”

The post Coinbase Puts a Stop to USDC Yields in Europe: MiCA Isn’t Helping appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ark Invest Adds Heavily to Coinbase Position During Friday Market Sell-Off

Ark Invest Adds Heavily to Coinbase Position During Friday Market Sell-Off

Cathie Wood’s Ark Invest stepped up its Coinbase (COIN) buying last Friday, adding $1...
Apr, 08, 2025
< 1 min read
by CoinEdition
ARK Invest Buys $13.4M in Coinbase Shares During Market Turmoil

ARK Invest Buys $13.4M in Coinbase Shares During Market Turmoil

Cathie Wood’s ARK Invest has acquired Coinbase (COIN) shares worth $13.4 million acro...
Apr, 07, 2025
2 min read
by TheNewsCrypto