The cryptocurrency exchange Coinbase revealed that it has made decentralized finance (defi) easier to obtain by allowing Coinbase customers from more than 70 countries/regions to obtain the income of the stable currency DAI. Coinbase claims that the process is simple, with “no fees, locks, or setup hassles” because the company believes that “defi has great potential to help increase economic freedom.”

Coinbase now provides income from Defi stablecoin issued by Makerdao

Coin Bank have Announce It has opened up customer diversified funds (DEFI) to serve more than 70 different countries.This news follows the company announcement Last week it revealed that it had acquired BRD Wallet and Unbound Security. According to Coinbase, eligible customers in these countries can now earn income through the DAI stablecoin issued by Makerdao.

“Today, we launched a new way for Coinbase’s global customers to put their cryptocurrency into use and earn revenue,” the company’s announcement explained. “We are making defi more accessible, enabling qualified customers in more than 70 countries to obtain attractive defi benefits from their Dai without any fees, lock-in or setup hassle.”

Coinbase Defi users must live in an eligible jurisdiction

Coinbase pointed out that customers who want to participate in DAI revenue must visit the Coinbase app or the DAI asset page on Coinbase.com. The user needs a DAI balance to earn it, and the customer must be located in an eligible jurisdiction. For some time, Coinbase has been interested in entering defi-based yield and lending programs.It had previously planned to showcase loan products, but threaten By the US Securities and Exchange Commission.

Cryptocurrency exchange listed on NASDAQ Abandon the loan plan Currently. In addition, the latest defi income earning service provided by Coinbase is currently not available for US customers. Coinbase pointed out that the service of providing DAI revenue is just the beginning, because the company’s goal is to use “more types of assets and more defi agreements” in the future.

What do you think of customers who provide Coinbase DEFI services in more than 70 countries? What do you think of the United States being excluded from the Coinbase production plan? Please tell us your thoughts on this topic in the comments section below.

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