Coinbase Global adds support for more cryptos on its Commerce platform

Coinbase Releases Third-Quarter Financial Results

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  • Coinbase Global (NASDAQ:COIN) has added support for seven additional cryptocurrencies on its Commerce platform in a bid to expand crypto payment options for merchants and consumers, the company wrote in a blog post Tuesday.
  • The crypto exchange now supports a combination of cryptos and stablecoins, including bitcoin (BTC-USD), ethereum (ETH-USD), USD coin (USDC-USD), bitcoin cash (BCH-USD), litecoin (LTC-USD), dai (DAI-USD), tether (USDT-USD), apecoin (APE-USD) and shiba inu (SHIB-USD).
  • Merchants can manage which cryptos they'd like to accept or ignore, as well as choose to hold or auto-convert any crypto balance to U.S. dollars. Note that only Coinbase-managed accounts are allowed to auto-convert.
  • In the crypto ecosystem, most major cryptos are trading in the green intraday, with bitcoin (BTC-USD) rising 1.4% to $21.05K as of shortly before 10:30 a.m. ET. And ethereum (ETH-USD) is climbing +2.8% to $1.22K.
  • Previously, (July 22, 2021) Coinbase to accept dogecoin for commerce payments.

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