Coinbase Launches KYC-Verified Liquidity Pools for DeFi
- Coinbase introduces Verified Pools to reduce counterparty risk in DeFi.
- Users must complete identity verification to access these liquidity pools.
- The service is powered by Coinbase’s Layer 2 network, Base, and uses Uniswap v4 protocol.
- Available initially in the U.S., Singapore, Netherlands, British Virgin Islands, Cayman Islands, and Channel Islands.
- KYC compliance aims to assure institutions wary of regulatory risks.
Coinbase’s new Verified Pools service requires users to undergo identity verification, aiming to enhance security and compliance for institutional and retail traders in select regions.
Source (2.6)https://decrypt.co/310586/coinbase-introduces-kyc-verified-liquidity-pools-for-defi-swaps-and-trades?rand=52368
