Coinbase Expands Asset Offering with ZetaChain and Across Protocol Listings

• Coinbase has listed ZetaChain and Across Protocol as digital assets.

• The main target of ZetaChain is blockchain interoperability; however, Across Protocol uses Optimistic rollups to enable faster cross-chain transactions.

• There may be some changes made in Coinbase’s ongoing legal battles with the SEC and FDIC in 2025 if a summary judgment is granted.

Coinbase, a major cryptocurrency exchange, wants to add two more cryptocurrencies to its listing roadmap: ZetaChain (ZETACHAIN) and Across Protocol (ACX). The move shows that Coinbase is committed to diversifying its digital asset offerings so as to provide users with access to creative blockchain projects.

ZetaChain: Concentration on Interoperability

ZetaChain, positioned as a Layer 1 blockchain and smart contract platform has been designed with interoperability at its core. What this means is that it allows for easy interaction between various blockchains thereby making the system more interconnected than ever before and thus vital in the rapidly changing world of blockchains. 

Its addition to Coinbase also signifies its potential to create even more connected and effective systems within the same environment.

Another notable inclusion is Across Protocol which happens to be an optimistic-based cross-chain bridging protocol. Essentially what this implies is that Optimistic rollups power Across Protocols hence acting as scaling solutions for Ethereum. This makes transactions faster and cheaper while still maintaining high levels of security provided by the Ethereum network itself. Such kind of listing represents those projects aimed at enhancing scalability as well as usability in different areas within blockchain networks according to Coinbase’s strategy.

Apart from enlarging its universe through adding new coins to their platform; recently, it also expanded on perpetual futures market offerings.

Since May this year, there have been some incredible launches such as MEW-PERP, MEME-PERP, and JASMY-PERP now fully tradable. Coinbase International Exchange along with Coinbase Advanced platforms will soon be supporting Degen, EOS & SATS perpetual futures; trading is set to commence on August 15th2024.

Legal Update: Ongoing FOIA Litigation by Coinbase Against SEC & FDIC

On legal fronts, the Chief Legal Officer at Coinbase Paul Grewal made public his recent updates on ongoing Freedom of Information Act (FOIA) lawsuits against SEC and FDIC. 

It is alleged that both organizations wrongfully withheld documents from closed investigations including those touching on Ethereum 2.0.

Although these agencies admit the existence of such records, they argue that government privileges allow for their concealment until further notice. Grewal expects a summary judgment briefing to occur before a decision possibly in 2025.