On the 25th of August, 2022; the crypto exchange – Coinbase took to its official Medium account to inform its users (and the crypto community) of its plans to launch a crypto education and voter registration portal with which users can learn about the policies made on crypto and also get involved in the policy-making.
Founded by former Airbnb engineer; Brian Armstrong and ex-Goldman Sachs trader, Fred Ehrsam, Coinbase is a market-leading crypto platform where users can easily trade crypto assets. It is currently headquartered in the United States of America.
The company is also ranked amongst top-tier crypto exchanges as it holds over 103 million verified users trading on its platform in over 100 countries.
The crypto exchange platform went further in revealing its reason behind this initiative, stating that this was in response to its user’s and the crypto community’s interest in wanting to know what public office holders think about critical crypto issues and in finding ways to have their voices heard.
“We’ve heard loud and clear from our customers that they want to get involved in these debates and are looking for trusted resources, tools, and support to help them be heard” – Coinbase.
Cryptocurrency, though a new technology has grown massively in adoption, and as such, political entities are looking for ways to put this innovation under regulation. While this shouldn’t be a problem, the crypto community has frowned at it as they have not been allowed to efficiently express their views about cryptocurrency.
“It is essential that our elected leaders understand the potential of crypto and support a policy framework that fosters continued innovation.” – Coinbase.
It is due to this lack that Coinbase has decided to launch a platform that provides essential resources for informing the crypto community on crypto regulatory happenings and also giving them the ability to engage in the processes via voting.