Bitcoin

<h4><strong>Crypto exchange Coinbase has expanded to Hawaii following recent regulatory changes in the state. Hawaii’s Department of Commerce and Consumer Affairs Division of Financial Institutions recently made some regulatory adjustments that provided clarity for crypto service providers to operate in the region.</strong></h4> 
<p>The new policies enable Hawaii residents to buy and sell cryptocurrencies on Coinbase. Furthermore, the crypto exchange will provide services such as <a href="https://www.altcoinbuzz.io/?s=staking" target="_blank" rel="noopener">staking</a>, asset management, and trading to local users. Coinbase lauded its operation in Hawaii as progress as it continues to expand across the US.</p> 
<h5><strong>Coinbase Expands to Hawaii Amid New State Regulatory Changes</strong></h5> 
<p>The exchange <a href="https://t.co/uZo0hmAFYO" target="_blank" rel="noopener">said</a>, “We’re excited to announce that Coinbase is now available in Hawaii. With recent state regulatory changes paving the way, we can now bring our products and services to Hawaii and empower residents to participate in the crypto economy.</p> 
<figure id="attachment_148324" aria-describedby="caption-attachment-148324" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-148324" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase.jpg" alt="" width="591" height="521" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase.jpg 895w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-300x265.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-768x678.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-476x420.jpg 476w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-696x614.jpg 696w" sizes="(max-width: 591px) 100vw, 591px">
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  Source: <a href="https://x.com/coinbase/status/1823452255372394804" target="_blank" rel="noopener">X</a>
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</figure> 
<p>Coinbase added that its services cater to both experienced and novice users in Hawaii. New users can access hundreds of cryptocurrencies on the exchange. Similarly, experienced traders can enjoy advanced tools and over 500 spot trading pairs and APIs.</p> 
<p>Coinbase revealed that it plans to comply with local regulations to <a href="https://www.altcoinbuzz.io/cryptocurrency-news/coinbase-user-lose-over-1-million-to-scammers/" target="_blank" rel="noopener">make crypto activities safe</a>. “We’ve worked diligently with local authorities to ensure we can enter the Hawaii market and welcome their innovative, responsible approach, which aligns with our goal of providing a safe and compliant environment for all,“ the exchange remarked.</p> 
<h5><strong>Hawaii Opens Up to Crypto</strong></h5> 
<p>Coinbase’s expansion to Hawaii is a huge win for the entire crypto industry, as it means Hawaii has become more receptive to the industry. Hawaii’s previous policies made it difficult for crypto service providers to operate in the state.</p> 
<figure id="attachment_148326" aria-describedby="caption-attachment-148326" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-148326" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-2.jpg" alt="" width="595" height="521" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-2.jpg 906w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-2-300x263.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-2-768x672.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-2-480x420.jpg 480w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/Coinbase-2-696x609.jpg 696w" sizes="(max-width: 595px) 100vw, 595px">
 <figcaption id="caption-attachment-148326" class="wp-caption-text">
  Source: <a href="https://x.com/DavidShares/status/1823438751433154597" target="_blank" rel="noopener">X</a>
 </figcaption>
</figure> 
<p>The state required crypto exchanges to have cash reserves equal to the value of the digital assets they held for customers, which made it difficult for service providers to operate. However, Hawaii’s recent regulatory adjustment removed the reserve requirement.</p> 
<p><iframe title="Only Buy These Altcoins in This Crypto Market Dip" width="696" height="392" src="https://www.youtube.com/embed/fIfLSK9t7Vo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h5>Disclaimer</h5> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.</p> 
<p>We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.</p> 
<p>Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/coinbase-launches-crypto-services-in-hawaii/">Coinbase Launches Crypto Services in Hawaii</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Coinbase Launches Crypto Services in Hawaii

Altcoin Buzz

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