OpenCover, a decentralized insurance provider, has made its debut on Ethereum-fueled blockchain, Base, further expanding its financial capacity with Coinbase. The launch is part of a collaboration with Nexus Mutual, aiming to offer investors insurance-like coverage for the crypto industry. OpenCover intends to guard against protocol shortfalls and provides protective shield for traditional entities and forward-looking platforms.
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Navigating the Global Ambitions of Coinbase: Expansion, Investments, and Hurdles Ahead
“Coinbase’s ‘Go Broad, Go Deep’ global expansion includes acquiring licenses and enhancing market presence in regulatory clear countries like Europe, Canada, Brazil, Singapore, and Australia. It added six new projects to its Base Ecosystem Fund while cryptocurrency startup LBRY battles a legal charge brought by the SEC.”