This comes as welcomed news to New York’s crypto investors, who typically have truncated lists of available digital assets due to the state’s strict regulations.
While the announcement provided no insight into why these two digital assets are finally allowed, the fact that a privacy coin (Zcash) has passed the New York Department of Financial Services’ sniff test should be seen as a notable win. Additionally, the inclusion of USDC is another win for the Coinbase-backed stablecoin.
“Polkadot is one of the most exciting projects in the entire crypto ecosystem right now,” said Coinbase Custody CEO Sam McIngvale. “It’s solving two of the biggest challenges that blockchain-based platforms face today: interoperability and scalability. We’re excited to be working with Polkadot and Web3 Foundation to offer dot holders the most secure and efficient tools for managing tokens and staking.”
More: Web3 Foundation launches Polkadot claims process; Partners with Coinbase Custody for claiming dots
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.