Coinbase launches verification pool to promote liquidity pool transparency
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Coinbase has announced the launch of "Verified Pools", a seamless way to conduct on-chain transactions. Users can connect their Prime Onchain wallet, Coinbase wallet, or other third-party wallets to Coinbase's verification credentials to trade, addressing the lack of transparency in traditional liquidity pools. Only verified users can provide or use liquidity in the Verified Pools, which are a non-custodial service, allowing users to maintain control and ownership of their assets. The service is currently available to users in the United States, Singapore, the Netherlands, the British Virgin Islands, and the Cayman Islands.
The "Verified Pools" are built on the Base network using the Uniswap v4 protocol, enabling customizable smart contract functionality to improve transaction speed and reduce costs.
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