Coinbase CLO States Base Layer-2 Network Is Not an Exchange
Chief Legal Officer Paul Grewal clarifies regulatory views, affirming that Coinbase’s Base operates as a Layer-2 blockchain and not as a trading platform.
Summary
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Terms & Concepts
Layer-2 Blockchain: A secondary framework built on top of an existing blockchain to improve scalability and transaction speed.
Exchange: A platform where cryptocurrencies are bought, sold, or traded between participants.
Base: Coinbase’s Layer-2 blockchain network designed for scalability and efficiency, built on Ethereum.