Global cryptocurrency exchange Coinbase has significantly expanded its footprint in New York, announcing the addition of four new cryptocurrencies to its platform after successfully securing a Virtual Currency Business license from the stringent New York State Department of Financial Services (NYDFS). This strategic move underscores Coinbase's growing commitment to navigating and operating within the most tightly regulated crypto markets in the United States.
The newly listed digital assets now accessible to New York users are Subsquid (SQD), Celestia (TIA), XYO (XYO), and Bittensor (TAO). These tokens are available for trading via the Coinbase app and web platform, though users may need to refresh their applications to see the new listings immediately.
This expansion of available assets highlights Coinbase's persistent efforts to deepen its presence in jurisdictions known for strict crypto oversight. By securing the necessary licenses and listing new tokens, Coinbase aims to provide broader market access for its users, even in the face of complex regulatory environments. The rollout of Subsquid to New York, for instance, follows its earlier availability in other regions, reflecting growing global interest in the project.
While the broader cryptocurrency market experienced a downward trend at the time of this launch, these new listings offer fresh exposure and trading opportunities for SQD, TIA, XYO, and TAO. For Coinbase, the move signals an unwavering commitment to expanding access to digital assets, even as it continues to face and overcome regulatory hurdles in challenging markets. The ability to add these assets to its New York offering further solidifies Coinbase's position as a key player in the regulated crypto landscape.
July 2025, Cryptoniteuae