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Coinbase Adds 12 Cryptocurrencies for Futures Trading Collateral

  • Coinbase has added 12 new cryptocurrencies as collateral for futures trading on its platforms.
  • Collateral in futures trading is the margin deposited to open and maintain leveraged positions, acting as security against potential losses.
  • Coinbase is facing controversy following a data breach involving a third-party customer support team in India.
  • The breach led to concerns about outsourcing sensitive operations, potential losses of up to $400 million, and increased regulatory scrutiny for Coinbase.

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