Digital asset manager Monochrome valued at $15M following Series A

Samson Mow, Charlie Lee, Wei Zhou and Kain Warwick were the main contributors to the Monochrome private sale, which concluded last week.

Australian digital asset manager Monochrome has concluded a $1.8 million Series A fundraiser led by some of crypto’s most influential entrepreneurs, underscoring the growing potential of institutional-grade crypto-asset solutions. 

The cash injection will be used by Monochrome to develop new products specializing in Bitcoin (BTC) and other digital assets, the company said. The Series A was co-led by Litecoin creator Charlie Lee, Blockstream chief strategy officer Samson Mow, former Binance CFO Wei Zhou and Kain Warwick, the founder of Blueshyft and DeFi protocol Synthetix. Following the raise, Monochrome’s total valuation was estimated to be worth roughly $15 million.

Monochrome was launched earlier this year by Jeff Yew, the former chief executive of Binance Australia, to provide an institutional onramp to cryptocurrency investing. The company is perhaps best known for the Monochrome Bitcoin Fund, a capital growth vehicle for wholesale investors. The fund targets a near 100% allocation to physical Bitcoin, which is custodied by U.S. trust company BitGo Trust.

Wei Zhou described Monochrome as Australia’s “leading investment firm specializing in regulated access into digital assets,” underscoring the country’s “progressive regulatory stance” towards cryptocurrency.

Like other advanced industrialized nations, Australia’s cryptocurrency regulations are still in their nascent stages. While the country does not recognize crypto as money, digital asset trading is legal in the country and is subject to Anti-Money Laundering and Counter-Terrorism Financing regulations. As Cointelegraph reported, Australia’s financial regulator recently warned citizens against using unregistered cryptocurrency businesses.

Related: Australian crypto businesses tell Senate inquiry about being de-banked up to 91 times

Monochrome, like other crypto-focused asset managers, is targeting institutional investors for inclusion in the digital-asset economy. Demand for crypto among institutional players appears to be growing, as evidenced by the large inflows into Grayscale and CoinShares products, among others. Surveys of institutional investors also reveal that a large percentage of wealth managers are planning to buy crypto investments or increase their exposure to the assets.

Related: Franklin Templeton seeks experts for Bitcoin trading and crypto research

With Bitcoin standing the test of time, more investors are likely to seek out exposure to digital assets in pursuit of broader macroeconomic objectives. Financial advisers could lead the charge now that crypto investing has been significantly de-risked from a career reputation standpoint.

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DeFi needs more tangible assets on-chain to see a successful future

DeFi already offers innovative financial products, but what’s needed for it to go mainstream is to bring more real-world assets on-chain.

In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able to buy your first home on WhatsApp! Smart contracts on the Ethereum blockchain will take care of everything and you won’t need a broker,” he said with conviction, pointing to a slide.

“How will the house’s title change hands? What about the funds? Can the blockchain do escrow? What role for lawyers? How could we possibly buy something worth a million dollars with the click of a button?” the class wondered.

Students in April 2017 — who hadn’t yet seen Bitcoin (BTC) crest above $20,000 — had little reason to believe that blockchain would change the world. They were intrigued anyway. Although these conversations took place back in 2017, the same discussions could still sound captivating to many today. That’s because there are still many individuals and businesses who have yet to experience the impact of DeFi and real-world assets (RWAs).

Looking to our present in 2021, after the excitement of the DeFi summer and the setback of Bitcoin’s recent sell-off, we are at another crossroads. DeFi total value locked is now above $150 billion, MakerDAO has now officially become a DAO, FTX has raised the largest private round in crypto, and a DeFi future seems more plausible than ever.

This would be a world where credit, payments and investing all take place on-chain in a decentralized system, without as great a role for financial institutions. In the spirit of blockchain, and the broader fintech movement, DeFi projects aim to offer innovative financial products with lower fees, fewer intermediaries and higher transparency.

While DeFi has made impressive strides and breakthroughs since 2017, the liquidity in the DeFi ecosystem represents only a fraction of what is needed for decentralized finance to go mainstream by bringing more real-world assets on-chain.

Related: The future of DeFi is spread across multiple blockchains

The question arises for this entire sector: How do we go from early customer traction to product-market fit? So that when a version of the 2017 conversation between the Safaricom executive and MIT students happens today, it won’t sound like something out of the ordinary and more like part of most people’s everyday life. Here are some key deterministic factors for DeFi to gain mainstream adoption.

A comprehensive data and analytic infrastructure

With a declining role for centralized financial institutions, the “guarantors” of the financial system, we are forced to rethink not only how data moves but also how it is controlled and custodied. Without banks, how will a blockchain manage one’s identity? How will we evaluate risk? How will we price assets if we can’t call on centralized datasets for valuations?

Oracles have successfully played a critical role in bridging the gap between real-world data and smart contracts. But how about the data analysis tools such as FICO and Bloomberg that are powering the financial markets? We haven’t seen any oracles that are providing a viable solution to that. The broader DeFi space needs a crowdsource-enabled solution to price historically opaque and illiquid assets so that we can bring these private assets into DeFi effectively and efficiently.

Collectively, this will accelerate the movement of real-world assets on-chain, including real estate and collectibles, and has the power to change the world. Still, we raise new questions: What is the right way to govern data in a decentralized universe, and how will laws apply in technological contexts lawmakers never considered? This question has plagued the social media industry and its reputation for the last several years. How can DeFi avoid similar pitfalls?

A DeFi ecosystem replicates full CeFi functionalities

China is the global leader in fintech innovation, with nearly 90% digital wallet penetration and 62 billion unique transactions made in 2020. This textbook definition of mass adoption is made possible by providing a complete banking experience for the wallet holders. Through Alibaba Group’s Alipay, China’s leading digital wallet, users can purchase insurance policies, invest in mutual funds, exchange currencies, pay bills and donate to charities. Alipay exemplifies a digital revolution built to allow people to continue the same routines but easier, faster and cheaper.

Similarly, the cryptographic innovations must be built upon a DeFi ecosystem that provides the same secured insurance, lending services and trusted currencies. While many DeFi veterans have already implemented RWA-based strategies, the lack of sufficient RWA on-chain severely hinders the ecosystem development.

Related: Decentralized and centralized finance need to collaborate

After having a proper pricing infrastructure, DeFi needs to offer a solution to onboard real-world assets on-chain at scale. The unique value proposition lies within their financing licenses. The space needs a protocol interfacing with traditional corporate borrowers globally to originate RWA at scale and bridge the funding demand in CeFi with liquidity in DeFi. This can be done by offering a frictionless lending process for real-world borrowers, eliminating the need for “crypto education” by allowing the borrowing and repayment to be made in fiat. On top of that, an RWA-based yield strategy has to be created, allowing DeFi and CeFi lenders to invest in income-generating real-world assets while maintaining exposure in crypto assets.

RWA lending will undoubtedly unlock numerous opportunities for DeFi innovations to replicate most, if not all, of the CeFi functionalities. With more projects eyeing RWA, the ecosystem will expand quickly.

An effective and efficient decentralized governance

When we talk about scaling decentralized finance and bringing more RWA on-chain, decentralized governance is an inevitable part. An effective decentralized governance solution could benefit DeFi in many ways:

  • Easier scaling. Organizations interested in scaling up can facilitate the process easier if they’re decentralized.
  • Faster decision-making. This largely depends on the governance form of that organization. Of course, some can be faster than others, but compared against centralized organizations where there is a wait for decisions to be approved, decentralized organizations have a clear advantage.
  • Transparency. All types of transactions are traceable and auditable by all permitted parties, resulting in much higher transparency and fraud prevention.

Related: Decentralized parties: The future of on-chain governance

A global standard for regulatory compliance

In an unpredictable market for regulatory enforcement actions, DeFi cannot afford to fly blind. Just last month, the U.S. Securities and Exchange Commission chairman Gary Gensler said:

“These platforms — whether in the decentralized or centralized finance space — are implicated by the securities laws and must work within our securities regime.”

The DeFi industry needs a strategy for compliance. The views that decentralization makes it difficult to hold any single entity accountable, or worse, that decentralization makes compliance unnecessary, have already and will continue to draw the scorn of regulators.

Related: FATF draft guidance targets DeFi with compliance

How can platforms reasonably fit their businesses within existing legal structures of the Bank Secrecy Act and Know Your Customer (KYC)/Anti-Money Laundering, or at least help to change the paradigm? Libra’s misadventures, though hardly DeFi, represent a missed opportunity to innovate without insulting our authorities. In its current state, the DeFi industry risks insulting regulators and advancing the theory put forth by antagonists like Elizabeth Warren that the cryptocurrency industry only truly exists to promote illicit financial practices, such as money laundering and drug and human trafficking. While the answer is not abundantly clear now as to how DeFi will integrate compliance into the technology stack, it seems clear that it must. Mainstream institutions and the general public will require better KYC standards before adopting.


There are protocols that have the potential to improve and secure the global financial system by introducing much-needed transparency and neutrality into a stable currency. Some stablecoin platforms have allowed anyone to generate their peer-to-peer cash in a trustless and decentralized environment.

But if we truly want everyone to realize the dream of accessible financial services for all people, then those of us in the DeFi space must leave our comfort zones. Our goal is for RWA to incorporate billions of dollars in non-digitally native. We must cross the chasm and step outside collateral into the DeFi ecosystem, but we can’t do it alone. We need to work together with a whole set of companies and projects that have a clear goal while encouraging competition from the legacy financial sector to benefit what is most important — the users.

This article was co-authored by David Lighton, Kevin Tseng and Mariano Di Pietrantonio.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

David Lighton is the co-founder of Lithium Finance. He’s an entrepreneur passionate about inclusive financial innovation and also the founder of SendFriend, a fintech startup using blockchain for international money transfers. David also served as special assistant on the Haiti desk at the World Bank and co-authored the Haiti National Financial Inclusion Strategy. David holds an MBA from the MIT Sloan School of Management and an M.A. and B.A. with honors from Johns Hopkins University.
Kevin Tseng is the founder of Naos Finance. Prior to Naos, Kevin was a serial entrepreneur and an investor. Kevin founded and exited three tech startups in China and Southeast Asia and led strategic investment at The Walt Disney Company and Alibaba Group.
Mariano Di Pietrantonio is the head of strategy for MakerGrowth, a MakerDAO Core Unit. He works primarily on the development and research of new use cases, including education, partnerships and communication activities. Mariano has 15 years of experience in product and marketing in industries such as pharma, banking and gaming, among others.
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Crypto staking rewards and their unfair taxation in the US

The U.S. Internal Revenue Service appears to be blinded by its own enthusiasm on crypto taxation, instead creating an excessive financial burden.

The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been a taxable event. Yet, the IRS seeks to tax new tokens as income at the time they are created. This is an infringement on traditional tax principles and problematic for several reasons.

In 2014, the IRS stated in an FAQ within IRS Notice 2014-21 that mining activities would result in taxable gross income. It is important to note that IRS notices are mere guidances and are not the law. The IRS concluded that mining is a trade or business and the fair market value of the mined coins are immediately taxed as ordinary income and subject to self-employment tax (an additional 15.3%). However, this guidance is limited to proof-of-work (PoW) miners and was only issued in 2014 — long before staking became mainstream. Its applicability to staking is especially misguided and inapplicable.

Related: More IRS crypto reporting, more danger

A newly filed lawsuit now underway in federal court in Tennessee challenges the IRS’s taxation of staking rewards at their creation. Plaintiff Joshua Jarrett engaged in staking on the Tezos blockchain — staking his Tezos (XNZ) and contributing his computing power. New blocks were created on the Tezos blockchain and resulted in newly created Tezos for Jarrett. The IRS taxed Jarrett’s newly created tokens as taxable gross income based on the fair market value of the new Tezos tokens. Jarrett’s attorneys correctly pointed out that newly created property is not a taxable event. That is, new property (here, the newly created Tezos tokens) is only taxable when it is sold or exchanged. Jarrett has the support of the Proof of Stake Alliance, and the IRS has yet to answer the Jarrett complaint.

A taxable income

In the history of the United States income tax, newly created property has never been taxable income. If a baker bakes a cake, it is not taxed when it comes out of the oven, it is taxed when sold at the bakery. When a farmer plants a new crop, it is not taxed when harvested, it is taxed when sold at the market. And when a painter paints a new portrait, it is not taxed when completed, it is taxed when sold at a gallery. The same holds true for newly created tokens. At creation, they are not taxed and should only be taxed when sold or exchanged.

Cryptocurrency is new and there are a lot of evolving terminologies that go along with it. While calling newly created token blocks “rewards” is commonplace, it’s a misnomer and could be misleading. Calling something a reward suggests that someone else is paying for it and makes it sound a lot like taxable income. In actuality, no one is paying a new token to a staker — it’s new. Instead, staking produces truly new-created property.

Related: More IRS summonses for crypto exchange account holders

Some suggest that new tokens are taxable (at creation) because there is an established market where value is immediately quantifiable. Said differently, they argue that the baker’s cake is not taxable upon creation because there is no established market price that determines what the cake is worth. It is true that Tezos tokens have an immediate market value, but even this fact should be put into context: Prices can vary across marketplaces and not all markets are accessible to everyone. But the existence of a market price is often true about new property — and not just for standardized or commodity products. If the standard is whether an identifiable market value exists, then other newly created property would indeed be taxable, including unique property. When Andy Warhol completed a painting, there was a market value for his artwork; it had value with every stroke of his brush. Yet, his paintings were not taxed upon creation. Newly created property — in any context — has never been taxable, not because its value might be uncertain, but because it isn’t income yet. Cryptocurrency should be treated the same.

Other analogies to traditional tax principles are misplaced and they simply don’t match up. For example, staking rewards are not like stock dividends. The IRS states in its Topic No. 404 Dividends that “dividends are distributions of property a corporation pays you if you own stock in that corporation.” Thus, dividends are a form of payment derived from a source — the corporation creates the dividend. Further, that dividend comes from the corporation’s profits and earnings. The same is not true for newly created tokens. With newly created property — like those through staking — there is no other person originating a payment and there is certainly no payment dependent on profits and earnings.


Finally, the IRS position is impractical and overstates income. Staking rewards are continuously created and user participation is high. For both Cardano’s ADA and XNZ, over three-fourths of all users have staked coins. Across the spectrum of cryptocurrency staking, the pace of newly created tokens is staggering. In some instances, there are minute-by-minute and second-by-second creations of new tokens. This could account for hundreds of taxable events each year for a crypto taxpayer. Not to mention the burden of matching those hundreds of events to historical fair market spot prices in a volatile market. Such a requirement is unsustainable for both the taxpayer and the IRS. And ultimately, taxing new tokens as income results in overtaxation because the new tokens dilute the value of the tokens already in existence. This is the dilution problem and it means that if new tokens are taxed like income, stakers will pay tax on a demonstrably exaggerated statement of their economic gain.

Related: Tax justice for crypto users: The immediate and compelling need for an amnesty program

The IRS’s fervor to tax cryptocurrencies promotes an inconsistent application of the tax laws. Cryptocurrency is property for tax purposes and the IRS cannot single it out for unfair treatment. It must be treated the same as other types of property (like the baker’s cake, the farmer’s crops, or the painter’s artwork). It should not matter that the property itself is cryptocurrency. The IRS appears blinded by its own enthusiasm, therefore we must advocate for tax fairness.

This article is for general information purposes and is not intended to be and should not be taken as legal advice.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Jason Morton practices law in North Carolina and Virginia and is a partner at Webb & Morton PLLC. He is also a judge advocate in the Army National Guard. Jason focuses on tax defense and tax litigation (foreign and domestic), estate planning, business law, asset protection and the taxation of cryptocurrency. He studied blockchain at the University of California, Berkeley and studied law at the University of Dayton and George Washington University.
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Building a remote-first company: Our biggest lessons so far

By Dominique Baillet, Global Head of Employee Experience, Diversity & Inclusion

At Coinbase, our journey to becoming a remote-first company started last April, when we shared internally, and then publicly, that post-pandemic, we wouldn’t be going back to business as usual. A year of working toward this goal isn’t long enough to make us experts, but part of our culture is focusing on repeatable innovation, and a year into this journey is always a good milestone to take stock.

Be open to disrupting “the way we do things.”
Before the pandemic forced us to experiment with universal work from home, Coinbase had a strong in-office culture that was only getting stronger. While we had a norm that employees could work remotely one day each week, so much of the energy and action of work was in the in-person interactions happening in the physical office that few people took advantage of this opportunity. Employees from other offices mostly visited San Francisco, not the other way around. Because of this, many employees in other offices keenly felt their distance from our San Francisco office, the de facto center of gravity for Coinbase.

Despite this powerful inertia, last April, after about a month of pandemic-induced WFH, we were willing to ask a big, deeply surprising, culture-shaking question: What if working remotely was … better? What if it actually had more advantages than being rooted to a single HQ? And after a month of grappling with that possibility, it became clear that we felt confident and convinced enough to say yes. Based on the opportunities to decentralize and disrupt ourselves and create access to a broad talent pool, even after the restrictions of covid had ended, we would embrace a transition to being a remote-first company. If we had let our office-based inertia carry us into the future of work, we’d still be where we were almost a year ago.

First, principles, then, answers.
Why are we doing this? What are we solving for? What, ultimately, are we hoping to achieve? Before even beginning to answer the practical questions around remote-first, addressing these higher-order questions with a defined set of goals and design principles gave us a framework for anything we might face as part of this work. Our goals in this work are:

  • To get — and keep — top talent in every seat, as we scale.
  • To help employees embody what it means to act like owners.
  • To become the best crypto company in the world to work for.

These are intentionally broad, so we also defined a set of design principles to help us in the day-to-day work of pursuing a remote-first future. Whenever we find ourselves at a decision point, we’re able to look at these principles to guide us to the right answer:

  • Maximize choice for employees
  • Build equitable (not identical) experiences for employees in the office and out
  • Ensure equal access to opportunity, growth, and inclusion
  • Let the culture we want drive our decisions
  • Default to trusting employees

Once we defined these sources of guidance, we were able to lay out the next steps and get to work with focus, alignment, and speed.

Build a process that works for your culture.
Even as we grow, Coinbase works to preserve the founding moment. Part of that start-up energy we embrace is showing our work. When we announced to employees that we would be transitioning to remote-first, we had some early ideas about what it might look like, but by no means did we have answers to all of our (or employees’) questions.

For other companies, this would have been the wrong way to approach this transition, but Coinbase employees highly value transparency, even if there’s ambiguity attached. Sharing our decision early and our progress often gave us the opportunity to directly involve employees in generating the solutions to these big questions (How will we collaborate? How can we recognize and reward employees?) rather than needing to brainstorm behind closed doors and emerge with a fully-formed plan. This process also allowed us to prioritize employees’ most important questions first (Where can I live? What will I get paid?) and deliver answers so they could make critical decisions about their lives outside of work.

Find and enlist natural owners.
Coinbase still runs lean; we all wear many hats, and are accustomed to jumping in to solve for the unexpected. Naturally, this served us extremely well in the cultural all-hands-on-deck that 2020 required. When breaking out the initial workstreams of our transition to remote-first, some tracks, like Compensation, Security, and Learning & Development already had natural owners. Others, like Collaboration or Recognition, did not. In these cases, we were able to look around the company to find natural, if not official, leaders for these tracks of work. Specifically, this meant using our core working team to nominate likely candidates and then having open conversations with them about appetite, passion, and bandwidth for a topic. Sometimes, even if they weren’t ultimately the right choice, the conversation led us to the person who would be.

Once we’d identified the right people to lead each track of work, we prioritized our big questions to serve employees’ most immediate needs first:

P0 Questions:

  • Where can people work?
  • What will we pay them?
  • What are the other legal requirements to be remote-first?

P1 Questions:

  • How do we create equitable working experiences for all employees?
  • How do we maintain security?
  • What tooling and documentation do we need?

P2 Questions:

  • How do we collaborate and connect?
  • How do we train and develop for remote success?
  • How do we identify and recognize employees?

This allowed our core working team to support each workstream with project management guidance, and ensure that all we were hitting our goals for timing.

Done is better than perfect.
While the shift to remote work rightly feels revolutionary, it is also evolutionary. We’re learning more every day about what employees need, how we can best support them, and how the different pieces of work we’re doing interact with each other. We believe that getting to 100% fidelity and finish, for work like this, will mean our answers are coming far too late to be useful. Instead, we’ve adopted an informal principle of shipping culture-related changes/updates at 80%, with the explicit acknowledgment that things will continue to evolve. With 1,200+ employees, if we’ve considered every eventuality before crafting a policy, approach, or norm, then we’ve probably waited too long. Of course, this approach requires humility, leaning into feedback from all of our stakeholders at the leadership and employee level, and (see above), being willing to question the way we do things, in order to do them better.

Finally: The next part of this journey will look totally different.
We have all experienced so much change during the pandemic that it’s certainly felt like “the hard part” of this transition. And the psychological impact of going from an in-office world to one where an employee spends all of their waking weekday hours at home was tremendously challenging for many people. But this first chapter was also “the easy part” of remote-first because we were all in a single mode, forced into a state of universal work from home. The next chapter, in which we fully inhabit our remote-first future — with some folks in the office five days a week, some a few days a week, and others never — is where the rubber meets the road, and where we can expect a whole new set of lessons to learn.

Building a remote-first company: Our biggest lessons so far was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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BarnBridge (BOND), Livepeer (LPT) and Quant (QNT) are now available on Coinbase

UPDATED to include Quant (QNT) as of June 24 at 3:34 p.m. PT

Starting today, BarnBridge (BOND), Livepeer (LPT) and Quant (QNT) are available on and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BOND, LPT, and QNT in most Coinbase-supported regions, with the exception of Singapore. Trading for these assets is also supported on Coinbase Pro.

BarnBridge (BOND)
BOND is an Ethereum token that governs BarnBridge, a protocol that enables users to hedge against DeFi yield sensitivity and price volatility. Its first application, SMART Yield, allows users to choose between risk profiles for lending on DeFi protocols such as Aave and Compound. By using SMART Yield, senior bond investors can receive fixed rates at potentially lower risk while junior bond investors can receive higher rates at higher risk.

Livepeer (LPT)
LPT is an Ethereum token that powers the Livepeer network, a platform for decentralized video streaming. LPT is required to perform the work of transcoding and distributing video on the network while also incentivizing peers to ensure that the network is cost-effective and secure.

Quant (QNT)
QNT is an Ethereum token that is used to power Quant Network’s Overledger brand of enterprise software solutions, which aim to connect public blockchains and private networks. Quant Network allows the creation of so-called mDapps that enable decentralized applications to operate on multiple blockchains at once.

One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see BOND , LPT, and QNT ), as well as a new section of the Coinbase website to answer common questions about crypto.

Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store BOND, LPT, and QNT today.

Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.

BarnBridge (BOND), Livepeer (LPT) and Quant (QNT) are now available on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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