Coinbase is reducing the number of confirmations required for several assets on the platform. We expect this change to both improve customer experience and security posture.
New confirmation requirements for Bitcoin, Litecoin, Ethereum, and Ethereum Classic pursuant to the table below:
Confirmation requirements for assets are based on many factors. These factors change over time just like the assets themselves. To ensure a great customer experience, Coinbase continually evolves our security posture and periodically amends confirmation requirements.
For Bitcoin, Ethereum, Litecoin, and Ethereum Classic, it has been determined that confirmation requirements can be reduced. In practice, this means that deposits will be confirmed on Coinbase faster than before while still meeting a high bar for asset security.
TL;DR: Coinbase is partnering with Shopify to bring the future of commerce onchain. Beginning in June, consumers can pay with USDC on Base through Shopify Payments, bringing onchain payments to millions of storefronts.
