PANews reported on March 19 that according to The Block, the cryptocurrency exchange Coinbase announced on Tuesday the launch of "Verified Pools", a set of liquidity pools open only to users who have passed its verification.

According to the company's announcement, qualified individuals and institutions in the United States, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands can use Coinbase's Verified Pools to conduct safer and more transparent digital asset transactions without intermediaries. Users can connect to these liquidity pools through the institutional-grade Prime Onchain Wallet, Coinbase Wallet, or other wallets with Coinbase Verified credentials.

Verified Pools is built on Base, a Layer 2 network incubated by Coinbase, supported by developer platform Uniswap v4, and optimized by risk management company Gauntlet.