The largest US-based crypto exchange has seen a sizeable decline of 29% from $462 billion in Q2 to Q3’s $327 billion in trading volume. In its latest report, the company emphasized the volatility in the market as an important factor influencing the transaction revenue. The figures have been quite underwhelming, but according to the platform,...Read More
A new report by the San Francisco-based cryptocurrency exchange Coinbase revealed that its venture arm (Coinbase Ventures) had completed a total of 49 investments in the Q3 of 2021, averaging a new deal almost every two days. The figures have increased by 28 investments made in the previous quarter and 24 in the first quarter...Read More
Following Coinbase’s numerous mainstream marketing initiatives, consumers are demonstrably taking notice. The leading US crypto exchange’s mobile app is once again the most popular product in the App Store. It has received more downloads than any other application in the past few days. Coinbase Reigns Supreme A recent look at App Store statistics shows Coinbase...Read More
Coinbase stock [COIN] has largely mimicked the price action of the broader cryptocurrency market recently. But the powerful rally may have come to a halt. The shares took a beating and depreciated by 1.45% at $320.82 on Tuesday afternoon trading. This came hours after the multinational investment bank Citi provided a very bullish price target...Read More
The leading American cryptocurrency platform – Coinbase – said it will launch a peer-to-peer non-fungible token marketplace called Coinbase NFT. Users can join a waitlist for early access and regular updates. Coinbase Expanding into The NFT Universe In a recent blog post, one of the largest digital asset exchanges revealed it will enable its customers...Read More
The largest US-based cryptocurrency exchange has admitted to being exploited earlier this year when hackers stole assets from approximately 6,000 users. The company vowed to reimburse all affected users. According to a copy of the letter sent to the affected customers, which was available on the website of California’s Attorney General, the exploits took place...Read More
One of the most popular decentralized exchanges, dYdX, has reached a significant milestone in its development as the overall trading volume on a 24-hour period surpassed that of the largest US-based centralized exchange – Coinbase. dYdX Surpasses Coinbase Built on the Ethereum blockchain, dYdX is a DEX supporting perpetual, margin, and spot trading, as well...Read More
In an update to a blog post from months prior, Coinbase has withdrawn its plans to launch a USDC APY lending program on the platform in response to mounting legal pressure from regulators. Coinbase Bends to the SEC The news was quietly released this Friday when Coinbase updated its June blog post that announced an...Read More
Coinbase and the U.S. Homeland Security have struck a million-dollar deal to allow the U.S. government to use the exchange’s services to analyze American citizens’ data. According to official documents, The Immigration and Customs Enforcement (ICE) – a branch of the U.S. Homeland Security Dept. dedicated to cross-border crime and illegal immigration – paid Coinbase...Read More
Coinbase announced today its intentions to hold a private offering of $1.5 billion of senior notes. The company plans to allocate the funds to product development, acquisitions, and new personnel. According to a press release dated September 13th, the largest US-based exchange will offer $1.5 billion aggregate principal amount of its senior notes due 2028...Read More
Brian Armstrong took to Twitter on Sept. 8 to defend his company’s position against the latest onslaught from Uncle Sam’s heavy-handed financial regulator, the SEC. In a blog post titled “The SEC has told us it wants to sue us over Lend. We don’t know why.” Coinbase’s Chief Legal Officer, Paul Grewal, explained the situation...Read More
Changpeng Zhao – Founder and Chief Executive Officer of Binance – said the US arm of the cryptocurrency exchange could follow Coinbase and have an initial public offering in the next 36 months. In a recent interview with The Information, the head of Binance – Changpeng Zhao – revealed that Binance.US – the company’s affiliate...Read More
The mysterious BTC whale, who was recently frequently sending lots of coins to Coinbase, has changed the strategy on the largest cryptocurrency. On-chain data shows that they have accumulated more than 500 bitcoins on Thursday and Friday. Bitcoin Whale Back to Buying CryptoPotato has previously reported some of this particular whale’s behavior – whose Bitcoin...Read More
Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said...Read More
This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price...Read More
America’s largest digital asset exchange will expand its cryptocurrency holdings on the balance sheet with a $500 million allocation, said the company’s CEO, Brian Armstrong. Furthermore, he promised that the firm will invest 10% of its profit going forward. Coinbase to Put More Crypto on Balance Sheet Brian Armstrong, the chief operating officer of Coinbase,...Read More
The US multinational corporation Intel Corp. has disclosed purchasing shares of America’s largest cryptocurrency exchange – Coinbase. The tech company, headquartered in Santa Clara, California, currently owns just a little over 3,000 COIN stocks. Founded in 1968, Intel Corporation is among the largest tech companies with revenue nearing $80 billion as of last year. According...Read More
Axie Infinity (AXS) is among the latest digital assets to be listed for trading on Coinbase Pro. As it typically happens with similar developers, its price jumped by nearly 30% in a matter of hours after the announcement. The leading US exchange outlined the latest set of coins to find a place on the Coinbase...Read More
Coinbase has revealed its bumper profits in its second-quarter shareholder letter, released on August 10. The crypto trading platform acknowledged that the period was a strong one for growth on the back of a crypto market bull run. The key figure to take from the report is Q2 net revenue of $2 billion, its highest...Read More
According to a Coinbase research, 51% of British adults said they are “very interested” in taking out a loan using digital asset holdings as a guarantee instead of traditional methods. 39% revealed they are willing to employ cryptocurrencies to send and receive money in international transactions as well. Brits Want to Adopt Crypto for Transactions...Read More
Zabo announced that it would join the digital asset platform Coinbase. However, the statement did not specify the terms of the deal, and the amount paid remains unrevealed. Coinbase’s New Acquisition According to a blog post, Zabo – a Dallas-based cryptocurrency data aggregator – will become part of the Nasdaq-listed exchange Coinbase. The Co-Founders of...Read More
The latest retracement that drove bitcoin to sub-$30,000 levels has not deterred Cathie Wood’s investment management company ARK Invest. The firm has bought more than 140,000 additional shares of the Grayscale Bitcoin Trust in a day for its ARK Next Generation Internet ETF. ARK Investment Bought the Bitcoin Dip? The price of the primary cryptocurrency...Read More
In an announcement on the company blog on July 13, Coinbase stated that the Polygon Network is now available on the Coinbase Wallet mobile app and extension, and more scaling solutions are coming. Coinbase claims that more than a million of its wallet customers are using DeFi protocols such as Uniswap, Compound, and Aave, and...Read More
Coinbase executives continue to move among the big names in the financial landscape. This month, it was the turn of none other than U.S. Federal Reserve Chairman Jerome Powell. According to Powell’s working schedule for May, the head of the Fed had a face-to-face meeting with the head of the cryptocurrency exchange Coinbase Global Inc....Read More
In a bid to secure financial freedom for all, fintech firm Strike has announced that its clients can now purchase Bitcoin (BTC) with no extra fees on its platform. Strike Launches Bitcoin Tab Announcing the development today, Strike noted that it had launched a “Bitcoin Tab” feature, which would make Bitcoin acquisition cheap, simple, reliable,...Read More
Germany’s financial regulator, the Federal Financial Supervisory Authority, also known as BaFin, issued a license to Major U.S. cryptocurrency exchange Coinbase to enable its local subsidiary to carry out cryptocurrency custody business in the country. BaFin announced the news of the approval via an official release on Monday (June 28, 2021). According to the German...Read More
The skyrocketing demand towards cryptocurrency assets has pushed the veteran US exchange Kraken to release a mobile application in the country. In another development coming from American exchanges, Coinbase integrated its debit card with Apple Pay and Google Pay. Kraken Mobile App Arrives in the US Founded almost a decade ago, Kraken is among the...Read More
After reportedly leading Coinbase’s public offering earlier this year, the giant US investment bank Goldman Sachs predicted a bright future for the exchange’s shares. In a recent report, Goldman has put up a “buy” rating for COIN and predicted a 35% increase by the end of the year. One of the most notable developments coming...Read More
Coinbase’s mobile application has become the most popular app on iOS in the US. With its rise to the top, it has surpassed some highly utilized applications like TikTok, YouTube, Instagram, Facebook, and more. Coinbase Tops US iOS Chart According to data from SensorTower, the mobile application of the largest US crypto exchange has taken...Read More
Shortly after Coinbase became a publicly-traded company, some of its long-term backers sold their portions and netted significant profits. Such is the case with Union Square Ventures and the Intercontinental Exchange, as both pocketed more than $1 billion. ICE Sell Off Coinbase Shares CryptoPotato reported in mid-April the significant milestone in the entire cryptocurrency industry...Read More
