Coinbase is to purchase the UK-based crypto resource firm Skew to enhance its efforts for providing real-time actionable data analytics to traders and institutions. Both parties said that Skew’s platform will be integrated with Coinbase Prime. Founded in 2018 in London, UK, Skew is a cryptocurrency-oriented data analytics company providing investors with “modern, credible, and...Read More
In an announcement on April 23, Coinbase Pro stated that it had enabled trading for the Tether stablecoin. The move is huge news as previously the leading exchange would only support its own native stablecoin, USDC. The announcement added that support for USDT will generally be available in Coinbase’s supported jurisdictions, with the exception of...Read More
Germany’s leading stock exchange, Deutsche Boerse AG, plans to delist COIN – the shares of the largest American cryptocurrency exchange, Coinbase. The organization justified its decision with wrongfully inserted reference data, which has to be resolved before COIN is relisted. Reuters reported earlier today Deutsche Boerse’s intentions to remove the shares of Coinbase from its...Read More
This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value...Read More
Cathie Wood’s Ark funds has purchased a total of $352 million worth of Coinbase shares, two days after making its debut on the Nasdaq stock exchange under the ticker, COIN. Ark Funds’ COIN Acquisition Spree Citing data received by email, Bloomberg reports today that Wood’s funds, including the Ark Innovation ETF, Ark Fintech Innovation ETF,...Read More
Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded. Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike. It took place moments ago, and according to...Read More
Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus...Read More
Ahead of the long-anticipated public listing for his company, Coinbase’s CEO Brian Armstrong asserted that US regulators are wrong in believing cryptocurrencies are primarily used for illicit transactions. He added that the industry wants to be treated on the same playing field as traditional finance when it comes down to legislative frameworks. Armstrong on Crypto...Read More
With the crypto and perhaps the entire financial world focused on Coinbase’s direct listing scheduled to occur today, Binance announced it will list the stock token after the Nasdaq public listing is complete. Binance to List COIN/BUSD CryptoPotato reported the latest initiative from the world’s leading crypto exchange Binance in which the company introduced zero...Read More
Another major US-based cryptocurrency exchange is reportedly considering going public. Kraken revealed record-breaking Q1 numbers and is also planning an IPO – following in the footsteps of Coinbase. Coinbase is the first major US-based cryptocurrency exchange that will see its IPO later this month. As CryptoPotato reported, the company will have its shares listed on Nasdaq on...Read More
A week prior to its direct listing on NASDAQ, Coinbase has posted preliminary Q1 data indicating a massive increase in its userbase and revenue. The trading volume has increased by nearly 300%, the revenue is about $1.8 billion, and more than 11% of all crypto assets are stored on the platform. Coinbase’s Record-Breaking Q1 The...Read More
As nations are dabbling with establishing legislative frameworks on the cryptocurrency industry, several giants have formed a coalition to lobby policy makers and conduct researches to ensure the proper implementation of such rules. According to a Wall Street Journal coverage from today, the prominent names to participate in the new initiative are the mutual fund...Read More
Coinbase, the largest cryptocurrency exchange in the U.S., has announced a date for its highly expected direct listing following approval from the U.S. Securities and Exchange Commission (SEC). In a blog post published on Thursday (April 1, 2021), Coinbase revealed that the direct listing of its Class A common stock would go live on Nasdaq...Read More
The Skrill digital wallet, launched by the specialized payments platform Paysafe, will expand its presence in the US by partnering with Coinbase. The largest US-based crypto exchange will provide new cryptocurrency white label solutions to Skrill, thus enabling users from nearly 40 states to buy and sell digital assets. Skrill Partners with Coinbase Launched in...Read More
With Coinbase’s impending direct listing reportedly coming next month, reports emerge frequently indicating the impact of a crypto company going public for the industry and for the exchange itself. According to the latest estimations, Coinbase CEO Brian Armstrong could become the latest tech decabillionaire with his current stake of roughly 40 million shares. Armstrong to...Read More
Coinbase’s plans to go public, touted as one of the most significant events in the entire cryptocurrency industry, has been delayed until April, reads a recent Bloomberg report. Interestingly, this comes shortly after the company agreed to pay $6.5 million to the CFTC following an investigation regarding wash trading schemes. CryptoPotato reported in late 2020...Read More
Just before its direct listing, Coinbase has agreed to a 6,5 million-dollar fine after the CFTC found that the exchange engaged in illegal wash trading practices. The CFTC found that Coinbase could be engaged in trading practices that provided misleading information to services like Coinmarketcap and the CME Bitcoin Real Time Index. This happened via...Read More
Coinbase announced today that it would list MATIC on its advanced trading platform, Coinbase Pro – the result is a quick upward surge which has resulted in a 35% gain. MATIC Skyrockets After Coinbase Announce Listing Ethereum scaling and infrastructure development platform, Matic Network (now Polygon) has rallied by 35%. The surge was fueled by...Read More
Coinbase has yet to go public, and the markets are already on fire in anticipation of the most awaited direct listing in the cryptocurrency world and the what will be the first major listing ever recorded on the Nasdaq. An independent valuation based on the price of its shares in private markets determined that Coinbase...Read More
The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California,...Read More
After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq. CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to...Read More
In a blog post on Feb. 25 titled “Coinbase is a decentralized company, with no headquarters”, CEO Brian Armstrong stated that the firm has moved to a ‘remote first environment’. No HQ = Decentralized? He added that 52% of their employees have joined the company in a ‘post-office world’ and 95% of them have the...Read More
According to Tradingview citing Coinbase prices, BTC crashed to around $46,800 before bouncing back over $50k again during Tuesday morning’s Asian trading session. The move wiped out over $9,000 in a couple of hours as a cascade of leveraged positions was liquidated on exchanges such as Kraken. Today’s market crash is brought to you by...Read More
In an announcement on Feb. 17, Coinbase stated that it was opening a waiting list for customers that wish to participate in ETH 2.0 staking. “By joining the waitlist today, customers will be first in line to earn ETH2 staking rewards. Getting rewarded with different cryptocurrencies is one of our top requests.” ETH2 staking rewards...Read More
Unlike the 2017-rally, Bitcoin currently indicates strong fundamentals. The growth has been such, over the course of 2020 and the beginning of 2021, that the digital asset has experienced massive capital injection. It is difficult to identify the source at times, as both retail and institutional investments come in a flurry. However, the growth of...Read More
After announcing its plans to go public in December 2020, Coinbase released a statement on January 28th about its intent to propose a direct listing instead of a traditional IPO at the end of the year. The cryptocurrency exchange had already filed its registration documents with the SEC but the direction wasn’t specified until now....Read More
The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) of its Class A common stock. The firm expects the Form S-1 filed with the US Securities and Exchange Commission to become effective after the Commission completes its review. Coinbase Aims For Direct Public Listing CryptoPotato reported in December that...Read More
Coinbase asks FinCEN to pause last year’s rulemakings for cryptocurrency businesses. Shortly after, the agency officially extended the deadline for comments by another 45 days. Crypto Regulations to Wait Major digital currency exchange Coinbase has sent a letter to the Financial Crimes Enforcement Network (FinCEN) to hold up the planned crypto regulations. The US-based venue has...Read More
Institutional buying that started when Bitcoin’s price was as low as $19000 has continued well into the $40000 level. Institutions like Grayscale have consistently added to their Bitcoin holdings irrespective of the price rally and the subsequent correction. Based on data from the Coinbase chart, there is a possibility that institutional investors have bought $BTC...Read More
The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements. More Users Led To Problems On Coinbase Coinbase users located in the UK...Read More
