TL;DR — We’ve upgraded Coinbase Prices and rebranded it as Coinbase Explore to provide users with a single platform to research the entire cryptoeconomy The cryptoeconomy is about far more than buying and selling and assets. But as more people do more with their crypto — earn, lend, collect NFTs, build communities, etc. — they...Read More
After weeks of treading in the red, the market briefly climbed to the $1 trillion mark. The world’s largest cryptocurrency – Bitcoin – as well as some major altcoins, raked in notable gains. Additionally, Coinbase’s Bitcoin price premium also seems to be recovering after surging near 0.075. Possible Whale Accumulation According to the data from...Read More
It comes as no surprise that worsening macro-factors have been the cause of the current crypto bear market. However, Coinbase confirmed the notion in a blog post on July 5, adding that the other third was caused by a weakening outlook for cryptocurrencies. Coinbase noted that the correlation between crypto and traditional markets has risen...Read More
By Cesare Fracassi, Chief Economist, Coinbase Institute TL;DR: How should we evaluate the recent highs and lows of crypto prices? In taking a market efficiency view, crypto prices are a reflection of the market’s assessment of the future prospects of digital assets. This view can help us understand the historical trends in crypto prices and...Read More
The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region. Strengthening European Presence Nana Murugesan, Coinbase’s vice president of international and business development, revealed that the crypto company is targeting Italy, France, Spain, Switzerland, and the Netherlands to set...Read More
Shortly after allegations arose that Coinbase had been selling sensitive user data to the Immigrations and Customs Enforcement, the exchange denied them, reassuring that it has always looked out for its users. Citing contract documents it had observed, The Intercept reported earlier this week that it had obtained proof that Coinbase is selling certain data...Read More
The multinational investment giant – Goldman Sachs – reportedly recommended selling Coinbase (COIN) stocks is a better option than holding or buying them at the moment. As a result, shares of the exchange plunged by more than 9% as the market opened to under $60. From ‘Neutral’ to ‘Sell’ The ongoing cryptocurrency bear market has...Read More
Tl;dr: The replatforming of Coinbase Wallet’s mobile app reflects our commitment to improving access to web3. In this blog, we discuss why the transition to React Native marks a critical turning point for both our users and our technical teams. By Chintan Turakhia, Director of Coinbase Wallet Engineering, and Dan Coffman, Coinbase Wallet React Native...Read More
Coinbase Derivatives Exchange, previously FairX, is all set to launch its first listed crypto derivatives product – Nano Bitcoin futures (BIT). BIT Futures on Coinbase Derivatives Exchange According to the official announcement, BIT will be available to retail investors to trade from June 27 on the CFTC-regulated futures exchange. Boris Ilyevsky, Head of Coinbase Derivatives...Read More
Tl:dr: Coinbase Derivatives Exchange (formerly FairX) will launch its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract (BIT), with each contract sized at 1/100th of a bitcoin. Upon the June 27th launch, BIT futures will be accessible for trading via several leading third-party retail brokers and clearing firms. Coinbase Financial...Read More
The extreme pullback in the cryptocurrency market in the past few months has forced Coinbase, Bybit, and CryptoCom to reduce headcount. Now Indian trading platform Vauld has joined the league and announced a hefty 30% lay-off, which counts Pantera and Coinbase, among others, as investors. Vauld Lay-off According to a corporate communication available on its website,...Read More
Binance US – the US-based division of the world’s largest crypto exchange – announced a new pricing model that offers zero fees for four bitcoin trading pairs, including BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. The crypto giant becomes the first American exchange that makes such a service available to its users. The elimination of such trading...Read More
Major cryptocurrency exchange Coinbase will transform the user experience on its platforms and will gradually halt the Coinbase Pro service. Separately, the company launched its redesigned Wallet mobile application which makes it easier for users to access and navigate top decentralized apps (dapps) and also enables support for Solana. No More Coinbase Pro The company...Read More
Tl:dr Later this year, we’ll begin sunsetting Coinbase Pro to migrate all advanced trading into one unified Coinbase account, bringing customers access to popular features like staking, Borrow, dapp wallet, and Coinbase Card from a single platform balance. Advanced Trade on Coinbase.com is already available globally, with the same volume-based fees as Coinbase Pro. Over...Read More
By Sid Coelho-Prabhu, Director of Product Management, and Jeff Hinojosa, Product Manager Tl;dr We have completely redesigned the Coinbase Wallet mobile app to be more intuitive and visually-compelling. With best-in-class multichain support that now includes Solana, one tap access to view your DeFi positions, dark mode, and real time price charts, the new Wallet app...Read More
Brian Armstrong – CEO of Coinbase – today announced his decision to reduce the size of the company’s team by 18%. Every Coinbase employee has now been issued a letter informing them of whether they’ve been laid off. The Bear Market Strikes According to a blog post from Armstrong on Tuesday, the CEO explained that...Read More
By Brian Armstrong, CEO and Cofounder Earlier today, I shared the following note with all Coinbase employees. Team, Today I am making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn. I want to walk you through why I am making this...Read More
In the latest interview, Coinbase CEO Brian Armstrong shared his view on the broader market amid a months-long dump and the trajectory ahead of the company. He also commented on Ray Dalio’s “The Changing World Order” theory, saying, if crypto adoption continues to rise, a new world order may revolve around a decentralized West competing...Read More
By L.J Brock, Chief People Officer As part of our announcement on Thursday, we made the difficult decision to rescind the offers of a number of candidates who were set to join Coinbase. While it’s necessary to slow our headcount growth in light of the macro environment, we deeply regret the impact this has for...Read More
Paul Grewal – Chief Legal Officer at Coinbase – has cleared the air on the company’s latest 10q which included worrying language pertaining to the management of customers’ funds in the event of bankruptcy. Grewal stated that a bankruptcy event at Coinbase is highly unlikely, and explained how users’ funds are currently kept secure. Are...Read More
A Coinbase spokesperson asserted that the four top leaders maintain large positions in the exchange, demonstrating “their commitment to the long-term opportunities.” Co-founders Brian Armstrong and Fred Ehrsam, President and Chief Operating Officer Emilie Choi, and Chief Product Officer Surojit Chatterjee have jointly raked in approximately $1.2 billion in proceeds from stock sales after going...Read More
Coinbase has announced the expansion of Travel Rule Universal Solution Technology (TRUST), a consortium of major crypto companies designed to comply with FATF’s Travel Rule. TRUST Expansion According to the official blog post, TRUST went live in Canada and Singapore. It is currently eyeing other global jurisdictions, including Europe. The entity is working on providing...Read More
Despite the recent uncertainty and unfavorable market sentiment, Coinbase has climbed into the list of the Fortune top 500 firms. The exchange registered one of the most significant yearly increases in profits and revenue compared to the previous year. Started in the 1950s, the Fortune 500 list is an annually-published ranking of the largest US...Read More
Difficult to prove, yet often suspected, insider trading has been a staple practice of dishonest investors ever since the stock markets took off. Over time, regulators like the SEC were founded in order to fight the phenomenon – despite it being an elusive one hard to pin on a perpetrator. This is due to the...Read More
Tl;dr: Coinbase Wallet makes it simple to trade tokens on your choice of network. This month, we expanded our trading features to support token swaps on BNB Chain and Avalanche. By Catherine Shyu Sullivan, Senior Product Manager More than $1 trillion were traded on decentralized exchanges (DEXs) in 2021 — a staggering 858% increase from...Read More
The recent crash of the cryptocurrency market seems to have affected Coinbase. The leading digital asset platform will reportedly stop hiring employees for two weeks, freeze some business projects, and cut down its spending on Amazon Web Services. Coinbase Temporarily Hits the Brakes The past several weeks and months didn’t go well for the cryptocurrency...Read More
TL;DR: Coinbase is announcing its partnership and investment in the WNBA ecosystem. Today, Coinbase is excited to announce our expanded investment within the Women’s National Basketball Association (WNBA) ecosystem. In addition to the League, our new partners include the Women’s National Basketball Players Association (“WNBPA” — the union which represents all players), two team partners,...Read More
By Paul Grewal, Chief Legal Officer Tl;dr: At Coinbase, we take our responsibility to build a more open, accessible financial system very seriously. We’re deeply committed to our asset listing policies and processes, and we’ll continue to innovate as our dynamic space evolves. A few weeks ago, we shared concerns about purchases of certain assets...Read More
As global regulators are ramping up forces targeting digital asset firms, Coinbase announced the launch of a global crypto-native think tank that aims to accelerate research on the industry and hold constructive discussions with policymakers. Coinbase Institute The blog post by the largest US-based crypto exchange stated that the newly established think tank, Coinbase Institute,...Read More
Coinbase announced facilitating access to Ethereum-based decentralized applications directly through the Coinbase app. This update will enable eligible app users to purchase NFTs on marketplaces such as the recently launched Coinbase NFT or OpenSea, trade on decentralized exchanges, and start borrowing, lending, or swapping through DeFi platforms like Compound. Web 3 on Coinbase App As...Read More
