According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading. Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added. BTC HODLers On The Rise The cryptocurrency monitoring company Chainalysis recently...Read More
The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase. Compound TVL Crosses $400M TVL Milestone With the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project...Read More
On Monday, June 22, transfer COMP into your Coinbase Pro account ahead of trading. Support for COMP will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time. On Monday, June 22, we will begin accepting inbound transfers of COMP to...Read More
Starting today, Coinbase supports Maker (MKR) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store MKR. MKR will be available in all Coinbase-supported regions, with the exception of New York State. Maker (MKR) Maker is an ERC20 token that describes itself as “a utility...Read More
We are continuing to explore the addition of new assets for customers around the world. Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase platforms to at least 90% of the...Read More
The most widely used US-based cryptocurrency exchange Coinbase went down during Bitcoin’s latest surge above the $10,000 mark. After a few days of discontent from the community, the company recently published a statement claiming that the unusually high traffic prompted technical difficulties. Traffic Brings Down Coinbase As CryptoPotato reported recently, the US-based exchange went offline...Read More
Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies. At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts. Coinbase To Sell Analytic Software To Government Agencies? The public records link the...Read More
Bitcoin managed to break the psychological barrier of $10,000 hours ago. During the price surge, however, the leading US-based cryptocurrency exchange, Coinbase, experienced technical issues and was not functioning for about an hour, again. Bitcoin Up, Coinbase Down As CryptoPotato reported earlier today, the primary cryptocurrency finally broke the $10,000 resistance level after several consecutive...Read More
Coinbase Pro, the professional trading platform of leading American cryptocurrency exchange and wallet provider Coinbase, is adding support for Maker DAO’s token (MKR) again after a failed listing attempt in April 2019. MKR Trading Starts Tuesday, June 9 According to a Friday announcement, Coinbase Pro will start accepting MKR deposits from users on Monday, June...Read More
Another week has passed, and it has been nothing short of exciting on the cryptocurrency market. Bitcoin went on to lose a serious chunk of its value as it plunged below $8,700 only to recover a few days later and touch $9,600. However, BTC is relatively indecisive over the past couple of days as it...Read More
The US-based cryptocurrency exchange Coinbase has extended its staking services for Tezos (XTZ) to users from a few European countries. The price of the asset has increased by nearly 6% since the announcement yesterday. Europeans To Stake XTZ On Coinbase As CryptoPotato reported before, Coinbase added Tezos staking in late 2019 for users based in...Read More
On Monday, June 8, transfer MKR into your Coinbase Pro account ahead of trading. Support for MKR will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time. On Monday, June 8, we will begin accepting inbound transfers of MKR to...Read More
By Rhea Kaw, Product Manager At Coinbase, we’re focused on offering more ways for customers to earn rewards by holding crypto. Following our recent launch of Tezos staking rewards for our US customers, we’re now rolling out this feature for Coinbase users in the UK and certain EU member countries*. Coinbase will stake Tezos on behalf...Read More
You can now top up your balance as you are sending crypto By Paul Katsen, Product Manager Today we’re announcing three improvements to help customers send crypto more easily, confidently, and efficiently. Easily top up your balance as you send If you don’t have enough crypto to complete a send, you can now top up your balance right...Read More
The acquisition will cap off a period of strong institutional focus for Coinbase, and comes at a time when the world’s most recognized professional investors and funds are giving increasing attention to the asset class. Over the past eight years, Coinbase has built one of the most trusted names in crypto by providing clients with industry-leading...Read More
Today we’re welcoming FTX, one of the world’s most exciting cryptocurrency derivatives and spot exchanges, to Coinbase Custody International (CCI). As the primary custodian for FTX, Coinbase Custody will be responsible for the storage of its ERC-20 exchange token, $FTT. FTX selected Coinbase Custody International after reviewing our battle-tested storage solution which includes world-class security, regulatory...Read More
Starting today, Coinbase supports OmiseGO (OMG) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store OMG. OMG will be available for customers in all Coinbase-supported regions, with the exception of New York State. OmiseGO (OMG) OmiseGo (OMG) is an Ethereum token that powers the...Read More
Coinbase Custody clients now have the ability to use their Cosmos assets to earn rewards through staking without having to put their funds at risk. By Bryce Ferguson, Product Manager, Coinbase Custody Coinbase Custody was the first crypto custodian to offer staking and active governance for digital assets held in safe, offline storage. This means that our...Read More
After the restrictions of quarantine are over, the leading U.S. based crypto exchange, Coinbase, will embrace a ‘remote-first’ culture. The remote-first shift has been accelerated with the duty to comply with the six feet apart social distancing measures currently in place due to Coronavirus. Implications for Coinbase Employees Coinbase estimates that between 20 – 60%...Read More
Crypto Twitter has had a very interesting week, although not necessarily for the best of reasons. JK Rowling showed some minor interest in Bitcoin, and the situation got out of hand pretty quickly. Whenever a celebrity tweets about Bitcoin, a social media storm ensues. The JK Rowling “Event” is a Missed Opportunity In the case...Read More
Coinbase CEO Brian Armstrong just fell for the oldest trick in the crypto-twitter playbook. When Harry Potter author J.K Rowling made a surprise entrance to the Bitcoin space this weekend, Armstrong attempted to welcome her in. When Rowling apparently made a $100 BTC purchase, Armstrong told her to get over to Coinbase and urged her...Read More
Bitcoin buyers on Coinbase tend to go on to experiment with altcoins, and BTC could be acting as a gateway drug. That’s according to new research by Coinbase, which showed that among customers with at least five purchases, those who bought Bitcoin first were more likely to spread out into the altcoin market too. The...Read More
On Monday, May 18 2020, transfer OMG into your Coinbase Pro account ahead of trading. Support for OMG will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time. On Monday, May 18, we will begin accepting inbound transfers of OMG...Read More
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol (NEAR) & Polkadot (DOT) With over 300 clients and having topped more than $8 billion in crypto assets stored, Coinbase Custody is the world’s largest and most trusted institutional crypto custodian. Started in 2018, Coinbase Custody offers clients access to the secure,...Read More
The Coinbase Price Oracle provides a critically important service to the DeFi ecosystem: a signed price feed available via the Coinbase Pro API. By Andrei Anisimov and Luke Youngblood Over the last two years the Decentralized Finance (DeFi) ecosystem has rapidly expanded as a core use-case in crypto. Today, there are close to $1B in assets...Read More
By Mike Co In recent days, stablecoins have grown by nearly $3 billion. As a brief primer, a stablecoin is “a digital currency designed to maintain price parity to some ‘stable’ asset. A stablecoin can have its value ‘pegged’ to fiat money, to gold, to other digital currencies, to exchange-traded commodities, etc.” There are currently at least...Read More
By Melissa Zhang Crypto at its core has always been intended for a global audience. Bitcoin and other cryptocurrencies have no concept of borders, allowing for value to transfer seamlessly across the Internet. Coinbase’s vision and mission is to build an open financial system for the world. As of mid-2017, Coinbase was supporting translations in eight...Read More
The next phase of our institutional strategy Capping off a period of product focus, today we welcome our Head of Institutional Coverage, Brett Tejpaul By Emilie Choi, Chief Operating Officer Over the past 12 months, Coinbase has been laser focused on building out the types of features and services that our institutional customers need. Since the...Read More
