Coinbase

Coinbase – America’s largest cryptocurrency exchange – has updated its statement detailing its approach to Ethereum’s upcoming Merge. The firm has now clarified that it's willing to list a possible forked version of ETH at the exchange. The statement, uploaded last week, was revised on Thursday to reflect Coinbase’s commitment to creating a “level playing field” for all assets. Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other…

Coinbase – the largest cryptocurrency exchange in the United States – plans to make trading fee revenue less central to its business.  Instead, company CEO Brian Armstrong said he’d like to see over 50% of its revenue generated from subscriptions and services.  Coinbase’s Long-Term Plans In an interview with CNBC, Armstrong said that subscriptions and services account for 18% of Coinbase’s current revenue. He predicts that share will grow over many years, making the exchange’s performance more predictable in the…

Defi Yield Protocol (DYP) announced its listing across multiple leading exchanges including Coinbase, Huobi, and MEXC last month. It also recently provided details on its upcoming Metaverse platform, which will feature interactivity with Cats and Watches Society (CAWS) NFTs. Coinbase revealed the listing of DYP on June 21st, while trading started one day later. Next, MEXC announced it will start listing of DYP for the first time on July 19th. Huobi then added DYP to its platform on July 27th. …

Cathie Wood’s fund management firm Ark Invest has let go of 1.4M of its Coinbase shares. News of this emerged via the firm’s daily trade data release earlier today. Wood Offloads 1.4M Shares Ark is Coinbase’s third-biggest shareholder with COIN holdings nearing 9 million as of late last month. A Bloomberg release revealed that with this liquidation the company conducted its first COIN dump this year. Ark sold the shares in a $75M deal involving 3 of its operational exchange-traded…

The US Securities and Exchange Commission (SEC) is investigating whether Coinbase allows customers to trade unregistered securities. Bloomberg reported on July 26, citing three people familiar with the matter. Allegedly, the regulator started looking into Coinbase’s operations after the exchange listed new tokens. At the moment, Coinbase lets Americans trade over 150 crypto tokens. Should the investigation find that some of these tokens are securities, Coinbase could have to register with the SEC. However, Coinbase Chief Legal Officer Paul Grewal…

The U.S. Department of Justice (DOJ) has charged three individuals with the first ever cryptocurrency insider trading scheme. Among the three accused is Ishan Wahi – a former product manager at Coinbase. Exploiting Coin Listing Knowledge According to the DOJ’s press release, Ishan Wahi has been specifically charged with both wire fraud conspiracy and wire fraud. Charged alongside him are his brother Nikhil Wahi and friend Sameer Ramani. Each charge carries a maximum sentence of 20 years. The product manager…

Leading crypto exchange Coinbase has secured a crypto asset service provider license in Italy. The company announced this news through a blog post on July 18. This license will allow the exchange to offer Italians crypto services in a regulated environment. According to the blog post, Coinbase moved to secure the license after Organismo Agenti e Mediatori (OAM) said it would implement new requirements for crypto service providers. Among the new requirements for crypto service providers is securing regulatory approval.…

Coinbase Derivatives Exchange, formerly FairX, is preparing to launch its first listed crypto derivatives product on June 27. Coinbase announced on June 24, noting that the product is dubbed Nano Bitcoin Futures (BIT). The exchange has lowered the barrier to entry by setting the size of eachBIT contract to 0.01 Bitcoin (BTC). According to the announcement, BIT futures will be available for trading through several intermediaries. These include brokerage firms like EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate.…

Bitcoin and cryptocurrencies aren’t the only assets suffering right now. Companies built around or connected to the crypto market are also in deep water following the crash, including Coinbase and MicroStrategy. MicroStrategy is down 21.61% on the NASDAQ today, in line with Bitcoin’s 21.23% slump over the last 5 days. The software company is the largest corporate holder of Bitcoin, with 129,000 coins on its balance sheet as of April. This collapse alone puts MicroStrategy’s Bitcoin position down $1 billion.…