Coinbase

Coinbase Custody, the arm of popular exchange Coinbase that provides custodial services, considers adding 37 cryptocurrencies to its services. DeFi tokens dominate Coinbase List The Custodial platform posted on its blog a list of 37 cryptocurrencies for research. The custodial platform offers storage solutions beyond the reach of any attack—the long list of Coinbase Custody mainly composed of DeFi tokens. Coinbase Custody's message is clear that decentralized finance (DeFi) and tokens have potentials. Some popular tokens on the list include…

Cryptocurrency is great, right? You buy, store, spear through the volatility, and eventually hope to accumulate profit several times greater than your initial investment. That is the plan of a large majority of cryptocurrency HODLers. But wait, is that what crypto is all about? Buy, HODL, and Sell? Wasn't cryptocurrency a global, decentralized innovation made a reality by blockchain technology? Shouldn't it be used globally by now, given its ever-increasing market interest? With the advent of Cryptocurrency Credit/Debit Cards, the…

On June 10, the biggest crypto exchange in the U.S. noted its continuous efforts toward exploring the addition of new assets for customers worldwide, even as its focus is on offering support for all assets that meet its technical standards and which comply with applicable laws. According to the San Francisco-based crypto exchange, it is currently reviewing the adoption of an additional 18 tokens which includes tokens yet to be launched. The firm listed the tokens as follows: “These new assets include,…

The impact of the outage that ensued on Coinbase platform on June 1 affected Coinbase.com, pro.coinbase.com, as well as their mobile applications. On June 6, Coinbase released a post mortem regarding the outage that happened just as Bitcoin attained $10k price level. The exchange noted that trading through the API which accounts for the majority of trading volume, remained functional throughout this time. They were quick to discover what caused it and remediated the issue. In the blog post, the US-based…

Exchanges are where all the crypto magic happens. A crypto exchange is the first place you visit if you want to acquire a particular digital asset, whether you have fiat money or other crypto coins.  In layman's, a crypto exchange can be best described as a marketplace where, unlike the common ones, instead of exchanging money for commodities, folks switch their equivalent fiat money for digital assets and vice versa. On the contrary, both parties (buyers and sellers) can exchange…

How is trading cryptocurrencies different from other assets like fiat currency, stocks, or bonds? There are quite a few distinctions, but the main difference is that cryptocurrencies have their trading exchanges, either centralized or decentralized. In recent years, cryptocurrencies have grown in popularity and adoption. They offer cheap, borderless ways of sending and receiving money and new investment opportunities. Additionally, many people migrate to cryptocurrencies as stores of value to protect their wealth from individual and collective government inflation. This…

Recently, Coinbase carried out a research calling Bitcoin a blue-chip asset. It was reported that its position as a blue-chip asset is still undisputed and there is a trend where bull markets exhibit rising traction among alternative assets. The report says this may be due to several reasons, but majorly has to do with psychology. Investors seem more willing to consider altcoins during bull runs, like the time the market dominance of Bitcoin declined beneath 30 percent on Coinbase during…

The biggest bank in the U.S., JPMorgan Chase, is now reportedly dealing with U.S. crypto exchanges Coinbase and Gemini as customers. On May 12, the Wall Street Journal (WSJ) reported that this is the first time the bank has served clients from the cryptocurrency industry. It was reported that both exchange accounts were accepted last month and the bank has started processing transactions. It is noteworthy that the bank is not processing Bitcoin or other crypto transactions on behalf of the exchanges,…

On April 21, Dharma, an Ethereum-based peer-to-peer lending platform announced what it called Social Payments (a Twitter-native financial system) on Twitter. According to the peer-to-peer platform, it is launching the new system that allows Twitter users to accept payments in US dollars. “Introducing social payments – a Twitter-native financial ecosystem. Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account. Now every Twitter handle accepts (and earns…