Coinbase Reports Disappointing Earnings, Reflecting Crypto Winter

There was not much to cheer about in Coinbase’s first quarter earnings for 2022 yesterday. If anything, they provided more proof of the pain in crypto markets. North America’s biggest cryptocurrency exchange by trading volume reported losses and a revenue decline of more than a billion dollars in its latest earnings period. The exchange, among… Read More Coinbase Reports Disappointing Earnings, Reflecting Crypto Winter

Coinbase Stock Falls After Record Profits

Bitcoin’s wild price trajectory during the pandemic boosted Coinbase’s revenues and profits. The company, which runs North America’s biggest cryptocurrency exchange by trading volume, witnessed a surge in users and transactions and posted record profits on its platform during the fourth quarter. Its income jumped to $840 million from $177 million a year ago.  With… Read More Coinbase Stock Falls After Record Profits

Coinbase Reports Record Earnings, Cautions Investors

Revenues for North America’s biggest cryptocurrency exchange skyrocketed as Bitcoin surged to new highs in the first quarter of 2021. Coinbase reported revenues of $1.8 billion, up from $191 million a year ago. Net income for the San Francisco-based company jumped to $771 million from $32 million a year earlier. Coinbase’s sterling quarterly performance occurred… Read More Coinbase Reports Record Earnings, Cautions Investors

Coinbase Becomes Principal Member of Visa

North America’s biggest cryptocurrency exchange Coinbase has become a principal member of card processor Visa’s network. The membership, which was actually granted in December but revealed only today, enables Coinbase to become an “issuing authority”, similar to banks, and issue credit cards on Visa’s network. This means that the exchange can work directly for crypto… Read More Coinbase Becomes Principal Member of Visa

Coinbase Hikes Fees for Low Volume Traders

North America’s biggest cryptocurrency exchange Coinbase will be hiking fees for low-volume cryptocurrency traders on its Coinbase Pro platform, starting Monday. The Coinbase Pro platform is meant for traders but retail investors can also create accounts on it. The exchange currently charges a flat 0.25% fee for takers (or traders who take only one side… Read More Coinbase Hikes Fees for Low Volume Traders

Coinbase, Once An Exclusive Crypto Exchange, Is Considering New Listings Again

When it was launched, Coinbase was among the most selective cryptocurrency exchanges, choosing to list only two or three prominent cryptocurrencies while other exchanges listed hundreds or thousands. Now it is making up for lost time. North America’s biggest cryptocurrency exchange announced Thursday that it is considering the addition of new cryptoassets that haven’t been… Read More Coinbase, Once An Exclusive Crypto Exchange, Is Considering New Listings Again

Coinbase May Be Considering Initial Exchange Offerings (IEOs)

San Francisco-based cryptocurrency exchange Coinbase may be considering Initial Exchange Offerings (IEOs) to boost its revenue. The company’s head of institutional sales, Kayvon Pirestani, told audiences at online publication Coindesk’s Invest: Asia conference that IEOs presented a “really interesting opportunity” for Coinbase. “In a nutshell, Coinbase is carefully exploring not only the IEO space but… Read More Coinbase May Be Considering Initial Exchange Offerings (IEOs)

Barclays Ends Relationship with Coinbase; ClearBank Steps In

Barclays has stopped providing banking services to Coinbase. The reasons for ending of the relationship between one of Britain’s premier banks and North America’s largest cryptocurrency exchange are unclear. However, a Coindesk report states that Barclays developed “cold feet” over the risk involved in associating with cryptocurrencies. The same report also quotes another source as… Read More Barclays Ends Relationship with Coinbase; ClearBank Steps In

Binance Is Considering Listing 30 Coins On Its Proposed Exchange

Cryptocurrency exchange Binance is evaluating 30 coins for listing on its proposed US subsidiary. The Malta-based exchange is arguably the world’s biggest cryptocurrency trading exchange by volume. Last month, it announced plans to launch an exchange in the US and has taken steps to ensure compliance with regulatory authorities. The exchange’s list of coins that… Read More Binance Is Considering Listing 30 Coins On Its Proposed Exchange

Grayscale Moves Custody of $2.7 Billion Worth of Cryptoassets to Coinbase

Crypto asset management pioneer Grayscale Investment, has moved custody of its cryptoassets to Coinbase. The approximately $2.7 billion turnover, which represents one of the crypto world’s biggest single-day transfers, took around 12 hours. Grayscale’s assets were previously held at Xapo. “Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access… Read More Grayscale Moves Custody of $2.7 Billion Worth of Cryptoassets to Coinbase

Coinbase Adds Crypto-To-Crypto Pair Trading

North America’s biggest cryptocurrency exchange Coinbase has introduced crypto pair-to-pair trading. In simple words, this means that users with accounts on its trading platform will be able to convert one cryptocurrency to another. The new feature is called Coinbase Convert and its initial edition will facilitate conversion from bitcoin to bitcoin cash, ethereum, ethereum classic,… Read More Coinbase Adds Crypto-To-Crypto Pair Trading

Top Universities Take The Lead In Crypto Courses And Education

The blockchain future might arrive sooner than you think, if the proliferation of courses related to cryptocurrencies and blockchain is any indication. According to research conducted by Coinbase and Qriously, a London-based ad-tech firm, 42 of the world’s top 50 universities have already jumped onto the cryptocurrency and blockchain bandwagon by offering, at least, one… Read More Top Universities Take The Lead In Crypto Courses And Education

Coinbase’s Entry Into Cryptocurrency Custody Could Be A Game Changer

Philosophical arguments about the nature of money apart, one of the biggest stumbling blocks to adoption of bitcoin as an investment vehicle is the absence of a cryptocurrency custody solution. Institutional investors have largely stayed away from the cryptocurrency as an increasing number of hacks and scandals at crypto exchanges, which are responsible for a… Read More Coinbase’s Entry Into Cryptocurrency Custody Could Be A Game Changer

Two Things We Learned About Coinbase From Its WaPo Profile

North America’s largest cryptocurrency exchange Coinbase was the subject of a glowing profile in Washington Post this past week. Here are two things we learned about Coinbase from the profile. Coinbase has more accounts than Fidelity Investments Coinbase has more accounts on its platform than Fidelity Investments, the world’s fourth-largest asset manager. The San Francisco-based… Read More Two Things We Learned About Coinbase From Its WaPo Profile