The crypto exchange platform saw net revenue climb by 115% compared to Q1 2023. Its net income also rose, with $1.17bn the highest it has reached in the last nine quarters. It was the firm’s second positive quarterly earnings report since the crypto boom petered out in 2022. Transaction revenue rose to $1.07bn, which was…
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They based this decision on the fact that the judge had used the December 2021 user agreement, but that didn't take into account the fact that earlier versions had used different language in some sections. The full title of the case is Louis Oberlander v. Coinbase Global Inc., 23-cv-184, US Court of Appeals (2nd Circuit).…
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Osborne, who served as Chancellor for six years until 2016, will join CoinBase’s advisory council. In a statement, the 52-year-old announced he was excited about the “huge amount” of innovation that is present in the financial industry. He will now use his experience in a range of sectors and disciplines – these include business and…
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Set to take place in Manhattan’s federal court on Wednesday, 17 January, the SEC states that Coinbase “violated national securities laws” by selling 13 unregistered crypto tokens. Its second accusation notes that Coinbase did not register its staking-as-a-service (StaaS) program, a method of verifying cryptocurrency transactions that rewards participants on their holdings. Coinbase, on the…
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Fuelling this prevailing crest of excited anticipation, the probable involvement of reputable investment giants such as BlackRock, Fidelity, and Invesco stirred speculations that the spot-Bitcoin ETF will achieve a $100bn market value in due course. Reportedly, Galaxy Digital Holdings Ltd. (GLXY.TO) conferred with about 300 investment professionals about Bitcoin allocations as the ETF approval and…
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According to Forbes, FTX is currently perched atop an approximate total of $3.3bn Solana, Bitcoin, and other cryptocurrencies. The company was granted judicial approval to begin liquidating its recovered crypto, which was lost when its former CEO and founder, Sam Bankman-fried, committed wire fraud, of which he was found guilty. John Reed Stark, former chief…
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This move comes in the wake of acute regulator scrutiny of the cryptocurrency industry. Since the fall of FTX and the fraud trial of its founder, Sam Bankman-Fried, financial watchdogs worldwide brought cryptocurrency exchanges under the microscope. The new appointees bring a wealth of collective experience to this council. Espers was a US defence secretary,…
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Coinbase’s volume has been on a steady decline since Q4 2021, a boom year for the industry. It closed that year with more than $400bn in volume. The broader cryptocurrency market has contracted during the last 18 months, making it more difficult for exchanges to drive growth. However, Coinbase did gain market share in Q3 as…
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This news follows the May announcement regarding the company’s launch of the Coinbase International Exchange. This is a non-US exchange with a class F licence from the BMA. Experts believe this regulatory approval will open doors for crypto asset trading. This would be a positive move for the industry at a time when financial regulations…
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The trading platform says the Coinbase Prime Web3 Wallet is part of the company’s continued commitment to harness cutting-edge technologies for its clients. On its website, it states: We have always kept security and utility top of mind, and today marks another step in that evolution by providing institutional and enterprise clients a secure way…
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