Search Results for: Coinbase

“Cryptocurrency exchange Coinbase is eyeing international expansion, with focus on UK, EU, Canada, Brazil, Singapore, and Australia. Despite initial doubts, the company is strategically positioning itself as a trusted brand in Europe ahead of crucial 2024 elections and plans to introduce derivatives to new markets.”

Coinbase, a top crypto exchange, aims to expand to non-U.S. markets, prioritizing countries with clearer crypto regulations. The company’s strategy includes acquiring licenses, setting operations, and registering in these markets. It points to a lack of crypto-forward regulation in the U.S., potentially impacting its influence in the crypto field.

Coinbase has launched a crypto-lending service targeting its institutional clients in the US. The initiative intends to fill the gap in institutional crypto-lending, and it was announced via an SEC filing. The service uses a Regulation D exemption, letting clients provide primarily crypto assets and receive over-collateralized loans. This new venture raises questions about avoiding regulatory uncertainties and potential financial risks.

COIN recently launched a crypto lending venture exclusively for US institutional clients, attempting to fill a gap left by setbacks from Genesis and BlockFi. With $57 million already contributed through Coinbase’s Prime Service, this program allows institutions to lend digital assets under standardized terms for a Regulation D exemption. The loan system sees collateral exceeding loan value in return, aiming to facilitate economic freedom and trust in the crypto world.

Coinbase has introduced a new crypto lending service aimed at institutional clients in the U.S, in a move to replace fallen players such as Genesis and BlockFi. The service allows clients to lend money in crypto assets with more collateral than the loan amount, adjusted daily. This initiative has already raised over $57 million. Unlike similarly failed services, the focus here is strictly on institutions, which provides a safety net against previous issues. However, critics express concerns about its potential to expose institutions to extra risks due to crypto volatility.

“While Congress actively drafts cryptocurrency regulations, the SEC persists on its own path, complicating the regulatory landscape. This raises questions regarding the SEC’s authority over digital assets. Recent losses to Ripple and Grayscale intensify the need for regulatory clarity, underlining the SEC’s inconsistencies in classifying cryptocurrencies.”

U.S. crypto giant, Coinbase, negotiates with top-tier Canadian banks to bring crypto banking mainstream in Canada, amidst regulatory ambiguity back home. The company’s director, Lucas Matheson, praises Canada’s ‘engagement-focused regulation’ allowing companies like Coinbase to explore and grow whilst staying within regulatory norms.

“Coinbase, the largest US crypto exchange, revised its debt buyback program, raising its offer after tendering just $50 million of the targeted $150 million in bonds. Despite the regulatory scrutiny and potential revenue downturn, Coinbase’s stock has impressively increased by 156%.”

“Coinbase recently received approval to offer crypto futures trading, signaling a testament to the durability of the cryptocurrency sector in the US. JMP Securities sees it as a step towards more regulatory clarity and a significant growth opportunity for Coinbase.”

Coinbase, a major cryptocurrency exchange, announces the suspension of trading for three popular stablecoins in Canada starting from August 31. Despite the trading halt, the wallets will still be functional for deposits and withdrawals. However, Canada’s stern stance towards crypto service providers and stringent regulations have led to many crypto exchanges, including Binance and OKEx, pulling out from the Canadian market.

The U.S. Commodity Futures Trading Commission (CFTC) has granted Coinbase unprecedented authority to handle bitcoin and ether futures, marking it as the first crypto company to receive registration as a futures commission merchant. This significant development indicates robust systems for capital, disclosures, record-keeping, and customer fund segregation, and it might influence how ether and similar commodities navigate the U.S. regulatory regime. However, concerns arise about potential market manipulation and the impact on other crypto-native companies.

Coinbase, a major cryptocurrency exchange, has secured approval from the National Futures Association to offer cryptocurrency futures trading in the United States. This will allow Coinbase to launch futures contracts for Bitcoin and Ether, potentially making the U.S. a global leader in digital innovation. Despite facing legal disputes with the SEC, the company remains committed to contributing to the crypto industry.