The National Futures Association of the US CFTC has granted Coinbase Financial Markets, a futures commission merchant registered with the CFTC, approval to provide crypto futures trading to qualified consumers in the US. Despite a lawsuit by the US SEC, this is a huge win for Coinbase and the cryptocurrency
In order to better serve its Canadian customers, Coinbase has partnered with Peoples Trust Company to provide Interac e-Transfers. Coinbase wants to significantly increase its presence in Canada in light of the country’s crypto-friendly regulatory climate by providing free access to Coinbase One for 30 days, eliminating trading fees, increasing
In light of the current Onchain Summer initiative, Coinbase CEO Brian Armstrong has called attention to usability difficulties in the Coinbase app for NFTs, Dapps, and L2. Armstrong’s tweet acknowledged the platform’s flaws and called for better experiences for users. Over the course of many weeks, Onchain Summer celebrates Base-based
Coinbase’s recent launch of the Layer-2 platform Base has triggered a wave of digital innovation, with notable companies like Coca-Cola joining the trend. The American multinational behemoth has entered the non-fungible token (NFT) arena with its ‘Masterpiece’ collection on August 13. This eight-NFT collection features a blend of traditional masterpieces
U.S. Senator Cynthia Lummis filed an amicus brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit. This filing from the senator strengthens the exchange’s request to dismiss the SEC lawsuit. In the legal battle between Coinbase and the U.S. SEC, the crypto exchange requested that the
The number of daily active users on Coinbase’s layer 2 blockchain has surpassed 100,000 only one day after the network’s formal debut. On August 10, the day after its public debut, Dune Analytics recorded more than 136,000 daily users, the highest daily figure to date. Base has been available for
Coinbase, the leading US-based cryptocurrency exchange, has stridden in the crypto world by officially launching its decentralized blockchain, Base. It became the first publicly traded company to introduce its proprietary blockchain. The journey began earlier this year with the introduction of Base’s testnet in February, followed by a developer release
Coinbase CEO Brian Armstrong has allegedly gone back and forth on whether or not the company would relocate outside of the United States due to regulatory uncertainties. As reported by the Financial Times on August 4, Armstrong said that Coinbase will be “staying in the United States” despite several other
On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped. The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities
Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than
