On Wednesday, Cathie Wood’s ARK Invest made a second strategic move in the market, capitalizing on the crypto and fintech sectors. ARK sold 38,668 shares of Coinbase (COIN) from its Ark Fintech Innovation ETF (ARKF), amounting to $5 million. This decision followed the earlier sale of 43,956 COIN shares on
ARK Invest led by Cathie Wood is once again cashing in on its Coinbase shares as the stock price of the exchange increases. ARK’s transaction filing dated November 27th shows that the company sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF. Based on statistics from MarketWatch, the transaction
Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM) have all been added to the list of upcoming assets that Coinbase International Exchange, a subsidiary of Coinbase Global Inc. aimed at non-US customers, will be offering as Perpetual Future Contracts. The exchange has announced that it would offer trading pairs
Coinbase stock price has hit a new all-time high for the year, surpassing levels not seen since May of 2022. According to MarketWatch, Coinbase increased significantly, from $77 at the beginning of the month to $116.93. It has reached its highest price since the middle of 2022. Compared to 2021,
The National Pension Service (NPS) of South Korea, the third biggest pension fund in the world, has put $19.9 million into Coinbase. For a pension fund that oversees over $755 billion, this transaction represents a substantial venture into the crypto sector. With this purchase, NPS takes its first tentative steps
Coinbase, a prominent cryptocurrency exchange, has been blocked in the Republic of Kazakhstan, according to the Ministry of Culture and Information. According to a report in the country’s domestic media, this comes as the Kazakh government adopts a harsh regulatory posture against the cryptocurrency industry, citing the sector’s infringement of
The U.S Supreme Court has agreed to hear an appeal in a case between Coinbase and its customers, with the primary issue before the court being whether a judge or an arbitrator should determine whose contract controls disputes. Bloomberg claims that the parties’ competing contracts—one of which favors arbitration, and
Ongoing legal battles involving Ripple and Coinbase may provide crucial clarity on whether cryptocurrencies should be deemed securities under the Howey test, according to crypto lawyer John Deaton. The outcomes could have profound impacts on SEC regulation. Deaton argues that no case in the past 80 years has found a
Coinbase has informed its Indian customers that the deadline for withdrawing funds has been extended. Coinbase has decided to pull out of the nation due to regulatory pressure, prompting this action. The popular crypto exchange has banned new sign-ups and is urging customers to withdraw their assets before the deadline,
Coinbase International exchange has expanded its perpetual futures offerings to customers outside of the United States. This comes after the second quarter saw the platform’s notional volume reach over $5.5 billion. The vast majority of which came from institutional traders. According to a recent release, Coinbase International Exchange has been
