Tag: Coinbase

Coinbase Gets Flipped by Bybit As World’s Second Largest Crypto Exchange, According to Analytics Firm Kaiko

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Crypto exchange Coinbase has been surpassed in volume by Bybit since October, according to analytics firm Kaiko. In a new report, Kaiko says that the launch of Bitcoin (BTC) exchange-traded funds (ETFs) in the US has helped Bybit more than others in its push for market dominance. “The launch of spot Bitcoin ETFs in the US has significantly boosted global crypto trading volumes. However, not all exchanges have benefited equally from the rally that started in October. One exchange has by far made the most gains: Bybit. Since October, the…

Crypto Exchange Coinbase Announces Support for Altcoin That Pulled Off 900% Rally This Year

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Top US crypto exchange Coinbase is adding support for an altcoin project that saw massive gains earlier this year. In an announcement via the social media platform X, Coinbase says it’s adding Core (CORE) to its trading platform. “Core is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” According to the project, Core is designed to be a hyper-scalable complimentary smart contract platform to Bitcoin. Core’s ecosystem includes a Satoshi Plus…

Coinbase, Binance and Other Top Exchanges Roll Out Trading Support for Brand-New ‘Omnichain’ Altcoin

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Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for a brand new altcoin native to an “omnichain” project. LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” On Thursday, the project launched its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label. Both designations alert users to lower liquidity…

Novogratz’s Galaxy Digital set to overtake Coinbase as largest Solana validator

Galaxy Digital, the digital bank founded by Michael Novogratz, is poised to become the largest validator in the Solana network. Galaxy Digital, a global crypto-focused financial services firm founded by Bitcoin bull Michael Novogratz, is set to surpass Coinbase as the largest validator in the Solana network, marking a significant milestone in the competitive world of blockchain validation. Galaxy just got 3M in SOL staked to them — meaning they will become the new #1 validator on Solana in ~16hours, overtaking Coinbase almost certainly due to the FTX estate sale…

Coinbase International Adds Support for Trading Pre-Launch Tokens

Coinbase International has announced its support for pre-launch markets, a platform that allows traders to trade perpetual futures contracts for tokens that are yet to launch. This feature offers traders the opportunity to participate in price discovery of upcoming projects within a secure environment. Pre-launch markets also carry unique considerations and elevated risks, including lower […] Source CryptoX Portal

56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […] Source CryptoX Portal

Top US Crypto Exchange Coinbase Rolls Out Support for New Native Token of Pirate-Themed RPG Built on Ethereum

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Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built on the blockchain. The top US crypto exchange’s customers can now trade PIRATE, a utility and staking token for the game Pirate Nation. The Ethereum (ETH)-based token first went live on Wednesday and is up nearly 90% in its first 24 hours. Coinbase added support for the asset under its “Experimental Label,” a designation the exchange established for riskier, lower liquidity tokens. The Cayman Islands-based exchange Gate.io and the Philippines-based exchange Coins.ph also rolled…

Ethereum Withdrawals From Coinbase Top $1.2 Billion, What’s Going On?

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Ethereum has seen a number of notable withdrawals that suggests that crypto whales are expecting a recovery in price. These large withdrawals has caused the ETH balances on centralized exchanges to fall to their lowest level since 2016. 336,000 ETH Withdrawn From Exchanges Crypto analyst Ash Crypto took to X (formerly Twitter) to reveal a notable change in the amount of ETH that is being held on centralized exchanges currently. Notably, there has been a marked increase in the withdrawals of small and large investors alike, leading to the highest…