The Cathie Wood-led investment firm sold 397,924 COIN shares from ARK Innovation ETF (ARKK), 45,433 shares from ARK Next Generation Internet ETF (ARKW), and 55,792 shares from ARK Fintech Innovation ETF (ARKF), bringing the total number of shares sold to 499,149. Source
Coinbase Custody reportedly now holds over 90% of all Bitcoin ETFs in the United States. This development was revealed by the crypto exchange’s CEO, Brian Armstrong, while appraising the company’s performance in the fourth quarter (Q4) of 2023. Coinbase Emerges As Major Player In Bitcoin ETF Market In an X post on February 16, Brian Armstrong shared specific highlights of Coinbase’s achievement in Q4 2023. In particular, He noted that the American crypto exchange has played a crucial part in facilitating the adoption of cryptocurrencies by traditional financial firms (TradFi).…
Coinbase and Circle executives have called on the U.S. authorities to intensify actions against Tether and offshore crypto firms that fail to comply with regulations. During a session with the House Financial Services Committee, Grant Rabenn, the head of Financial Crimes Legal at Coinbase, discussed the issue of criminals exploiting foreign platforms to bypass the strict anti-money laundering (AML) standards applied to regulated exchanges within the United States. Rabenn mentioned that the Office of Foreign Assets Control (OFAC) has only sanctioned 560 crypto addresses. However, Coinbase investigation found more than…
On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above $52 billion. Coinbase Outshines […] Original
Coinbase is donating $3.6 million to the Bitcoin-focused nonprofit Brink, concluding its GiveCrypto initiative to distribute crypto to impoverished people. The company terminated GiveCrypto in December, citing its failure to achieve a lasting impact. While stating its intention to divide the remaining assets between Brink and the charity platform GiveDirectly, specific allocations were initially undisclosed. Established in 2020, Brink’s mission is to enhance the Bitcoin (BTC) protocol through research, development, and support for the Bitcoin developer community. It offers a fellowship to integrate new software engineers into Bitcoin development and…
The foremost crypto exchange in the United States, Coinbase, released its earnings report on February 15th. As expected, there were major takeaways from the financial report, highlighting the crypto company’s performance in the fourth quarter of last year. Coinbase’s Trading Volume Exceeds Expectations Coinbase maximalist Coinbase Duck noted in an X (formerly Twitter) post how the crypto exchange defied expectations in the fourth quarter of 2023. Coinbase recorded $170.6 billion in spot trading volume, exceeding the estimated $168. Specifically, a considerable influx of retail investors accounted for 18% of the…
The recent Bitcoin rally, propelling its price to the $52,000 level, has positively impacted the stock of US-based cryptocurrency exchange Coinbase (COIN). After experiencing a notable dip to $115 at the start of February, Coinbase’s stock rose to $172 on Thursday, following a significant upgrade by a JPMorgan analyst. Improved Prospects For Coinbase Amid Crypto Rally According to a Bloomberg report, JPMorgan analyst Kenneth Worthington abandoned his bearish view on Coinbase weeks after downgrading the stock. As Bitcoin traded higher, Coinbase shares gained as much as 7.8% following the upgrade.…
“The ETFs are really a win-win for Coinbase, I think we’re already starting to see that play out on the platform,” Gupta said. The crypto exchange provides custodial services to 8 out of the ten spot bitcoin ETFs, making it a key player in the business. Source CryptoX Portal
“The ETFs are really a win-win for Coinbase, I think we’re already starting to see that play out on the platform,” Gupta said. The crypto exchange provides custodial services to 8 out of the ten spot bitcoin ETFs, making it a key player in the business. Source
The so-called “Coinbase Premium Index” – which measures the price difference for bitcoin on Coinbase compared to Binance, the leading exchange by trading volume – rose to 0.12 Thursday, its highest reading since May 2023, according to data from analytics firm CryptoQuant. “High premium values could indicate US investors’ strong buying pressure in Coinbase,” CryptoQuant said. Source