Tag: Coinbase

Coinbase crypto exchange obtains payment license in Singapore

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The United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore by securing major regulatory approval from the country’s central bank. Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, the firm announced on Oct. 1. The new license, coming one year after Coinbase’s initial in-principle approval in Singapore, enables the company to expand its digital payment token services to individuals and institutions in the country. According to MAS, MPI-licensed firms are authorized to conduct payment services without being subjected to transaction limits of…

Coinbase Listing Crypto Perpetuals May Fill the Gap Left by FTX Implosion

“Regarding Coinbase, I do think that it’s well positioned to capture significant market share,” Carey said. “Given Binance’s recent troubles it stands to reason that larger traders and institutions may be skittish to hold significant funds on the exchange. On the other hand, Coinbase is one of the most trusted exchanges, which sets them up nicely.” Original Source CoinbaseCryptoFillFTXGapImplosionLeftListingPerpetuals CryptoX Portal

Coinbase Secures License to List Crypto Perpetual Futures for Retail Users

By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase to provide perpetual futures trading services to retail customers outside of the United States. This is a clear indication of Coinbase’s willingness to expand its footprint in the international market. Earlier this year in May…

Coinbase launches perpetual futures trading to non-US retailers

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders…

Bitcoin, XRP Price Receive Boost After Coinbase Announcement

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The Bitcoin and XRP price are showing some green on low-timeframes as certain narratives around the crypto space gain momentum. The cryptocurrencies stayed about two critical levels and could be poised to extend the trend in the coming days. As of this writing, the XRP price trades at $0.50 with a 1% profit in the last 24 hours. In the meantime, Bitcoin recorded a 2.4% profit over a similar period, but the number one cryptocurrency by market cap could underperform XRP and other altcoins. XRP’s price trades to the upside…

Coinbase campaign for sensible crypto policies hits coffee cans to ‘wake up’ regulators

The Coinbase “Stand with Crypto” campaign has reached coffee cans as the exchange and industry stakeholders marched to Washington D.C. to convince the country’s lawmakers to provide regulatory certainty to crypto.  Coinbase handing out cold brew on Cap Hill pic.twitter.com/4vXWXB7zRJ — Eli Tan (@elitanjourno) September 27, 2023 On Sept. 27, Coinbase CEO Brian Armstrong and crypto entrepreneurs based in the United States went to Washington D.C. to persuade lawmakers to support a new set of rules for digital currencies.  These rules were approved by the Republican-led House Financial Services Committee…

Coinbase campaign for sensible crypto policies hits coffee cans to ‘wake up’ regulators

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The Coinbase “Stand with Crypto” campaign has reached coffee cans as the exchange and industry stakeholders convened in Washington, D.C.  Coinbase handing out cold brew on Cap Hill pic.twitter.com/4vXWXB7zRJ — Eli Tan (@elitanjourno) September 27, 2023 On Sept. 27, Coinbase CEO Brian Armstrong and crypto entrepreneurs based in the United States went to Washington D.C. to persuade lawmakers to support a new set of rules for digital currencies.  These rules were approved by the Republican-led House Financial Services Committee and House Committee on Agriculture earlier in summer 2023. If the…

Coinbase International launches perpetual futures trading for retail customers

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Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform will begin to offer eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform in the coming weeks. The exchange notified that the Perpetual Futures accounts are maintained by Coinbase Bermuda Limited regulated…

‘Massive’ crypto use cases to surface by 2030 — Coinbase exec

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Coinbase launched Base, its new blockchain, in late July, and it has already become a major player among Ethereum-based layer-2 chains.  On Sept. 21, for instance, the chain notched some 677,000 transactions, with 870,163 “new addresses seen,” according to Etherscan. By comparison, Arbitrum, a prominent layer 2 that launched in June 2021, had 925,000 transactions and 54,233 new addresses on the same day. Base is now hosting hundreds of decentralized projects, Jesse Pollak, head of protocols at Coinbase, told Cointelegraph at Messari’s Mainnet conference in New York City on Wednesday, Sept.…