Tag: Coinbase

Coinbase enters Canada, Shibarium faces post-launch hurdles, adoption maintains momentum

This week, Coinbase expanded. Shiba Inu’s Shibarium had a rough debut, while crypto adoption maintained momentum, with the Fed and Coca-Cola grabbing headlines. Meanwhile, the crypto market saw significant liquidations. Coinbase extends services to Canadians Coinbase warmly embraced its northern neighbors, throwing open its doors to the citizens of Canada. Starting on Aug. 14, the San Francisco-based exchange extended its services to Canadians. The decision came with an innovation: a partnership with People’s Trust Company to integrate Interac e-Transfers. This strategic move is poised to optimize transaction efficiency for users…

Crypto Exchange Coinbase (COIN) Will Suspend Trading with Tether’s USDT, MakerDAO’s DAI and RAI Stablecoins in Canada

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Coinbase futures approval seen as a major win amid the war on crypto

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The approval for America’s largest digital asset exchange, Coinbase, to offer crypto futures to U.S. retail customers is being seen as a major regulatory victory amid a heated battle with the country’s securities regulator. On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association — granted Coinbase permission to operate a Futures Commission Merchant (FCM) platform. A loud signal Some crypto industry commentators see the approval as a significant regulatory victory for Coinbase and crypto, given the U.S. Securities and Exchange…

Canadians are moving past crypto speculative trading: Coinbase country head

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Canadians are starting to look at digital assets as more than just speculative investments, seeing them instead as legitimate assets for everyday transactions, according to Coinbase’s country director for Canada. Speaking to Cointelegraph in Toronto on Aug. 16, Coinbase’s Canada director Lucas Matheson said he believes that more utility and use cases in daily life will soon be digital asset-backed, something that “everyone in our industry is excited for.” “In Canada, we’re ready to move beyond the confines of thinking about digital assets as a speculative retail investment. This is…

Coinbase gets approval to offer crypto futures in US

Crypto exchange Coinbase has received the green light from the National Futures Association (NFA) to offer crypto futures to eligible customers in the US.  The company’s subsidiary, Coinbase Financial Markets Inc., will operate as a futures commission merchant (FCM) and offer access to crypto futures from its platforms.  The approval, described as a “critical milestone” by Greg Tusar, Coinbase’s vice president of institutional product, allows the exchange to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures for verified customers. Tusar also emphasized that the global crypto…

SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported

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Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull.  PeckShield reported in a post on X (former Twitter) on Aug. 16 that SwirlLend transferred around $289,500 worth of cryptocurrency from Base. It later transferred 94 Ether (ETH) from Linea as well, bridging the crypto to Ethereum. It then created a new token…

Coinbase (COIN) Secures NFA Approval to Offer Crypto Futures

Sei Labs, the company behind layer 1 blockchain Sei, has announced that its mainnet is now live after a successful testnet phase. The blockchain’s native token SEI also went live today on exchanges such as Binance, Kraken and Huobi, among others. The focus for Sei is to create a chain that offers users the ability to exchange assets easily, said the Sei Labs team. Whether this means assets for social platforms, games or NFT’s, Sei is hoping to offer the smoothest experience. SEI was trading at around $0.27 at the…

Coinbase political initiative features US lawmaker who admitted to ethics violations

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United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations. As of Aug. 15, more than 54,000 individuals had signed on to Coinbase’s “Stand with Crypto Alliance” in an effort to engage with U.S. lawmakers at the federal level. The initiative allows users to view the “crypto sentiment” of members of the U.S. Senate and House of Representatives. List of elected representatives. Source: standwithcrypto.org At the time of publication, the initiative’s landing…