Tag: Coinbase

Bitcoin price and Coinbase volumes are showing a rare decoupling, Mizuho says

boss

It’s becoming clear that investor apathy in this year’s crypto market is starting to hurt Coinbase , according to Mizuho analysts. The crypto exchange’s trading volume historically has been influenced by moves in the price of bitcoin . But that trend has been falling apart since the beginning of the year, Mizuho managing director Dan Dolev said in a note Tuesday, calling it a “stark” and “likely unprecedented” bifurcation. Dolev highlighted that while bitcoin has risen from its fourth-quarter 2022 trough to an average of $28,500 in the third quarter…

Coinbase Prime Launches Innovative Web3 Wallet for Retail and Institutional Clients

The tool seamlessly integrates with Coinbase Prime accounts, simplifying access to Web3 features directly and eliminating the need for multiple app downloads, thereby enhancing the overall user experience. Coinbase has announced the launch of the Coinbase Prime Web3 Wallet to provide secure and useful services to its institutional and retail clients. The significance of launching a Web3 wallet cannot be overstated, as it plays a central role in providing an exceptional user experience within a decentralized digital landscape. The company wrote: “We are excited to announce the launch of the…

Coinbase (COIN) Exchange Still Inactive in India, While Wallet and Tech Hub Remains Active

“We stopped allowing new user sign-ups on our exchange product in India back in June of this year,” a Coinbase spokesperson told CoinDesk. “We maintain a robust tech hub in the country and offer live products, including our Coinbase Wallet. We are committed to India over the long term and continue to explore ways to strengthen our presence in this important market.” Source

Coinbase Clarifies Reports of Service Discontinuation in India

Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent out emails to certain customers in India, notifying them that all services would come to a halt after September 25. This notification was accompanied by a strong recommendation for users to withdraw any remaining funds from their Coinbase accounts.…

Is Coinbase Leaving India? The Crypto Exchange Stops New Signups

boss

Coinbase (Nasdaq: COIN) is limiting its services in India with supposed full or partial termination of its services. The exchange has already suspended new signups for Indian users, redirecting them to download Coinbase Wallet, a self-custody crypto wallet, Finance Magnates verified. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! A TechCrunch report today (Monday) revealed that Coinbase plans to cease all services for its Indian users. The exchange even sent emails to its customers…

Coinbase responds to reports suggesting it’s ceasing services in India

Coinbase has provided information that seemingly contrasts a media report suggesting that it would soon halt all operations for its Indian customers. According to a Sept. 11 report from TechCrunch, Coinbase India users were reportedly warned via email that all services would be discontinued by Sept. 25, and were urged to to remove any funds that remained on the exchange. However, it is understood that the notice was not aimed at all Indian customers and was instead aimed at those breaching the exchange’s standards.  “We are reaching out to inform…

Coinbase issues clarification after reports of it ceasing services in India

boss

Coinbase has issued a clarification after a circulating report suggested that it would soon halt all operations for its Indian customers. According to a Sept. 11 report from TechCrunch, Coinbase India users were reportedly warned via email that all services would be discontinued by Sept. 25, and were urged to to remove any funds that remained on the exchange. Coinbase said in an email that it would stop providing all trading services to users in India after September 25 and advised users to withdraw all funds in their accounts. Additionally,…

Coinbase increases USDC interest rate after SEC confirms stance on stablecoins

Coinbase has reportedly increased interest rates on USDC holdings to 5%, marking a notable improvement from the 4% rate introduced earlier in the year.  The San Francisco-based crypto exchange hiked the interest offered to holders of its USD Coin (USDC) to 5%, only months after effecting another increase that doubled the stablecoin’s annual percentage yield from 2% to 4%. JUST IN: Coinbase are increasing the interest rate for their stablecoin, USDC, to 5%. — Whale (@WhaleChart) September 10, 2023 Rewards for holding such coins are regulatory compliant. The increments have…

Coinbase prioritizes international expansion amid US litigation

Coinbase outlines a strategy for international growth, focusing on countries with clearer cryptocurrency regulations. Coinbase, a cryptocurrency exchange headquartered in the United States, has announced its intentions to concentrate its near-term operations in countries with more defined cryptocurrency regulations. In a blog post on Sept. 6, vice presidents Nana Murugesan and Tom Duff Gordon identified six key markets: the European Union, United Kingdom, Canada, Brazil, Singapore, and Australia. The post elaborated that these regions have been making strides in creating clearer rules around cryptocurrency, which makes them attractive for business…

Coinbase Advanced’s Moheeth Alvi sees pro traders as next wave of crypto users

boss

Moheeth Alvi, group product manager at Coinbase Advanced, joins Cointelegraph’s Hashing It Out podcast with host Elisha Owusu Akyaw for an in-depth discussion about pro traders in the cryptocurrency space.  The podcast starts by highlighting Coinbase’s eventful year so far, from new products to the launch of its layer-2 network Base and the “Onchain Summer” campaign that followed. Alvi says the team believes this is the best time to build, and the company is focused on figuring out how to bring the next billion users to crypto. He also explains…