Tag: Coinbase

Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project

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The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets. Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met. “Coinbase will add support for MultiversX (Previously Elrond) (EGLD) on the MultiversX network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase & CoinbaseExch in the regions where…

Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year

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The CEO of Coinbase, Brian Armstrong, has revealed that the exchange’s trading revenue has declined by approximately 50% or more when compared to last year, according to a Dec. 7 report from Bloomberg. Armstrong made the statement as part of an interview with the David Rubenstein Show. When asked about the exchange’s revenue, he stated that the company did $7 billion in revenue and $4 billion in earnings in 2021, but “it’s looking, you know, about roughly half that or less” in 2022. Bloomberg said that a spokesperson for Coinbase…

Coinbase CEO Armstrong Confirms Street Expectations for a 50%-Plus Decline in Revenue in 2022

“Last year in 2021 we did about $7 billion of revenue and about $4 billion of positive EBITDA, and this year with everything coming down it’s looking, you know, about roughly half that or less,” Armstrong said in an interview on Bloomberg’s “David Rubenstein Show: Peer-to-Peer Conversations.” Coinbase actually generated $7.8 billion in revenue in 2022, according to FactSet. Source

Crypto Exchange Coinbase Adds Support for Two Low-Cap Ethereum Altcoins, Sparking Rallies

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Top US crypto exchange Coinbase has given support for two Ethereum (ETH)-based altcoin projects as markets continue to consolidate. In an announcement via Twitter, Coinbase says it will be adding support for Aragon (ANT) and Rocket Pool (RPL) on the Ethereum network on December 8th when sufficient liquidity levels are achieved. With a market cap of $91 million, Aragon aims to be a framework for building decentralized autonomous organizations (DAOs), allowing users to easily construct DAOs on the Ethereum blockchain. Its native token ANT allows users to vote on proposals.…

Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’ – Featured Bitcoin News

The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, has slammed former FTX CEO Sam Bankman-Fried (SBF) for claiming that FTX is missing $8 billion due to an “accounting error.” He stressed: “It’s stolen customer money used in his hedge fund, plain and simple.” Brian Armstrong on SBF’s ‘Accounting Error’ Claim The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN), Brian Armstrong, has slammed FTX co-founder Sam Bankman-Fried (SBF) for blaming his collapsed exchange’s $8 billion hole on an “accounting error.” Bankman-Fried was asked in an interview…

Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet – Wallets Bitcoin News

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According to Transak, users of the Coinbase self-custody wallet in South East Asia can now use its Web3 onboarding platform “as a fiat on-ramp to buy crypto.” Transak’s integration with the Coinbase wallet is coming at a time when more users are becoming “aware of the importance of keeping their assets safe, secure, and in their control.” Overcoming Barriers to Non-Custodial Wallets Transak, a Web3 onboarding infrastructure provider, recently said that users of the Coinbase wallet can now use its platform “as a fiat on-ramp to buy crypto.” According to…

Top US Crypto Exchange Coinbase Adds Three More Under-the-Radar Altcoins to Its Listing Roadmap

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Top US-based crypto exchange platform Coinbase is adding three additional under-the-radar altcoins to its listing roadmap. Coinbase announces that Magic (MAGIC), Rocket Pool (RPL) and Aragon (ANT) are now on its roadmap. MAGIC is the token used to operate Treasure, a decentralized video game console. The 235th-ranked crypto asset by market cap is trading at $0.449 at time of writing and has surged more than 15% in the past 24 hours. Aragon is a decentralized governance platform on the Ethereum (ETH) blockchain. ANT is valued at $1.94 at time of…

Top US Crypto Exchange Coinbase Adds Three More Under-the-Radar Altcoins to Its Listing Roadmap

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Top US-based crypto exchange platform Coinbase is adding three additional under-the-radar altcoins to its listing roadmap. Coinbase announces that Magic (MAGIC), Rocket Pool (RPL) and Aragon (ANT) are now on its roadmap. MAGIC is the token used to operate Treasure, a decentralized video game console. The 235th-ranked crypto asset by market cap is trading at $0.449 at time of writing and has surged more than 15% in the past 24 hours. Aragon is a decentralized governance platform on the Ethereum (ETH) blockchain. ANT is valued at $1.94 at time of…

Coinbase claims Apple blocked wallet app release over gas fees

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The self-custody crypto wallet from Coinbase said users can no longer send nonfungible tokens, or NFTs, due to interference from Apple. In a Dec. 1 Twitter thread, Coinbase Wallet said the tech company with a more than $2 trillion market capitalization had blocked the latest release of its app in an effort to “collect 30% of the gas fee” through in-app purchases. The platform claimed Apple wanted Coinbase Wallet to disable NFT transactions, introducing “new policies to protect their profits at the expense of consumer investment in NFTs and developer…

Coinbase Disables Mobile NFT Trading, Citing Apple’s App Store Policies

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