Tag: Coinbase

Mastercard and Coinbase Partner to Make NFTs More Accessible to Everyone – Featured Bitcoin News

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Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace. Mastercard Partners With Coinbase Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier for everyone to buy NFTs,” elaborating: We’re excited to announce today that we’re partnering with Coinbase to let people use their Mastercard cards to make purchases on Coinbase’s upcoming NFT marketplace. “Getting more people involved…

Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase

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Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of.  One project focused on expanding the functionality of NFTs beyond the digital art space is Propy, a protocol focused on the integration of blockchain technology with the real estate sector by automating the closing process of home buying to make the entire process faster, simpler and…

Low-Cap Altcoin Soars 372% in One Week After Earning Surprise Support From Crypto Exchange Coinbase

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A low-cap altcoin has skyrocketed by more than 372% in the past seven days after receiving full trading support from Coinbase this week. PolySwarm (NCT) is a threat detection and anti-malware project that was listed by Coinbase Pro on Wednesday, alongside altcoins Inverse Finance (INV), Liquity (LQTY), Propy (PRO). All four crypto assets then received listings across the exchange’s full retail platform the following day. PolySwarm uses its native token, NCT, to reward users who assist in the collection of cybersecurity data and insights. The 344th-ranked crypto asset by market…

Coinbase Acquires Futures Exchange Amid Plans To Offer Crypto Derivatives to US Customers

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Crypto exchange giant Coinbase is announcing a new acquisition that will allow it to expand its product range into crypto derivatives. Coinbase says it has acquired FairX, a futures exchange that is regulated by the U.S. Commodity Futures Trading Commission. The cryptocurrency exchange says it will initially offer crypto derivatives to US customers through the new acquisition before offering them on its main Coinbase platform. “Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Over time, we plan to leverage FairX’s…

Coinbase Chief Of Product Predicts Major Advances For Ethereum In 2022

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Ethereum is one of the prominent blockchains in the crypto industry that established smart contract technology. This helped consolidate decentralized finance and checkmate third-party interference in cryptocurrency transactions. But in the past, its main challenge and setback were linked to scalability and speed in executing transactions. As the months and years roll by, Ethereum is making tremendous progress in tackling scalability issues. This led to the rolling out of the layer-two version of the blockchain. Related article | Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take…

Coinbase Acquires Fairx Exchange to Make Derivatives Market Approachable for Millions of Retail Customers – Exchanges Bitcoin News

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Nasdaq-listed cryptocurrency exchange Coinbase has acquired a regulated derivatives trading platform. Coinbase plans to make the derivatives market more approachable to millions of its retail customers. Coinbase Plans to Offer Crypto Derivatives to All US Customers Nasdaq-listed crypto exchange operator Coinbase announced Wednesday that it has acquired Fairx, a regulated derivatives trading platform. Fairx is regulated by the Commodity Futures Trading Commission (CFTC) as a derivatives exchange or Designated Contract Market (DCM). “Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through Fairx’s existing partner ecosystem,”…

Coinbase Tries to Catch Up to Foreign-Based Rivals With Move Into Derivatives

Derivatives marketplace CME Group could end up being a competitor in the U.S. for Coinbase’s crypto derivatives business, according to Owen Lau, a research analyst at Oppenheimer. CME told Oppenheimer on an earnings call that it has an edge in bitcoin derivatives given its offerings across many asset classes, its risk management experience and its highly regulated platform. Still, Coinbase’s customer base can help the exchange “draw trading volume and create [a] deep liquidity pool,” noted Lau, who has an outperform rating on Coinbase’s stock. Source

Cardano Jumps 7% After Coinbase Fixes Withdrawal Bug

Cardano (ADA) followed many layer 1 tokens and posted gains during the Asian trading hours on Thursday. Cardano rose 7% soon after Coinbase restarted withdrawals on Wednesday. Traders started facing withdrawal issues last week. Sentiments in Asia were further buoyed after Hong Kong’s central bank, Hong Kong Monetary Authority (HKMA), seemed to provide an open ear to crypto stakeholders in a new discussion paper. Cardano was trading at $1.30 by mid-day Hong Kong time, up 6% in the past 24 hours, according to CoinGecko. Other layer 1 tokens, such as…

Derivatives are coming to Coinbase, following purchase of FairX

Major U.S. crypto exchange Coinbase, the third largest in the world by 24 hour volume, intends to enter the derivatives trading markets, having acquired the FairX derivatives exchange. FairX is a Designated Contract Market (DCM) derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Despite being relatively new to the market, having launched in May 2021, FairX has secured brokerage partnerships with industry leaders TD Ameritrade and E*Trade, along with 18 others. Derivatives trading refers to the trading of various exotic products linked to the future value of  underlying…

Coinbase Buys FairX to Launch Crypto Derivatives

FairX is a relatively young futures platform, which launched its exchange in May 2021 after receiving regulatory approvals in late 2020. However, FairX has relationships with major brokerages including TD Ameritrade, E*Trade, ABN AMRO, Wedbush, Virtu Financial and a handful of others, which offered FairX’s futures products or provided clearing services, according to the company’s announcement at the time. Source