Tag: Coinbase

  • Coinbase’s 2023 Revenue Surpasses $3.1 Billion, Q4 Contributes One-Third of Total

    Coinbase, one of the major cryptocurrency exchanges in the United States, recently released its financial report for the fourth quarter and full year of 2023. The report revealed impressive figures, highlighting the exchange’s strong performance and financial health. In the fourth quarter of 2023 alone, Coinbase reported a net income of $273 million, demonstrating a…

  • Collaboration between Ledger and Coinbase enables direct purchase of cryptocurrencies for cold storage

    Leading self-custody wallet provider, Ledger, has recently announced a collaboration with Coinbase, a well-known cryptocurrency exchange platform. The aim of this partnership is to improve accessibility for self-custody users who wish to purchase cryptocurrencies. The integration of Coinbase Pay into Ledger Live is set to simplify the crypto purchasing process and broaden access for new…

  • Coinbase Resumes Access to Debt Box Assets amidst SEC Controversy

    Coinbase recently made the decision to unfreeze the assets of Debt Box following a discovery of discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. The move comes after Paul Grewal, Coinbase’s chief legal officer, exposed the flawed actions of the SEC in a social media post on February…

  • Coinbase Chief Legal Officer criticizes SEC’s minimalistic response in rulemaking petition lawsuit

    Coinbase’s Chief Legal Officer (CLO), Paul Grewal, recently criticized the U.S. Securities and Exchange Commission (SEC) for its minimalistic legal filing on January 30. In a post on the platform X, Grewal expressed his disappointment with the SEC’s response to Coinbase’s petition for digital asset rules. He shared the administrative record of the SEC’s decision,…

  • Coinbase Assures Extensive Preparation for Spot Bitcoin ETF in Custodial Arm

    Coinbase Custody Ensures Preparedness for Spot Bitcoin ETFs In anticipation of the impending approval of spot Bitcoin Exchange-Traded Funds (ETFs), Coinbase Custody has reportedly made significant adjustments. According to Bloomberg’s report on December 29th, a Coinbase representative stated that the company has extensively prepared for ETF approval by reinforcing its systems to handle the anticipated…

  • France grants Coinbase virtual asset service provider status

    Coinbase, one of the leading cryptocurrency exchanges, has recently announced its registration to provide cryptocurrency services in France. This development comes after the company received virtual asset service provider (VASP) approval from France’s Autorité des marchés financiers (AMF), granting it permission to operate within the country. This move by Coinbase highlights the growing acceptance and…

  • Bitcoin stagnates while crypto stocks surge

    Crypto Stocks Show Resilience as Bitcoin Stalls In a surprising turn of events, major crypto-focused companies outperformed Bitcoin during Asian trading hours at the beginning of the week. Despite Bitcoin’s lackluster performance, shares of these crypto companies managed to rally, indicating resilience in the market. Notably, Coinbase, the largest US-based exchange, saw its stock (COIN)…

  • Coinbase Prepares for New Lawsuit as Two SEC Commissioners Dissent Following Denial of Petition

    Coinbase, one of the leading cryptocurrency exchanges, is reportedly preparing to take legal action against the U.S. Securities and Exchange Commission (SEC) over allegations that the regulatory body has evaded its responsibilities. This move comes in response to the SEC’s refusal to grant Coinbase’s request for the establishment of specific regulatory rules for cryptocurrency transactions,…

  • SEC rejects Coinbase’s request for updated regulations on cryptocurrency assets

    On December 15, the U.S. Securities and Exchange Commission (SEC) made an important decision regarding the cryptocurrency exchange Coinbase’s request for the development of new rules for digital asset securities. In a response letter to Coinbase, the SEC stated that it deemed the requested rulemaking to be currently unwarranted and subsequently denied the petition. Coinbase’s…

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