Coinbase

Coinbase posts surprise loss on crypto trading slowdown

Its transaction revenue fell to US$982.7 million in Q4, from US$1.56 billion a year earlier

Armstrong’s wealth has fallen by more than US$10 billion since peaking seven months ago at US$17.7 billion, according to the Bloomberg Billionaires Index.

Coinbase CEO falls from list of world’s richest as crypto slides

Bitcoin is also down by about half since early October

The bill prohibits crypto companies from paying interest to consumers solely for holding a stablecoin.

US Senate Banking delays crypto bill after Coinbase CEO opposition

The legislation seeks to define when crypto tokens are securities, commodities or otherwise

Coinbase has applied for a national trust charter, which could eventually allow it to offer such rewards under those rules.

Coinbase raises pressure as crypto bill moves to Senate markup

The banking industry has decried the idea of exchanges paying stablecoin rewards

A portion of Coinbase’s subscription and services revenue is derived from stablecoin holdings and related platform activities.

Crypto exchange Coinbase beats analysts’ estimates as trading volumes surge

Cryptocurrency exchanges often benefit from volatility in the sector as they earn more through transactions with investors seeking to hedge their portfolios

The partnership will initially focus on enabling users to deposit and withdraw traditional currencies (commonly referred to as “fiat” in crypto) through Coinbase’s services.

Citigroup to tie up with Coinbase to boost digital payments for institutional clients

Dealmaking within the digital assets industry has picked up pace this year

Coinbase itself registered with India’s Financial Intelligence Unit in March, paving the way for the company to offer services in the country.

Coinbase backs India’s CoinDCX at US$2.45 billion valuation

Global crypto players are attempting to expand in India despite a punitive tax regime that has curtailed trading volumes

Coinbase and StraitsX say access to XSGD through the exchange in Singapore will provide local entrepreneurs with greater access to the global financial system.

Singapore dollar-backed XSGD stablecoin to launch on Coinbase on Sep 30

Users of the crypto exchange will get access to XSGD through its partnership with issuer StraitsX

The partnership announcement comes as US President Donald Trump and his administration have embraced cryptocurrencies and enacted industry-friendly policies.

PNC taps Coinbase to create crypto trading offering for bank customers

The banking industry has fiercely resisted accusations that it denies services based on ideological reasons