Coinbase

Subscriptions-related income faces pressure in the current economic uncertainty, as risk-averse investors cut back on discretionary crypto exposure.

Coinbase logs second straight quarterly loss as crypto trading momentum fades

Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows

For investors, job cuts can add an immediate jolt to a stock.

Global Enterprise

Embrace AI or get left behind: Job cuts sweep through crypto firms

Bitcoin is down about one-third since hitting a peak in October

Around 700 employees will be affected by the changes, with cuts expected to happen mostly in the second quarter, Coinbase said in a filing.

Banking & Finance

Coinbase to cut 14% of workforce, citing volatile markets and AI

The layoffs is the latest in a string of workforce reductions across the crypto and payments sectors

Coinbase reported a loss of US$666.7 million, or US$2.49 per share, for the three months ended Dec 31.

Banking & Finance

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.

International

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.

Crypto & Alternative Assets

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.

Crypto & Alternative Assets

Coinbase raises pressure as crypto bill moves to Senate markup

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

Coinbase's stock is down about 1.66 per cent for the year, while the broader crypto market has been in a sell-off since October.

Banking & Finance

Coinbase announces entry into prediction markets, stocks

The company aims to become ‘an everyday app’

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

Banking & Finance

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.

Banking & Finance

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

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