Tag: Coinbase

Coinbase Applies For National Trust Company Charter

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Crypto exchange Coinbase has applied for a National Trust Company Charter with the Office of the Comptroller of the Currency (OCC), joining a growing number of US-based crypto companies pursuing the same license. “Coinbase is taking a significant step in expanding our business capabilities and regulatory oversight beyond the existing framework, paving the way for innovation and growth in building a modern financial system powered by digital assets,” Coinbase said in a statement on Friday. Coinbase pursues the license to “bridge the gap” with TradFi According to Coinbase, pursuing the…

Coinbase joins Ripple and Circle in bid to secure US banking license

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Key Takeaways Coinbase has applied for a National Trust Company Charter with the OCC. The application is focused on Coinbase Custody, but if granted, it would let Coinbase expand into payments and related financial services under federal oversight. Share this article Coinbase has applied for a National Trust Company Charter from the US Office of the Comptroller of the Currency (OCC), joining Ripple and Circle in pursuing federal oversight to expand their digital asset services. The company, which runs one of the world’s largest crypto exchanges, is regulated under a…

Samsung teams up with Coinbase to unlock crypto trading and staking for Galaxy device users

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Key Takeaways Samsung Wallet now allows Galaxy users in the US to access Coinbase One, enabling crypto trading, staking, and payments directly within the app. The feature is enabled through a new integration with Coinbase, a leading crypto exchange. Share this article Samsung is teaming up with Coinbase to integrate Coinbase One into Samsung Wallet, giving 75 million Galaxy users in the US access to fee-free trading, staking, and crypto payments. The partnership links Samsung Pay with Coinbase accounts in the US, enabling Galaxy users to make payments tied to…

Binance Follows Coinbase Offering Crypto-As-A-Service for Tradfi

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Crypto exchange Binance is launching its own crypto-as-a-service solution for licensed banks, brokerages and stock exchanges looking to offer crypto services to their clients. The “white-label solution” will enable these TradFi institutions to tap Binance’s spot and futures markets, liquidity pools, custody solutions, and compliance tools without needing to build their own infrastructure “from the ground up,” Binance said in a statement on Monday. “Institutions retain full control of the front end — their brand, client relationships, and user experience — while Binance powers the back end: supporting trading, liquidity,…

Coinbase to introduce Sui futures on derivatives platform on October 20

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Key Takeaways Coinbase will list Sui futures on its derivatives platform starting on October 20. Sui is a layer 1 blockchain focused on high-speed transactions and ecosystem growth. Share this article Coinbase will launch Sui futures on its derivatives platform on October 20, expanding trading options for the layer 1 blockchain’s native token. The CFTC-regulated exchange has been broadening its crypto derivatives offerings to enhance access for US investors. Coinbase Derivatives recently introduced perpetual-style futures for assets including Solana and XRP. Sui focuses on high-speed transactions and has upcoming token…

Brazil’s Nubank appoints former Coinbase director as crypto lead

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Key Takeaways Nubank, Brazil’s largest digital bank, named Michael Rihani, ex-Coinbase director, as Head of Crypto. Rihani oversaw non-trading products and helped launch nearly $1 billion in Bitcoin-backed loans at Coinbase. Share this article Brazil’s Nubank, a digital financial services platform with over 123 million customers, appointed Michael Rihani as Head of Crypto today. Rihani recently left his role at Coinbase, the US-based cryptocurrency exchange, where he led non-trading products. Rihani will report to Nubank’s executive director of crypto and digital assets, focusing on advancing the Nubank Crypto platform for…

CleanSpark expands capital strategy with $100M Bitcoin-backed credit from Coinbase Prime

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Key Takeaways CleanSpark has secured a $100 million credit line from Coinbase Prime, leveraging its Bitcoin assets as collateral. The new credit facility provides non-dilutive financing, allowing CleanSpark to raise capital without issuing new shares. Share this article CleanSpark, a US-based sustainable Bitcoin mining company, secured a $100 million credit facility from Coinbase Prime, an institutional-grade platform for advanced trading and custody services. The credit arrangement allows the mining company to leverage its Bitcoin holdings as collateral for non-dilutive financing, reflecting a broader trend among crypto companies accessing capital without…

Kevin Durant recovers lost Bitcoin after nearly 10 years on Coinbase

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Nearly 10 years after buying Bitcoin on Coinbase, NBA superstar Kevin Durant has regained access to his holdings thanks to a completed account recovery. The news was announced via an X post by Coinbase CEO Brian Armstrong on Thursday evening. “We got this fixed. Account recovery complete!,” Armstrong wrote. Source: Brian Armstrong Durant, a 15-time NBA All-Star who will suit up for the Houston Rockets this season, shared the story of his lost Bitcoin (BTC) on Tuesday at the annual Gameplan Summit in Santa Monica. Appearing alongside his agent, Rich…

Coinbase To Launch Futures Index Mixing Crypto, Tech Stocks

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Crypto exchange Coinbase is set to roll out a futures product tracking the top US tech stocks, crypto exchange-traded funds, and its own shares to offer exposure to equities and crypto in a single contract. Coinbase Derivatives said on Tuesday it’s launching the “Mag7 + Crypto Equity Index Futures” on Sept. 22, which will track the “Magnificent 7” tech stocks Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, BlackRock’s Bitcoin (BTC) and Ether (ETH) ETFs and Coinbase’s stock. “Historically, there has been no US-listed derivative that provides access to both…

Coinbase to launch traditional equities futures with first Mag7 and crypto equities index

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Key Takeaways Coinbase is launching traditional equities futures products starting with indices tracking the Magnificent Seven and crypto equities. This move marks Coinbase’s first entry into traditional equity derivatives, diversifying beyond its core crypto offerings. Share this article Coinbase is expanding its derivatives lineup with the launch of Mag7 + Crypto Equity Index Futures, marking its first entry into traditional equity derivatives. The contracts will debut on September 22 and provide combined exposure to both US tech giants and crypto-related equities. The index will track the Magnificent Seven stocks, Apple,…