Tag: Coinbase

Coinbase Business Makes Global Debut In Singapore

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Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled out the platform in Singapore as its first international market outside of the US, the company announced on Wednesday. Targeting startups and small businesses, Coinbase Business provides an “all-in-one crypto operating platform” that allows users to send and receive payments in Coinbase-backed stablecoin USDC (USDC), manage crypto assets and automate financial workflows. “By leveraging the speed and stability of…

Coinbase and BVNK Cancel $2 Billion Acquisition Deal

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Coinbase and stablecoin startup BVNK have reportedly parted ways on a $2 billion acquisition deal that would have been among the largest crypto company deals ever and would’ve significantly expanded Coinbase’s institutional stablecoin offering. Fortune reported on Tuesday that the decision was mutual, but it isn’t clear why the parties sought to cancel the deal. Coinbase and BVNK, which builds stablecoin infrastructure, had reached the due diligence stage of the deal after signing an exclusivity agreement in October. “After discussing a potential acquisition of BVNK, both parties mutually agreed to…

Coinbase cancels $2B acquisition of stablecoin startup BVNK

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Key Takeaways Coinbase has dropped its plan to buy BVNK, a stablecoin infrastructure startup, for $2 billion. The acquisition was aimed at strengthening Coinbase’s stablecoin payments capabilities. Share this article Coinbase, a US-based cryptocurrency exchange, has abandoned its planned $2 billion acquisition of BVNK, a London-based startup providing infrastructure for stablecoin operations, Fortune reported today. The exchange had been in late-stage negotiations to acquire BVNK as part of its strategy to advance stablecoin payments capabilities before deciding to abandon the deal. Mastercard has also engaged in advanced discussions to acquire…

Coinbase Debuts Token Sales Platform with Monad Launch

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Coinbase is launching a new platform for primary token offerings, giving retail investors in the United States access to regulated cryptocurrency initial sales for the first time since 2018. The exchange plans to host about one token sale per month on its new platform, starting with blockchain protocol Monad, which will launch its native token for sale Nov. 17–22. Token sales will run for one week, during which time users can submit purchase requests. After the window closes, an allocation algorithm will favor smaller buyers first, gradually filling larger orders…

BlackRock deposits 1,271 Bitcoin worth $135 million into Coinbase

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Key Takeaways BlackRock deposited 1,271 Bitcoin worth approximately $135 million into Coinbase. The transfer is part of BlackRock’s ongoing institutional cryptocurrency portfolio management. Share this article BlackRock, a major asset manager actively managing institutional cryptocurrency holdings through spot Bitcoin ETFs, deposited 1,271 Bitcoin worth nearly $135 million into Coinbase today. The transfer to Coinbase, a leading cryptocurrency exchange platform facilitating large-scale institutional deposits, comes amid broader market uncertainty. BlackRock has been executing repeated transfers of Bitcoin and Ethereum to Coinbase Prime as part of deliberate portfolio management strategies. These deposits…

Coinbase introduces platform for early digital token investments, Monad first to sell

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Key Takeaways Coinbase is launching a new platform that will let blockchain projects sell digital tokens directly via Coinbase’s infrastructure. Monad, a blockchain startup, will be the first to utilize this platform for its token sale as it preps its mainnet launch. Share this article Coinbase is launching a platform that enables individual investors to purchase digital tokens prior to their listing on the exchange, with blockchain startup Monad set to be the first project to sell tokens through the service, the Wall Street Journal reported Monday. The platform, set…

Coinbase adds Aster to listing roadmap

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Key Takeaways Coinbase has added Aster, a decentralized perpetuals exchange, to its official asset listing roadmap. The move signals increased institutional interest in decentralized trading protocols like Aster. Share this article Coinbase, a prominent cryptocurrency exchange, has added Aster to its official roadmap for potential new asset listings. Aster is a decentralized exchange platform specializing in perpetuals trading. The exchange’s roadmap inclusion signals growing institutional interest in decentralized trading protocols. Aster has been developing product unification plans and expanding its decentralized perpetuals trading features. Recent posts on X indicate increased…

Crypto Stocks Sink as Macro Jitters Hit Coinbase, Block, Robinhood

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Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets…

Bitcoin Coinbase Premium Hits 7-month Low: Is $95K Next?

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Key takeaways: Bitcoin dropped below $100,000 and could retest its yearly open at $93,500 as its momentum weakens. The Coinbase Premium hit a seven-month low, reflecting strong US spot Bitcoin selling pressure. Short-term holders are accumulating BTC, while long-term holders continue taking profits. Bitcoin’s (BTC) recent weakness extended into Friday’s trading session, with BTC once again slipping below the $100,000 mark. The cryptocurrency could potentially retest its previous low of $98,200, a level formed on June 23. On Nov. 6, the Bitcoin Coinbase Premium Index, a metric that tracks the…

Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

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Key Takeaways Coinbase Europe Limited agreed to a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. The violations relate to failures in transaction monitoring for anti-money laundering (AML) and counter-terrorism financing (CTF) over several years. Share this article Coinbase Europe Limited, a crypto exchange operator, has agreed to pay a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. The settlement addresses the exchange’s failure to meet transaction monitoring obligations under anti-money laundering and counter-terrorism financing laws between 2021 and 2025.…