Tag: Coinbase

Coinbase Pauses Fiat Operations in Argentina After Less Than a Year

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Crypto exchange Coinbase has paused its local fiat operations in Argentina less than a year after formally entering the market, scaling back peso-based services while keeping its crypto functionality. According to a report by Forbes Argentina, Coinbase informed users that it is temporarily stepping back from maintaining local services following a review of its operations. The company described the move as a “deliberate pause” aimed at reassessing its approach and returning with a more sustainable product offering. The change primarily affects fiat rails. From Jan. 31, 2026, users will no…

Coinbase Executive Defends US Clarity Act Timeline

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The Digital Asset Market Clarity Act, or CLARITY Act, is moving along the right pathway, despite the crypto industry’s growing impatience, according to a Coinbase executive. “I completely understand why this is taking longer,” Coinbase Institutional head of strategy John D’Agostino said during an interview on CNBC on Friday. “It’s the kind of bill that is quite frankly more foundational for the growth of crypto or any real asset class,” he said, emphasizing that it makes sense for the process to take some time. Source: Cynthia Lummis He said that…

BlackRock moves over $120M in Bitcoin and Ethereum to Coinbase Prime

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Key Takeaways BlackRock transferred over $120 million worth of Bitcoin and Ethereum to Coinbase Prime. 1,134 Bitcoins and 7,255 Ethereum coins were involved in the transaction. Share this article A BlackRock-labeled wallet today sent 1,134 Bitcoin worth around $101 million and 7,255 Ethereum worth approximately $22 million to Coinbase Prime, the institutional custody arm of the crypto exchange, per Arkham. The latest transfers come during a period of massive outflows from crypto exchange-traded products, including BlackRock’s own offerings. Data from Farside Investors shows that US spot Bitcoin ETFs reversed back…

Coinbase Bets on Stablecoins, Base and ‘Everything Exchange’ for 2026

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Coinbase intends to prioritize stablecoins, its Ethereum layer-2 Base and building out its exchange products past cryptocurrencies throughout 2026, according to CEO Brian Armstrong. In a New Year’s social media post Armstrong reaffirmed Coinbase’s “everything exchange” strategy, which includes products like prediction markets, equities and commodities. At its year-end conference in December, Coinbase launched stock trading and prediction markets as part of its push. The company has also rebranded its wallet app as an “everything app,” adding social networking and onchain features. Coinbase isn’t alone in broadening its product suite.…

Coinbase Warns Stablecoin Rules Could Hand China an Edge

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A senior executive at Coinbase warned that changes to the US stablecoin framework could weaken Washington’s position in the global race for digital payments, just as China moves to make its central bank digital currency (CBDC) more competitive. In a post on X, Faryar Shirzad, Coinbase’s chief policy officer, said the debate over whether US-issued stablecoins can offer “rewards” under the GENIUS Act could hurt US dollar stablecoins’ global competitiveness. He pointed to a recent announcement from China’s central bank as evidence that rival financial systems are moving quickly to…

Alleged Crypto Scammer Posed As Coinbase Support To Steal $2M

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An alleged scammer posing as a Coinbase help desk worker has reportedly stolen around $2 million in crypto from users of the exchange, according to blockchain sleuth ZachXBT.  In a Monday X post, ZachXBT claimed that he had managed to pinpoint the identity of the alleged scammer after cross referencing Telegram group chat screen shots, social media posts and wallet transactions.   ZachXBT alleged that the “Canadian threat actor” had “stolen $2M+ via Coinbase support impersonation social engineering scams in the past year blowing the funds on rare social media usernames,…

BlackRock moves $192M in Bitcoin to Coinbase following last week’s $435M outflow

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Key Takeaways BlackRock transferred 2,200 Bitcoin and a significant amount of Ethereum to Coinbase Prime. Bitcoin has remained volatile, rising past $90,000 over the weekend before retreating to $87,703. Share this article BlackRock, the world’s largest asset manager, deposited over 2,200 Bitcoin worth around $192 million and $22 million in Ethereum to Coinbase Prime today, according to data from Arkham Intelligence. The latest transfers come after IBIT, the company’s flagship Bitcoin ETF, recorded $435 million in net outflows last week. Recent weeks have brought choppy flows overall, but outflows have…

Bitcoin Helps USD’s Reserve Status: Coinbase CEO

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Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance. “[Bitcoin] provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the US, people will flee to Bitcoin in times of uncertainty,” Armstrong argued in an interview on Tetragrammation with Rick Rubin on Thursday. “It might be okay to have 2-3% inflation if the economy is growing at 2-3%…

Crypto Prediction Markets Go Mainstream as Coinbase, Crypto.com Push In

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Prediction markets have emerged as one of the cryptocurrency sector’s most consequential, if not contested, frontiers. Once the domain of niche platforms, they are now attracting serious attention from major exchanges, venture capital and even traditional financial institutions.  As prediction markets move closer to the core of crypto’s business model, Crypto.com has sparked questions around fairness and market structure after seeking to hire a quantitative trader for an in-house market-making unit that would buy and sell contracts alongside other traders. Meanwhile, Coinbase has signaled a longer-term bet on regulated prediction…

BlackRock deposits $200M in Bitcoin and $29M in Ethereum to Coinbase Prime

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Key Takeaways BlackRock transferred Bitcoin and Ethereum to Coinbase Prime. Its IBIT and ETHA ETFs continue to experience net investor outflows. Share this article BlackRock deposited approximately $200 million in Bitcoin and $29 million in Ethereum into Coinbase Prime on Wednesday, according to Arkham Intelligence data. The transfers coincide with a period of uneven demand for BlackRock’s Bitcoin and Ethereum ETFs, where outflows have outweighed inflows in recent weeks. BlackRock’s flagship Bitcoin ETF (IBIT) posted around $157 million in net redemptions yesterday, and its Ethereum ETF (ETHA) saw an additional…