Tag: Coinbase

Philippines Blocks Coinbase, Gemini in Unlicensed VASP Enforcement

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Internet service providers (ISPs) in the Philippines began blocking major crypto trading platforms as regulators moved to enforce local licensing rules on crypto service providers.  Users reported that as of Tuesday, access to global cryptocurrency exchanges Coinbase and Gemini was unavailable in the Philippines. Cointelegraph independently confirmed that both platforms were inaccessible across multiple local ISPs.  A report by the Manila Bulletin said the ISP blocks followed an order from the National Telecommunications Commission, which directed providers to restrict access to 50 online trading platforms flagged by the Bangko Sentral…

Coinbase acquires The Clearing Company to scale prediction markets

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Key Takeaways Coinbase acquired The Clearing Company to scale its prediction markets offering. Customers will be able to trade on real-world event outcomes alongside crypto and equities on Coinbase. Share this article Coinbase has inked a deal to acquire The Clearing Company as it expands its push into event-based trading. The deal is expected to close in January, pending customary conditions. Founded earlier this year by Toni Gemayel, a former Head of Growth at Polymarket and Kalshi, The Clearing Company is a US-based startup focused on building an infrastructure for…

Coinbase Acquires The Clearing Company, Expands Prediction Markets Strategy

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Coinbase has agreed to acquire The Clearing Company, an on-chain prediction markets startup that spans digital assets, politics, sports, and culture, as it expands its push to become an “Everything Exchange” offering a broad range of investment products. In an announcement shared with Cointelegraph, Coinbase said it has entered into a definitive agreement to acquire The Clearing Company, with the transaction expected to close in January. Financial terms of the deal were not disclosed. The acquisition marks a rapid turnaround for The Clearing Company, which was founded earlier this year…

BlackRock moves $182M in Bitcoin and $91M in Ethereum to Coinbase Prime

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Key Takeaways BlackRock transferred around $182 million in Bitcoin and $91 million in Ethereum to Coinbase Prime. The assets were deposited into Coinbase Prime’s institutional custody and trading platform. Share this article BlackRock sent 2,019 Bitcoin worth approximately $182 million and 29,928 Ethereum worth around $91 million to Coinbase Prime on Monday, according to blockchain data tracked by Arkham Intelligence. Markets tend to pay close attention to the firm’s on-chain movements, which frequently are followed by large flows later in the day or in subsequent sessions. BlackRock’s Bitcoin ETFs saw…

Klarna partners with Coinbase to raise institutional funding in USDC

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Key Takeaways Klarna will raise short-term funding from institutional investors in USDC via Coinbase’s digital infrastructure. The move adds stablecoins to Klarna’s funding sources, which already include deposits, loans, and commercial paper. Share this article Klarna, the global digital bank and payments platform, has partnered with Coinbase to raise USDC-denominated short-term funding from institutional investors. The initiative adds stablecoins to Klarna’s traditional funding sources, which include consumer deposits, long-term loans, and commercial paper. The company will leverage Coinbase’s crypto infrastructure to tap into a new pool of institutional investors seeking…

Coinbase Premium Gap drops to -$57, signaling heavy US selling

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Key Takeaways The Coinbase Premium Gap has dropped to -$57, indicating strong selling pressure from US investors. A negative premium shows that Bitcoin is trading lower on Coinbase compared to global exchanges, reflecting regional sentiment. Share this article The Coinbase Premium Gap has fallen to -$57, indicating a reduction in Bitcoin market demand from US institutional investors, according to CryptoQuant data. U.S. investors are hitting the sell button hard 💥 The Coinbase Premium Gap is now at -$57—signaling aggressive selling pressure from American traders. pic.twitter.com/gRCPSVvf1o — Maartunn (@JA_Maartun) December 19,…

Coinbase Sues 3 States Over Prediction Market Laws

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Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are finance or gambling.​ The exchange has sued regulators in Connecticut, Illinois, and Michigan, asking federal judges to declare that prediction markets listed on a US Commodity Futures Trading Commission (CFTC)-regulated platform fall under the Commodity Exchange Act (CEA) and the CFTC’s exclusive jurisdiction, not 50 separate state gambling codes. In a Friday X post, chief legal officer…

Coinbase Appoints George Osborne As Internal Advisory Council Chair

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Coinbase, the largest US-based crypto exchange, has appointed George Osborne, a former United Kingdom chancellor of the exchequer, to run the company’s internal advisory council. The decision to appoint Osborne, who began working as a Coinbase advisor in 2024 during its battle with the US Securities and Exchange Commission (SEC), is part of Coinbase’s strategy of expanding its influence with foreign governments, according to Reuters. Osborne announced the new lead position on Thursday, framing it as a learning opportunity. He said: “Serving on Coinbase’s advisory council for over two years,…

Coinbase Expands Crypto Payments In Poland With Blik System

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Major US cryptocurrency exchange Coinbase is expanding payment options in Poland by integrating with one of the country’s most widely used mobile payment systems. Coinbase has partnered with European payment processor PPro to enable payments via Blik, a popular Polish mobile payment network with nearly 20 million users. The announcement was made by Coinbase executive and NFT Paris co-founder Côme Prost, who joined the exchange in February 2024 to lead its French operations. “Improving local payment rails is a key focus for us,” Prost said in a LinkedIn post on…

The Top Announcements at Coinbase System Update

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Coinbase’s year-end “System Update” conference on Wednesday saw the company announce a slew of new offerings as it branches out from its crypto exchange roots. In addition to introducing stock trading and prediction markets to its platform, Coinbase announced plans to expand into custom stablecoins, tokenization, and AI-powered investment advisers.   Here’s the top eight things you may have missed from Coinbase’s conference. Stock trading on Coinbase The headline feature, and the first thing Coinbase announced, was that it’s adding stock trading to its platform. Coinbase head of consumer and business…