Tag: Coinbase

Coinbase Gets Nod from Indian Regulators to Acquire CoinDCX Stake

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The Competition Commission of India, the regulatory body responsible for promoting fair competition in the country, has approved Coinbase acquiring a minority stake in cryptocurrency platform CoinDCX. In a Tuesday notice, the regulator said it had approved Coinbase Global’s minority stake acquisition in DCX Global Limited, the company behind CoinDCX. Coinbase chief legal officer Paul Grewal confirmed the news in a Wednesday X post, saying it deepened the exchange’s “long-term partnership with one of India’s most established and trusted digital asset platforms.” Source: Paul Grewal Neither the regulatory announcement nor…

BlackRock sends $382M in Bitcoin and $220M in Ethereum to Coinbase

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Key Takeaways BlackRock transferred $220 million in Ethereum and $382 million in Bitcoin to Coinbase Prime. The deposits demonstrate institutional engagement with major cryptocurrencies on Coinbase’s custody platform. Share this article BlackRock deposited 74,973 Ethereum worth $220 million and 4,356 Bitcoin worth $382 million to Coinbase Prime today, according to data from blockchain intelligence firm Arkham Intelligence. The movements come amid uneven flows across BlackRock’s digital asset funds. On Tuesday, the firm’s Bitcoin ETF recorded more than $210 million in net outflows, while its Ethereum ETF saw net redemptions exceeding…

Coinbase, Robinhood Lend Talent to US ‘Tech Force’

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Crypto exchange Coinbase and trading platform Robinhood are among a group of tech companies lending a hand to the US government’s new “Tech Force.”  The launch of the Tech Force on Monday aims to tap the private sector’s talent to plug “critical skills gaps” in the government across artificial intelligence, cybersecurity and software engineering. Big Tech firms will lend their workers to serve one- to two-year stints at federal agencies, with the government seeking 1,000 early-career candidates and “experienced managers.” Coinbase and Robinhood were named among nearly 30 “initial private…

BlackRock moves $140 million in Ethereum to Coinbase as ETH slides 6%

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Key Takeaways BlackRock transferred 47,500 Ethereum worth $140 million to Coinbase Prime. BlackRock’s Ethereum ETF (ETHA) experienced volatile flows and net losses amidst market outflows. Share this article BlackRock transferred 47,500 Ethereum worth around $140 million to Coinbase Prime early today, according to data from Arkham Intelligence. Ethereum was trading at $2,954 at press time, down over 6% in the last 24 hours, per CoinGecko. The digital asset dipped below $3,000 on Monday amid a market-wide selloff that saw Bitcoin sink under $86,000. BlackRock’s latest ETH deposit follows weeks of…

Standard Chartered, Coinbase Expand Institutional Crypto Deal

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Standard Chartered and Coinbase have expanded their partnership to build crypto infrastructure for institutional clients. As part of the partnership, the duo will explore offerings across trading, prime services, custody, staking and lending, the British multinational bank announced on Friday. “We aim to explore how the two organisations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance,” Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, said. The two firms said the partnership combines Standard Chartered’s cross-border banking and custody…

Coinbase and Standard Chartered expand crypto prime services for institutions

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Key Takeaways Coinbase and Standard Chartered are partnering to expand crypto prime services for institutional clients. This collaboration aims to broaden access to digital asset services for large investors. Share this article Coinbase and Standard Chartered are expanding their partnership to develop crypto prime services for institutional clients, including trading, custody, staking, and lending products. The collaboration between the crypto exchange and the $913 billion global bank aims to broaden institutional access to regulated digital asset infrastructure. Both firms said the expansion reflects growing demand for scalable, compliant solutions in…

Coinbase Expands Into Prediction Markets And Tokenized Stocks

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Coinbase, the largest US crypto exchange by trading volume, is days away from unveiling its push into prediction markets and tokenized stocks, according to Bloomberg. Coinbase plans to announce next week that it will launch prediction markets and tokenized equities, Bloomberg reported on Thursday, citing anonymous sources familiar with the matter. The exchange will hold a livestream on Wednesday to showcase new products, though the report said it hasn’t disclosed whether prediction markets and tokenized stocks will be among them. The news comes nearly a month after tech researcher Jane…

Coinbase set to unveil prediction markets and tokenized stocks on Dec. 17

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Key Takeaways Coinbase will launch prediction markets and tokenized stocks on December 17. These new products expand Coinbase’s offerings beyond traditional digital assets. Share this article Coinbase is set to launch prediction markets and its own suite of tokenized equities next week, Bloomberg reported on Thursday, citing a person familiar with the company’s plan. The crypto exchange will introduce these new products as it expands its trading offerings beyond traditional digital assets. The prediction markets will allow users to speculate on future events, while tokenized stocks will enable trading of…

J.P. Morgan Pioneers US Commercial Paper Issuance on Solana via Coinbase Platform

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Key Takeaways J.P. Morgan issued US commercial paper for Galaxy on Solana, utilizing blockchain and tokenization. The deal leveraged Coinbase’s Crypto-as-a-Service, using USDC for payments and custody. Share this article J.P. Morgan arranged a US commercial paper issuance for Galaxy on Solana today, marking one of the first debt securities issued on a public blockchain in the US. The transaction utilized tokenization, USDC payment rails, and custody services powered by Coinbase’s Crypto-as-a-Service platform. The move represents Wall Street’s application of blockchain technology in capital markets infrastructure. The arrangement could enable…

BlackRock transfers 2,196 Bitcoin to Coinbase Prime

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Key Takeaways BlackRock moved 2,196 Bitcoin to Coinbase Prime, valued at over $200 million. This transfer highlights BlackRock’s ongoing activity in the digital asset space. Share this article BlackRock transferred 2,196 Bitcoin worth over $200 million to Coinbase Prime this morning, according to Arkham Intelligence data. The move is part of BlackRock’s ongoing adjustments to meet demand across its crypto funds. BlackRock’s Bitcoin ETF (IBIT) reported about $135 million in net outflows yesterday and was the only fund facing withdrawals. Despite that, IBIT still leads the spot Bitcoin ETF group,…