Tag: Coinbase

Coinbase to Expand DEX Trading Platform in Brazil

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Coinbase is expanding its decentralized exchange trading platform, called “DeFi Mullet,” to Brazil, providing them with access to tens of thousands of tokens without needing to leave the Coinbase app. Powered by Coinbase’s Ethereum layer 2 Base, DeFi Mullet first launched in the US on Oct. 8 and is designed to abstract away the complexities of using decentralized finance protocols. “Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface,” Coinbase said on Wednesday. Source: Brian Armstrong…

BlackRock deposits $616M in Bitcoin and $200M in Ethereum into Coinbase

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Key Takeaways BlackRock deposited $616 million in Bitcoin and $200 million in Ethereum into Coinbase on behalf of its ETF operations. These funds were sent to Coinbase Prime, which is designed for institutional custody and trading. Share this article BlackRock, the world’s largest asset manager, deposited 6,735 Bitcoin worth around $616 million and 64,706 Ethereum worth approximately $200 million into Coinbase today. The transfers were made to Coinbase Prime, which provides custody and trading services for institutional clients. The deposits continue a pattern of institutional transfers BlackRock has conducted in…

Researcher Claims Coinbase Developing Kalshi Powered Prediction Market

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Crypto exchange Coinbase is working on creating a website for a prediction markets platform, according to a tech researcher who posted screenshots seemingly indicating it will be backed by Kalshi. Jane Manchun Wong, a tech researcher and blogger known for discovering in-development features on Big Tech sites, posted to X on Tuesday that Coinbase is “working on a prediction market,” and shared multiple screenshots apparently showing the platform. In one screenshot, it states that the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through…

Coinbase premium gap hits -$90, signaling market power shift

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Key Takeaways The Coinbase premium gap has fallen to -$90, indicating unexpected market behavior. A negative premium gap suggests selling pressure and less demand from institutional investors on Coinbase. Share this article Coinbase’s premium gap has dropped to -$90, reflecting a significant shift in Bitcoin market dynamics as institutional demand weakens. A negative Coinbase Premium Gap indicates cautious investor behavior and changing demand patterns in the Bitcoin market. The metric measures the price difference between Coinbase Pro and other major exchanges, with negative values suggesting stronger selling pressure on the…

BlackRock transfers 3,064 BTC and 64,707 ETH to Coinbase for $478M

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Key Takeaways BlackRock transferred 3,064 BTC and 64,707 ETH to Coinbase Prime. These transfers are consistent with BlackRock’s previous institutional crypto asset management practices. Share this article BlackRock today transferred 3,064 Bitcoin and 64,707 Ethereum tokens to Coinbase, valued at approximately $478 million. The asset management giant moved the digital assets to Coinbase Prime, the exchange’s institutional custody platform. BlackRock has maintained a pattern of depositing Bitcoin and Ethereum on Coinbase Prime, indicating routine adjustments for liquidity or asset management. The transfers come amid ongoing market fluctuations, with Bitcoin recently…

Solana treasury Forward Industries transfers $260M in SOL to Coinbase Prime

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Key Takeaways Forward Industries transferred approximately $260 million worth of Solana (SOL) tokens to Coinbase Prime. The transfer signals a significant movement of SOL to an institutional custody and trading platform. Share this article Forward Industries, the largest Solana treasury entity backed by Galaxy Digital, Multicoin, and Jump Crypto, moved around $260 million worth of Solana tokens to Coinbase Prime today, according to Arkham Intelligence data. The transfer represents a significant movement of SOL tokens to an institutional custody platform. Coinbase Prime provides trading and custody services specifically designed for…

BlackRock transfers $467M in Bitcoin and $176M in Ethereum to Coinbase

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Key Takeaways BlackRock transferred $467 million in Bitcoin and $176 million in Ethereum to Coinbase. The transactions were facilitated through Coinbase Prime, which targets institutional clients. Share this article BlackRock transferred over 4,879 Bitcoin worth around $467 million and 54,730 Ethereum worth approximately $176 million to Coinbase Prime today, marking another significant institutional movement in digital assets. Coinbase Prime serves as a key platform for BlackRock’s institutional-grade crypto transactions, providing the infrastructure needed for movements of this scale between the world’s largest asset manager and major crypto exchange. The latest…

BlackRock deposits $222M in Bitcoin and $137M in Ether into Coinbase Prime

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Key Takeaways BlackRock deposited $137 million worth of Ether and $222M in Bitcoin into Coinbase on Friday. Spot Bitcoin ETFs recorded around $867 million in net outflows yesterday, with Ethereum ETFs posting an additional $260 million. Share this article BlackRock, the world’s largest asset manager, deposited 2,310 Bitcoin worth $222 million and 43,240 Ethereum worth around $137 million into Coinbase today. The transfer represents the latest institutional movement involving the two leading crypto assets amid ongoing ETF activity. BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about…

Banning Stablecoin Merchant Rewards Would Be Unamerican: Coinbase

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Crypto exchange Coinbase has slammed US banking groups for asking regulators to ban merchant rewards, cashbacks and discounts offered to customers who pay with stablecoins, calling the request “unamerican.” The clash relates to the statutory language of the GENIUS Act, which prohibits stablecoin issuers from offering interest or yield to holders of the token, but it does not explicitly extend the ban to crypto exchanges or affiliated businesses. The banking groups claim an “indirect interest” arises when a third-party financially benefits and has a connection to the stablecoin issuer. Coinbase…

Coinbase joins Tesla in relocating incorporation from Delaware to Texas

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Key Takeaways Coinbase, a major US crypto exchange, is moving its corporate domicile from Delaware to Texas. Texas offers business-friendly policies, lower taxes, and a growing tech ecosystem. Share this article Coinbase announced today that it will move its legal incorporation from Delaware to Texas following approval by the majority stockholders through written consent. The change will not affect operations, offices, or trading of its shares. The decision is driven by the benefits of Texas’ pro-business, innovation-friendly corporate laws, including greater predictability, lower litigation risks, and enhanced statutory protections for…