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Coinbase News and Articles



Google Cloud Coinbase

Google Teams up With Coinbase to Accept Crypto for Cloud Services

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Today Google announced a partnership with crypto exchange Coinbase to allow users to pay with crypto for cloud services starting in early 2023. According to a report by CNBC, the tech giant revealed the news first at the Cloud Next conference. Due to its cloud business, Google's parent company...

Coinbase

Coinbase used its reserves to speculate in the market

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The American exchange Coinbase used its financial reserves for speculation in the cryptocurrency market. According to the Wall Street Journal, the company was trading through its risk management division. Last year, Coinbase hired four traders from Wall Street. This team was engaged in investments...

Coinbase crypto Georgia

Coinbase Users in Georgia Could Cash Out Cryptos 100X the Rate

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A technical error in Coinbase resulted in Georgian users' cashing out funds with prices 100 times higher than their actual rates. This happened as the price of the country's official currency, the lari (GEL) was shown at $290 on August 31 instead of $2.90. So, users having $100 worth of lari on the...

Coinbase

Coinbase Plans to Suspend ERC-20 Token Transactions During Merge Update

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The largest American cryptocurrency exchange Coinbase announced the suspension of transactions with ERC-20 standard tokens during the September Merge update. Last Tuesday, the company's press service announced support for the long-awaited fork, designed to complete the transition of Ethereum to the...

Coinbase

The share of Coinbase in the spot market fell to 6.3%

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Since the beginning of 2022, the Coinbase cryptocurrency exchange has suffered heavy losses on many fronts. It fell to 14th place in the ranking of platforms in terms of trading volume in the spot market. The researchers emphasized that if in January Coinbase accounted for up to 10.7% of the total...

Coinbase quarter 2 revenue

Coinbase Reports Over $1 Bln Loss in the Second Quarter

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Cryptocurrency exchange Coinbase reported a 64% revenue loss in the second quarter, down $1.1 bln from last year. The company said the loss was heavily impacted by non-cash impairment charges. In a shareholder letter, Coinbase said at the end of Q2, Assets on Platform were $96 bln, while at the end...

Coinbase

Coinbase shares soar 18% on BlackRock collaboration news

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The investment appeal of the crypto company Coinbase has increased dramatically after it became known about its partnership with the giant BlackRock. The world's largest asset manager will use the services of exchange to store digital currencies owned by institutions. First of all, cooperation will...

SEC Coinbase

SEC Investigates Coinbase Over Crypto Listings

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The US SEC is looking into Coinbase over the sale of digital currencies that the agency views as securities. A Bloomberg article says that people familiar with the subject noted that the SEC increased scrutiny around Coinbase after the platform added the number of cryptos it offers for trading. A...

Coinbase former product manager

Former Staff Member at Coinbase Accused of Insider Trading

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US officials arrested a former officer at Coinbase for conducting insider trading. According to a release by the US Department of Justice, there are three charges in the first crypto insider trading tipping plot. The document says the former employee Ishan Wahi together with his brother Nikhil...

Coinbase Europe

Coinbase Takes Steps to Expand Its Presence in Europe

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Popular crypto exchange platform Coinbase intends to expand in Europe, registering in Italy, Spain, France, the Netherlands, and other countries. Coinbase VP Nana Murugesan said in a recent interview with Bloomberg that the company has welcomed its first employee in Switzerland. The business is...

Coinbase

Coinbase Launches Nano Bitcoin Futures

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On June 27, Coinbase will launch nano futures for the first cryptocurrency. For CFTC approval, the bitcoin exchange will provide instrument trading through brokers. Contracts with the ticker BIT will be launched by Coinbase Derivatives (formerly FairX). Futures with settlements in US dollars is...

Coinbase Polygon Solana

Coinbase Adds Polygon and Solana Support for ETH, MATIC, and USDC

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Popular crypto platform Coinbase said in the next month users will be able to make transactions in Ether, MATIC and USDC stablecoin on Ethereum's L2 scaling solution Polygon, and USDC on Solana. Coinbase published a blog post that mentions Ethereum has the largest ecosystem for developers,...

Coinbase

The number of BTCs on Coinbase fell to the lowest level since mid-May

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Over the past 24 hours, investors have withdrawn tens of thousands of bitcoins from the Coinbase exchange. The outflow was about 30,000 coins. Thus, the BTC balance on the trading floor fell to its lowest level since May 16. The reduction in the market supply of the asset had a positive effect on...

Coinbase

Coinbase abandons plans to expand staff

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In February, the crypto company Coinbase announced its intention to hire about 2,000 more people. However, the dominance of bearish sentiment in the market forced the American giant to reconsider its personnel policy. Last Thursday, Coinbase's press office announced that it was refusing such a...

Coinbase crypto

Coinbase Users Had Difficulties While Withdrawing Funds

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Users of the crypto exchange Coinbase were reporting difficulties while withdrawing holdings amid the significant fall in crypto prices. On May 12, Coinbase Support tweeted that the team is aware that some customers are having issues trading and using accounts on Coinbase and Coinbase Pro. The...

Brian Armstrong Apple App Store

Coinbase CEO Says Apple's App Store Isn't Crypto-Friendly

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Co-founder and the CEO of Coinbase, Brian Armstrong finds that Apple's App Store rules have made it difficult to realize the product's roadmap. Armstrong accused Apple of banning features from their application. He also said that Apple isn't friendly with the crypto sector in general as in many...

Coinbase

Coinbase Announces Testing of Its Own NFT Platform

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The largest cryptocurrency exchange in the United States, Coinbase, has announced the start of beta testing of its own NFT platform. As of today, it is known that more than 8M users who have already pre-registered are waiting for the launch of a platform for trading non-fungible tokens. Coinbase...

Coinbase

Coinbase Suspends Payment Services in India

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The largest US cryptocurrency exchange, Coinbase, which recently launched its trading platform in India, has reported pressure from local regulators. Against the background of the resulting conflict, Coinbase announced that the provision of certain payment services is going to be suspended. As of...

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