Recent developments highlight Coinbase's partnership with BlockFi for fund distribution and the shutdown of BlockFi's web platform. Coinbase's Stand With Crypto advocacy group has initiated a political action committee (PAC), targeting US elections to endorse pro-crypto politicians. With the rising user base and participation, Coinbase also became a hot topic on Reddit. Bitcoin Lightning Network has been integrated into Coinbase in collaboration with Lightspark. BlockFi's decision to shut down their web platform led them to also partner with Coinbase for handling customer payouts.
On the regulatory front, Coinbase faces a class action lawsuit alleging the crypto exchange sold illegal digital asset securities. Despite regulatory challenges, Coinbase's profits soar due to the jump in crypto prices. But, the regulatory pushback faced by Coinbase, according to Bitwise, has made Coinbase benefit from a 'hostile regulatory environment'. Ethereum and USDC are seen to hold infinite interoperability potential. Moreover, Coinbase is set to list JUP, TNSR, and JTO perpetual markets.
Lastly, Coinbase has obtained registration as a restricted dealer in Canada and VASP registration in France.
Coinbase News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Fri, 10 May 2024 18:39:40 GMT - Rating 0 - Innovation 3 - Information 7 - Rumor -3
