Coinbase (NASDAQ:COIN) is facing increasing competition in the cryptocurrency space as CME considers listing spot Bitcoin and Solana-Based DEX is added to its listing roadmap. Despite this, Coinbase is set to tap into Australia's pension sector, showing intent to revolutionize the sector with its services. The company faced a system-wide outage recently which hampered Bitcoin trading and resulted in users reporting withdrawal issues. Meanwhile, Bitcoin whales managed to drain 15400 BTC from Coinbase in a single day. Coinbase has been also pushing boundaries with the integration of Bitcoin's Lightning Network in partnership with Lightspark. The company is under scrutiny from the SEC as its chief legal officer criticizes the regulator’s Wells process. Coinbase is trying to resume operations and assures its users that funds are safe amid system-wide outages. Coinbase's shares fell by 9% following reports of CME's plans to launch Bitcoin trading. However, it eyes opportunities in Australia's growing pension fund sector, targeting services for self-managed pension funds. Finally, the debut of Terra Luna Classic (LUNC) proved beneficial; the listing could trigger a rally.
Coinbase News Analytics from Tue, 19 Mar 2024 07:00:00 GMT to Fri, 17 May 2024 01:28:33 GMT -
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- Innovation 5
- Information 7
- Rumor -4
