The cryptocurrency exchange
Coinbase is in the headlines for various reasons ranging from challenging the Commodity Futures Trading Commission's (CFTC) proposed prediction market rules to announcing new listings and integrating Bitcoin's Lightning Network. Despite the recent crypto market slump, the company's Q2 earnings beat estimates, reinforcing its growth. With regards to secure crypto custody, the exchange aims to augment the use of
Vaults. A significant amount of $2.4bn of
cbETH liquid tokens has been redeemed from Coinbase. Coinbase has also teamed up with Stripe with a mission to boost worldwide crypto adoption. The company is entering the prediction market race with its backer Vega. Despite facing criticisms and financial investigations, Coinbase's shares have shown resilient growth. The company has secured registration as a Restricted Dealer in Canada, laying emphasis on its international expansion. In the derivatives market, Coinbase has broadened its futures offering to incorporate Oil and Gold. Furthermore, it's challenging the CFTC's stand against prediction markets, arguing for a more balanced regulation of event contracts. Additional noteworthy news includes the accusation of campaign finance violations, the entering of the Tech Against Scams Coalition and earning recognition from well-known investor Ark Invest.
Coinbase News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 16:00:01 GMT -
Rating 8
- Innovation 8
- Information 7
- Rumor 5
