Coinbase, the leading cryptocurrency exchange is facing varied circumstances. Amid the memecoin frenzy, Coinbase eyes adding more support; recently, it introduced support for Dogecoin's rival,
FLOKI, driving trading volumes. However, the platform faced accusations of delisting wBTC to favor its own cbBTC, leading to an intense crypto battle. Simultaneously, Coinbase expands and eyes more acquisitions, including deals with NBA teams such as the LA Clippers. The platform's CEO,
Brian Armstrong, emerged as a candidate for Trump's crypto czar. Furthermore, Armstrong and Cardano's founder Charles Hoskinson show signs of alliance; Hoskinson nominated Armstrong for the crypto czar position.
Coinbase introduced a rewards program for USDC holders amid Armstrong's selling of $19.1M in common stocks. The platform's allure seemingly sputtered, with disappearing premium as Bitcoin nears $100,000 resistance. There have been reports that Trump and Armstrong are discussing potential personnel appointments, connecting with increasing political clout of crypto. Despite this, Coinbase seems to gear towards a more innovative trail with a team focused on accelerating onchain payments, which is made evident in the launch of the Coinbase 50 Index featuring Bitcoin and Ethereum.
Coinbase News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Sun, 24 Nov 2024 00:00:00 GMT -
Rating 8
- Innovation 5
- Rumor 2
