Coinbase has recently experienced a multitude of both victories and hurdles. The cryptocurrency exchange emerged triumphant as the SEC dropped a the lawsuit, hinting at a regulatory policy shift for cryptocurrency. Despite engagement in legal battles, Coinbase continues to innovate, supporting DeFi lending protocol altcoins built on Ethereum and Base. To add to this, Coinbase has unveiled upgrades targeting a transaction speed double that of Solana's. It has also enlisted in an alliance with NEAR and others to develop open AI services. However, external market factors like a Bitcoin slump and lack of positive catalysts have put downward pressure on Coinbase's stock. The exchange also witnessed an outflow from ETF, suggesting that investors are unloading their positions. In addition, Coinbase is stepping foot in new territories like Argentina and is partnering with Onboard Global to offer P2P payments in Nigeria. Nevertheless, it has been criticised for its performance given the significant fall in share value, raising questions about its future trajectory.
Coinbase News Analytics from Wed, 18 Dec 2024 08:00:00 GMT to Sat, 01 Mar 2025 23:47:51 GMT -
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