Coinbase, a leading crypto trading platform, found itself at the center of various news stories. Throughout March, users lost $46 million to social engineering scams. However, regulatory hurdles are being cleared as South Carolina dropped its staking lawsuit against the company, contributing to increased analyst bullishness over Coinbase's long-term growth potential. Risks regarding Ethereum staking dominance and potential overcentralization were raised. The listing of new altcoins stimulated interest, though Coinbase-backed web3 security solutions faced challenges. Fiat-to-crypto transactions in seconds become possible with Apple Pay® integration. Amidst rumours of a potential acquisition of Derivatives Venue Deribit, Coinbase also obtained VASP registration in the UK and India and secured registration in Argentina. Rosenblatt suggested that Coinbase is a buying opportunity, citing growth of USDC stablecoin. Despite battling cyber threats, Coinbase continues to innovate, launching its Open Source MPC Cryptography Library, and sharing its 'best lock' with crypto rivals as an industry-wide bid to fight hackers. The company's future looks promising with bullish sentiments towards stablecoin, an advancement in crypto derivatives, and a plan to tackle the Australian market in partnership with the Cronulla Sharks.
Coinbase News Analytics from Thu, 12 Sep 2024 07:00:00 GMT to Sat, 29 Mar 2025 21:26:55 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 2
