Coinbase has become the first cryptocurrency company to be featured on the Fortune 500, an annual list of the 500 largest United States corporations sorted by total revenue. The leading crypto exchange occupies the 437th spot on the list, thanks to a more than 500% year-over-year increase in revenue.
Coinbase added a risk disclosure in the latest earnings report, confirming how users would not have asset protection if Coinbase files for bankruptcy. Despite CEO Brian Armstrong confirming “funds are safe”, you should transfer your coins to a non-custodial wallet.
On Tuesday, Coinbase crypto exchange published its Q1 2022 business results. The US-based publicly traded exchange reported a significant drop in both user activity and trading volume.
Cryptocurrency exchange Coinbase has borrowed an undisclosed amount of cash from investment banking giant Goldman Sachs by collateralizing the loan with Bitcoin, according to a report from Bloomberg.
On Wednesday, the publicly traded cryptocurrency exchange Coinbase listed Binance USD (BUSD), a stablecoin project of its exchange competitor Binance. BUSD joins Coinbase’s rich offering of stablecoins that already includes Tether, USD Coin, TerraUSD, Dai, Paxos Standard, Rai Reflex Index, and mStable USD. Coinbase clarified in a Twitter post that it is adding support for ETH-based BUSD and that sending the asset on other platforms might result in a loss of funds.
Coinbase is looking to boost its regional presence by acquiring BtcTurk, one of the oldest cryptocurrency trading platforms in Turkey. Bloomberg reported on Thursday that the deal could be worth north of $3 billion.
After roughly six months since Coinbase unveiled its plans to launch a non-fungible token (NFT) marketplace, the beta version of its products is finally here. The Coinbase team shared the news on Twitter.
Binance and Coinbase are two of the most popular cryptocurrency exchanges today. Learn which trading platform is best for your in our comparison.
Digital asset trading platform Blockchain.com is reportedly preparing for an initial public offering (IPO) that could see the company follow in the footsteps of its rival Coinbase, which debuted on the New York Stock Exchange (NYSE) last spring.