Coinbase Financial News

Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull. 

Around two months after the US Securities and Exchange Commission (SEC) filed lawsuits against major exchanges Binance.US and Coinbase, targeting 19 cryptocurrencies that were designated as unregistered securities, the same tokens are showing signs of recovery.

Coinbase (COIN) can now offer cryptocurrency futures trading on its U.S.-based exchange, the company said.

The exchange says it has been granted approval by the National Futures Association (NFA), a self-regulatory organisation designated by the CFTC, making it the first crypto-native platform to directly offer traditional spot crypto trading alongside leveraged crypto futures.Coinbase applied with the NFA nearly two years ago and says it has been working with regulators since then to ensure it will comply with all regulations and that its business model meets the CFTC’s customer protection requirements. Greg Tusar, VP, institutional products, Coinbase, writes in a blog: "We believe this is a watershed moment to be able to bring regulated crypto products to US customers."The approval is regulatory win for Coinbase, which has been publicly locking horns with the SEC.

Coinbase said it's received regulatory approval to bring federally regulated crypto futures trading to eligible customers in the US, sending shares sharply higher before the opening bell Wednesday. In June, the US Securities and Exchange Commission filed lawsuits against Binance and Coinbase, saying that the companies were in violation of the the law because they were operating as securities exchanges without registering with the agency. Coinbase said Wednesday that it had secured regulatory approval from the National Futures Association to operate as a futures commission merchant. The cryptocurrency exchange said that it filed its application with the association in 2021. Now that it has received approval, Coinbase says eligible US customers will be able to access regulated derivatives products through Coinbase Financial Markets, subject to the oversight of the Commodity Futures Trading Commission and the NFA. The company tweeted that it can now offers cryptocurrency futures contracts in bitcoin and ether. Futures are derivative contracts to buy or sell an asset at a later date at a price previously agreed to under a contract.

Microfinance has partnered Chennai-based fintech firm IppoPay to power digital lending to micro, small and medium enterprises (MSMEs) in rural and semi-urban micro-markets of Tamil Nadu, Andhra Pradesh, Telangana and Karnataka. Coinbase Ventures and Better Capital-backed startup Ippopay offers payments solutions to about 400,00 merchants.

Investing.com — U.S. futures traded just higher Wednesday, with investors wary ahead of the release of the minutes from the last Federal Reserve meeting, which could provide future monetary policy guidance.

Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States.

DEX tokens built on Coinbase's new layer-2 blockchain have been witnessing intense price action since BASE launched on August 9, and Cookie Coin (COOKIE) is the latest entrant to undertake a sensational move this on-chain summer.

During an interview, Cody Carbone, the Vice President of Policy at the Chamber of Digital Commerce, expressed his concerns regarding the regulatory stance the US Securities and Exchange Commission (SEC) has adopted toward the cryptocurrency industry. 

United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations.

Coinbase has announced the launch of a crypto advocacy group tasked with promoting the interests of the crypto community.

As the Wall Street Movement continues to remain a force within crypto markets, Wall Street Base (WSB) has become the latest DEX token to undertake a sensational pump on launch.

A consortium of legal experts from top U.S. law schools are backing Coinbase in its lawsuit with the Securities and Exchange Commission (SEC), arguing that the latter has the wrong interpretation of what constitutes an “investment contract.”

Bankrupt crypto lender Voyager Digital's recent transfer of 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens, worth around $2.77 million and $2.7 million respectively, to Coinbase has ignited suspicion and speculation in the crypto community.

Coinbase CEO Brian Armstrong acknowledges that the surge in on-chain activities on the new layer-2 network Base has revealed significant flaws in the user experience of the Coinbase app and is committed to enhancing it.

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Cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with local financial services company Peoples Trust Company. 

TORONTO — Coinbase is rolling out Interac e-transfer integration as part of its Canadian offerings as it says it’s encouraged by the regulatory approach in the country.

Crypto exchange giant Coinbase has announced its official launch in Canada, offering users a series of new features including 30-day free use of Coinbase One and zero trading fees.

US Congressional Committee took a monumental step by advancing a bipartisan bill that seeks to establish a comprehensive regulatory framework for cryptocurrencies. This marks a pivotal moment for Capitol Hill in its endeavors to formalize federal oversight for the digital asset industry. The crypto sector has faced increased scrutiny, especially after several investors were affected by the sudden collapse of prominent companies like Celsius Network, Voyager Digital, FTX, and others. Against this backdrop, the classification of cryptocurrencies as securities or commodities represents a progressive stride, addressing both the Commodity Futures Trading Commission (CFTC) oversight and concerns raised by the Securities and Exchange Commission (SEC). With Congress passing its first regulatory bill for the crypto industry, a long-awaited victory has been achieved, while a parallel discussion regarding stablecoin requirements under the Federal Reserve’s purview is ongoing, which will strike a balance between innovation and investor protection.Why is this bill Important?The recent advancement of the regulatory bill by the US congressional committee signifies a groundbreaking effort to provide much-needed clarity to the evolving crypto industry. For years, crypto companies have operated within a regulatory gray area, leaving both investors and businesses uncertain about their legal obligations and rights.