Coinbase Financial News

In this article

Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra.

Search interest for stock funds remains strong despite the recent market sell-off, even in areas of the market that have cooled off significantly, according to trends seen by Tifin.

Major crypto exchanges Coinbase and BitMEX are deploying new features to lure more customers, benefiting from users’ rising interest in direct and mobile Web3 access, and spot markets, among others.

Nasdaq listed crypto exchange Coinbase has said it will slow down its hiring and reprioritise it based on business goals.

Mumbai: One of the world’s top global cryptocurrency exchanges, Bitmex, is launching spot trading in India on Tuesday, despite the bloodbath in the crypto market and an unfavourable regulatory environment, a top executive told ET. The spot exchange will allow Indian users to instantly buy, convert, deposit and withdraw multiple cryptocurrencies. «India is one of the most active hubs globally for crypto adoption and not just from a trading perspective, but we are seeing a lot of activity in terms of project development, project rollouts, and actual infrastructural projects within the ecosystem. India is ranked second in the global crypto adoption index. Given its demography and tech capabilities, India is just impossible to ignore,» Jenia Mikhalchenko, vice-president of spot exchange at Bitmex, said during an interview.

America’s largest crypto exchange Coinbase has rolled out Web3 app functionality including a hot wallet and browser for a limited set of its mobile app users.

The crypto tokens were badly hammered last week amid geopolitical unrest, rising inflation rates and the explosive failure of Terra (LUAN) which hurt the sentiments. Tokens in the last few sessions, however, scripted mild recovery from recent lows. All the tokens in the top 15 list were trading higher on Monday. Cardano rallied about 14 per cent, followed by a 12 per cent rise in Solana. Avalanche zoomed 7 per cent and BNB advanced 5 per cent.

Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra.

Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates, but have started showing signs of settling. Although the near-term trajectory of the crypto market is challenging to predict, the worst may be over, said Juan Perez, director of trading at Monex USA in Washington.

Top cryptocurrencies like Bitcoin and Ethereum advanced slightly on May 14 as the market recovered from previous losses.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

At a time when the third-largest stablecoin, terraUSD (UST) collapsed, a group of Coinbase’s clients are suing the crypto exchange over its alleged role in the promotion and trading of GYEN, another stablecoin the plaintiffs claim brought them millions of dollars in losses.

Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors. The company said it was actively working on the issue. «We are aware that some customers are having issues trading and accessing accounts on Coinbase and Coinbase Pro. Your funds are safe, and we are actively working on the issue. We'll provide an update here soon,» said Coinbase.

bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly fragile, as tokens supposed to be pegged to the dollar have faltered. Bitcoin, the largest cryptocurrency by total market value, managed to bounce in the Asia session and traded at $30,300 at 0623 GMT, up 5%. It has staged something of a recovery from a 16-month low of around $25,400 reached on Thursday.

The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy.

Bad news continues to dominate crypto media headlines and today's juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined sharply.

As the crypto market crash continued on Thursday, analysts told Cryptonews.com that traders should keep a close eye on the bitcoin (BTC) price on Coinbase, as well as tether’s (USDT) progress towards getting back to its dollar peg, for clues about when the worst selling pressure might end.

Following the Coinbase report where the company declared its losses, a disclosure that suggests that users are not protected in the case of bankruptcy has been gaining traction on social media. However, Coinbase CEO Brian Armstrong explained that funds are safe “as they’ve always been.” 

Cryptocurrency trading platforms might look and feel like regular brokerage apps to everyday users, but regulators have long warned they lack the oversight and investor protections that are built into traditional financial services.

Brian Armstrong owns 16% of Coinbase and controls 59.5% of its voting shares.