Coinbase partners with banking giant MUFG to launch officially in Japan
Coinbase, the largest cryptocurrency exchange in the United States, has announced its formal opening in Japan in collaboration with Mitsubishi UFJ Financial Group (MUFG). The partnership will help to provide a “quick deposit” fiat on-and-off ramp. On Aug. 19, the company led by CEO Brian Armstrong announced the introduction of retail trading products that include […]
Coinbase stockpiles a $4B war chest in anticipation of the ‘crypto winter’
Coinbase, the largest US cryptocurrency exchange, has amassed a $4 billion war fund in anticipation of lower crypto retail trading volumes and greater operational expenses due to regulatory barriers. It apparently intends to utilise the funds to offset expenditures incurred as a result of a range of circumstances, including complying with new laws enacted by […]
Reports suggest that a major tech giant owns shares of Coinbase stock
As of the time of writing, Intel had a minor position of COIN shares, which were worth between $500,000 and $1,000,000 at the end of Q2. This industry has received a significant amount of popular attention in the years 2020 and 2021, and it will continue to do so. Intel, a technology giant with a […]
USDC on Coinbase is now ‘backed by fully reserved assets’
Contrary to the “backed by U.S. dollars in a bank account for USDC on Coinbase,” the website now states that USD Coin is “backed by fully reserved assets.” USD Coin (USDC), Circle’s dollar-pegged stablecoin, appears to have lost one of its most significant competitive advantages over Tether (USDT) (USDT). Following an audit that revealed that […]
Coinbase made $1.6 billion in profits in the second quarter, as ETH volume surpassed BTC
Coinbase made $2.23 billion in revenue in the second quarter, above analyst expectations of $1.78 billion, this was a significant increase over the previous quarter’s $1.78 billion. When it comes to trading volume, Ethereum (ETH) overtook Bitcoin (BTC) on Coinbase for the first time in the second quarter of 2021, resulting in $2.23 billion in […]