Coinbase | Crypto

While Washington attempts to navigate the stablecoin battle between banks and crypto companies over the Clarity Act, Coinbase has now announced the “Coinbase Stablecoin Credit Strategy” (CUSHY), targeting qualified investors and institutions with exposure to public, private, and opportunistic credit. The firm also said that it offers investors access to the structural alpha from tokenization, […] The post Coinbase’s new credit fund shows why banks are fighting stablecoin yield on the Clarity Act appeared first on CryptoSlate.

Coinbase survey results and onchain data suggest that Bitcoin is undervalued and at the tail end of its bear market phase. More than 70% of crypto investors believe that Bitcoin (BTC) is undervalued, according to a recent Global Investor Survey conducted by Coinbase and Glassnode. The survey found that 82% of institutions and 70% of non-institutions classify the market as a late bear cycle markdown phase, while onchain indicators suggest BTC is entering a “value-accumulation zone.”  Coinbase Institutional Research surveyed 91 global investors between March 16 and April 7, including 29 institutions and 62 non-institutions. The responses show a sharp shift in perceptions for the current BTC market. Read more

XRP trades at $1.38 with RSI at 38 and exchange outflows spiking 35M tokens. Analysts target $1.87 by June. Key support, resistance, and May catalysts analyzed. The post XRP News: Ripple’s CEO Expects CLARITY Act by May and Coinbase Is Activating XRP Futures: Are the Catalysts Finally Aligning? appeared first on Cryptonews.

The Bitcoin ETF trade sold investors a simple promise: crypto exposure inside a wrapper that looked and felt like mainstream finance. Advisors could buy it, compliance teams could understand it, and institutions could route capital into digital assets through a product that fits the rest of their strategy. That promise worked, and the US spot […] The post Grayscale moves away from Coinbase for new ETF product – Is Wall Street building a post-Coinbase custody map? appeared first on CryptoSlate.

Coinbase legal chief Paul Grewal says the company removed New York’s prediction markets lawsuit to federal court, setting up a sharper fight over CFTC authority and state gambling laws. Coinbase’s chief legal officer, Paul Grewal, said Wednesday that the company had removed New York Attorney General Letitia James’ prediction markets lawsuit from state court to federal court, arguing that the case turns on disputed questions of federal law over how event contracts are regulated. The move escalates a legal fight that could help define whether prediction markets fall under federal commodities regulation and the scope of the US Commodities and Futures Trading Commission’s (CFTC) or state gambling laws, with broader implications for the oversight of platforms like Coinbase and Gemini. “We have removed this action to federal court,” wrote Grewal in a Wednesday X post, adding that New York’s claims raise “disputed and substantial questions of federal law” and are subject to “complete preemption.” Read more

Bitcoin's Coinbase premium has been positive for 14 straight days, the longest bullish streak since BTC hit its all time high of $126,000 in October.

Cantor Fitzgerald analysts said the market is treating recent trading slumps as old news, shifting focus instead toward prediction markets and new product launches to drive the next leg of growth for Coinbase and Robinhood.

Attorney General Letitia James alleged that Coinbase and Gemini ran unlicensed markets, adding pressure on crypto companies as states move to regulate event-based trading platforms. New York's attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets, Reuters reported.  “Gambling by another name is still gambling, ​and it ​is not ⁠exempt from regulation under our state laws and Constitution,” Attorney General Letitia James said in a statement. Read more

Prediction market platform Kalshi is moving onto Coinbase’s turf by launching crypto perpetual futures, aiming to capture the massive demand for digital asset derivatives within a regulated U.S. framework.

Nium integrates Coinbase’s infrastructure to enable USDC-based cross-border payments, allowing businesses to settle in fiat or stablecoins without relying on prefunded accounts. Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform. According to a Tuesday announcement, the integration uses Coinbase’s infrastructure for custody, liquidity and wallet services, enabling Nium’s customers to fund cross-border payouts in USDC and settle in either stablecoins or local currencies. Traditional cross-border payment systems often require companies to prefund accounts across multiple jurisdictions, tying up capital while transactions settle across time zones and banking networks, Santhosh Srinivasan, VP of Treasury at Nium, told Cointelegraph. Read more

Coinbase launched USDC loans for UK users backed by BTC, ETH and cbETH, expanding its borrowing product as Britain moves toward a crypto regulatory regime. Crypto exchange Coinbase has rolled out crypto-backed USDC loans for users in the United Kingdom, allowing users to borrow USDC against Bitcoin, Ether and Coinbase Wrapped Staked Ether (cbETH). The loans are issued through Morpho, a lending protocol on Base. According to a Monday announcement, users can borrow up to $5 million in USDC (USDC) with Bitcoin (BTC)-backed loans, depending on how much collateral a user pledges. Coinbase said interest rates are variable and set by Morpho based on market conditions on Base, suggesting that borrowing costs can change frequently. The exchange said there is no fixed repayment schedule, but borrowers face liquidation risk if the loan-to-value ratio exceeds specific thresholds.  Read more

Brian Armstrong has now predicted that AI agents will not only transact onchain more than humans but will outnumber employees at his company very soon. Coinbase CEO Brian Armstrong said the company has started testing AI agents on Slack and email to assist employees with work tasks, continuing the company’s efforts to embed AI into its workflows.  In a post to X on Saturday, Armstrong said the company has already deployed two AI agents, modeled after two former executives, speculating that AI agents could eventually outnumber human employees at the crypto exchange. “Soon, it will be easy for any employee to spin up a new agent for themselves or their team. I suspect we will have more agents than human employees at some point soon.” Read more

Cantor Fitzgerald says Robinhood and Coinbase are best positioned to dominate the prediction market space by leveraging their massive retail scale and existing trading infrastructure.

Tom Duff Gordon exited to join OpenAI as head of EMEA Policy, a spokesperson for Coinbase said.

Is Coinbase too big to fail? It has to be now ETFs rely on it daily Wall Street spent two years selling investors on a clean vision of Bitcoin: a regulated exchange-traded fund, cleared and settled through the same institutional machinery that handles equities and bonds, scrubbed of the Wild West baggage that haunted crypto's […] The post Over 80% of Bitcoin ETF assets hit Coinbase custody choke point with $74B at risk appeared first on CryptoSlate.

The public statement came about three months after the CEO said Coinbase could not support the crypto bill “as written“ before a crucial committee vote. Brian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays. In a Thursday X post, Armstrong said that Coinbase agreed with comments from US Treasury Secretary Scott Bessent in a recent Wall Street Journal op-ed, in which he urged Congress to act on the crypto bill soon. According to the CEO, the current version of the legislation, after months of negotiations between lawmakers and representatives from the crypto and banking industries, was a “strong bill.” “It's time to pass the Clarity Act,” said Armstrong. Read more

Newly appointed company president Brett Redfearn briefly worked as Coinbase’s head of capital markets and served for more than three years at the SEC. Tokenization platform Securitize has named Brett Redfearn as president, with the former official at the US Securities and Exchange Commission (SEC) also joining its board of directors. Securitize’s Thursday notice said Redfearn previously served as the SEC’s director of its division of trading and markets, worked as Coinbase’s head of capital markets and held various roles over a decade spent at JPMorgan. He most recently has been a member of Securitize’s advisory board. Redfearn is the latest former government official who has moved into the crypto industry, highlighting questions about their roles overseeing digital assets while in office. Caroline Pham, who served as a commissioner and acting chair of the US Commodity Futures Trading Commission (CFTC), left the agency in December to join crypto payments infrastructure company MoonPay. Read more

A new Bitcoin–gold index highlights shifting views on crypto’s role as a store of value as correlations with equities increase and gold outperforms. MarketVector Indexes and Coinbase Asset Management have launched a new index tracking Bitcoin and tokenized gold, offering investors exposure to assets commonly associated with wealth preservation. The companies unveiled the Coinbase Store of Value Index on Thursday, which tracks Bitcoin (BTC) and Pax Gold (PAXG) — one of the largest gold-backed tokens. The index is designed as a benchmark combining digital assets with traditional store-of-value instruments. Bitcoin and gold are weighted using an inverse volatility model, meaning lower-volatility assets receive a higher allocation. Read more

The approval puts Coinbase under Australia’s financial rules as the country formalizes oversight of crypto platforms. Coinbase is planning to expand its offerings in Australia to include derivatives, equities and payments after securing an Australian financial services license (AFSL). John O'Loghlen, regional managing director for APAC at Coinbase, said the Australian financial services license (AFSL) will see the exchange initially offer crypto and equity perpetuals but will open the door for futures, options and other traditional financial products. “We’re going to compete with traditional financial services on stock trading, payments and other TradFi products with the speed and execution of crypto,” O'Loghlen said. Read more

The Independent Community Bankers of America warns Coinbase’s trust charter falls short of regulatory standards and could pose risks to consumers and the financial system. The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, profitability and resolution planning, and argued the OCC lacks statutory authority to expand trust powers for crypto-related activities without applying the full set of banking regulations. The group said the decision reflects a broader trend of nonbank entities seeking access to the benefits of bank charters without meeting the same regulatory requirements. It wrote: Read more