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Coinbase Reports $1.4 Billion in Second-Quarter Revenue

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Coinbase reported $1.4 billion in total revenue in Q2 2024, marking a period of continued growth and progress in the cryptocurrency industry. The company’s earnings report said it also made progress toward regulatory clarity in the U.S., a key development for the broader crypto economy.Coinbase Reports Q2 2024 Earnings and Letter to Shareholders; Profits DipCoinbase’s…

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Coinbase Data Indicates Institutional Investors Are Buying Bitcoin Again

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Bitcoin price remains above $70,000 despite the long holiday weekend. The cryptocurrency market saw mostly moderate activity amid some economic events, including the release of US PCE inflation, which was slightly intense. The total crypto market volume in the last 24 hours has fallen by more than 15%. However, the difference in Coinbase’s premium indicates…

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Coinbase Sees Largest USDC Inflow Ever, What This Could Mean for Bitcoin

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On-chain data shows that Coinbase has just witnessed its largest inflow of US Dollar coins (USDC). Here’s why this might be relevant to Bitcoin. Coinbase Just Received $1.4 Billion in USDC As noted by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase over the past day. The…

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Bitcoin Coinbase Premium Soars: What It Says About $45,000 Breakout

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Data shows that the Bitcoin premium on Coinbase has soared amid the recent rally. Here’s what that says about the source of the increase. Bitcoin Coinbase Premium Spread Turned Extremely Positive As Maartunn, community manager of CryptoQuant Netherlands, points out in a new post The “Coinbase Premium Gap” is an indicator that tracks the difference…

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Coinbase and Big Crypto Firms Increase US Political Donations

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As regulatory scrutiny of the cryptocurrency market intensifies in Washington, cryptocurrency companies are significantly increasing their contributions to US politicians. Key players such as Nasdaq-listed exchange Coinbase, stablecoin operator Circle and a16z, the cryptocurrency investment arm of venture capital firm Andreessen Horowitz, are allocating more funds to support the election of pro-crypto lawmakers and influence…

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OKX Drives Web3 Evolution with Strategic Investments in India in Partnership with Polygon

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OKX, a global cryptocurrency exchange, will soon provide web3 services and experience across India. The company will focus on services and manage its operations with a three-pronged strategy. The company will make significant investments on three main fronts. This demonstrates OKX’s commitment to promoting innovation and development in the rapidly evolving blockchain space. OKX will…

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Coinbase Stock Hits 18-Month High After Binance Allegations

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The price rally comes after rival exchange Binance pleaded guilty and traders apparently priced Coinbase’s custody arrangements for a series of spot crypto ETFs. Shares of cryptocurrency exchange Coinbase (COIN) hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and violations of US sanctions. On…

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Kraken will suspend USDT, DAI, WBTC, WETH and WAXL operations in Canada

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Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH and WAXL in Canada in November and December, according to multiple customer emails shared with Cointelegraph. In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the assets on our platform to ensure we meet the…

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Coinbase Stock Closes Over 9% After Cboe Spots Bitcoin ETF Partnership

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Shares of Coinbase rose a significant 16% on Tuesday before settling up 9.87% following the announcement of a major surveillance exchange deal with Cboe’s BZX Exchange, marking a key development in the management of its security applications. Spot bitcoin ETF.On Tuesday, July 11, shares of Coinbase (COIN) soared as much as 16% to hit a…