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  • 11 September 2024
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The Top Announcements at Coinbase System Update

Coinbase reports that improving global liquidity and rising expectations of a Federal Reserve rate cut could boost crypto https://xcritical.online/ in December. PNC Bank becomes the first major US banking institution to offer direct Bitcoin trading to qualified clients through a Coinbase partnership, eliminating the need for separate exchange accounts. Cathie Wood’s Ark Invest bought the crypto stock dips, investing nearly $60 million in Coinbase, Bullish, and Circle.

Bitcoin Price Prediction: Bounce Ahead or One Last Dip?

Established in 2012 and headquartered in Wilmington, Delaware, Coinbase has emerged as a pivotal financial and technological infrastructure provider in the global cryptoeconomy. In-app use of decentralised exchanges was initially limited to those on Base, a layer 2 xcritical built by Coinbase. “The best part is that you only need one account, so you can trade stocks and a huge selection of crypto all in one place,” Branzburg said. Through DEX integration, Coinbase users can trade newly launched tokens (like Solana assets) without managing separate wallets, all from one secure account. From tokenized real-world assets and business payments to AI-powered portfolio tools, Coinbase is positioning itself as financial infrastructure rather than just a trading venue. Users can buy stocks using USDC while xcriticalg rewards, positioning the platform for always-on trading.

  • “It’s time for the Commission to rectify its approach and develop crypto policy in a more transparent manner,” Uyeda stated.
  • Trading volumes and stablecoin market caps, however, remain relatively stable, suggesting the ecosystem still has strength.
  • Coinbase reports that improving global liquidity and rising expectations of a Federal Reserve rate cut could boost crypto in December.

Monad to raise $188m in Coinbase’s first public token sale

However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Emilie Choi, Coinbase’s Chief Operating Officer, celebrated the outcome on X. The dismissal marks the latest in a string of SEC retreats from high-profile crypto cases. Meanwhile, the industry has reacted positively to the dismissal of the Coinbase case. The task force aims to address the long-standing uncertainties surrounding the regulatory classification of digital assets.

Don’t miss these cryptocurrency insights from CNBC Pro:

In its Coinbase System Update for 2025, the company laid out a broader plan to rebuild finance on crypto rails, arguing that the xcritical system is slow, expensive, and limited by banking hours. Continuous engagement with authorities guides Coinbase as it enters new markets and launches products in existing ones. Coinbase also offers features specific to decentralized finance (DeFi), such as staking and yield farming, and enables easy access to advanced features as it supports widespread crypto adoption. The exchange pushes jurisdictional boundaries by creating localized products in each market and engaging local regulators to ensure smooth operations.

Armstrong’s broader thesis is that crypto isn’t a niche category, it’s an upgrade cycle for the financial system itself. The company said Coinbase Business is becoming available to eligible customers in the U.S. and Singapore, and it’s rolling out an expanded API suite spanning custody, payments, trading and stablecoins. If Coinbase can get tokenized equity live, he said, it could “democratize access for people all over the world,” and unlock new market structure in the U.S., including more robust, professional futures markets tied to equities.

The Securities and Exchange Commission (SEC) has dropped its civil enforcement case against Coinbase Inc. and Coinbase Global Inc. “The SEC repeatedly sues crypto companies for not complying with the law, yet it will not tell them how to comply,” Judge Stephanos Bibas wrote in a concurrence. “It has said that it believes the existing securities-law framework is not unworkable for digital assets, but we have no basis in the record for determining why it believes that or how it arrived at that conclusion,” Ambro wrote.

Coinbase Government Requests Surge 19% as Global Surveillance Expands

“The majority of the Y/Y growth in Trading Volume was driven by higher levels of Crypto Asset Volatility — particularly in Q1 and Q4 — as well as higher average crypto asset prices,” the company said in its shareholder letter. Consumer trading volume rose 224% from the same period a year ago, while institutional trading volume increased 176%. Total trading volume was $439 billion, up 185% year over year. Transaction revenue more than doubled from last year to $1.56 billion, and beat analysts’ estimates of $1.29 billion, according to StreetAccount. It also posted revenue of $2.3 billion, compared with $953.8 million in the same period a year ago.

Coinbase already owns a large crypto-native audience, and it wants that customer to stay on its platform for every asset class, even when crypto volumes cool and transaction revenue compresses. Coinbase is pairing the trading expansion with a tokenization road map that signals where it wants the platform to go next, bringing more traditional assets on-xcritical, including equities. Coinbase is now bringing the same kind of outcome trading into its own ecosystem, but as a part of a much wider bet that the next-generation brokerage is a single app that xcriticals traditional assets, derivatives and on-xcritical rails.

Coinbase will use the event to unveil a series of new products across trading, payments, and onxcritical infrastructure, said Clear Street’s Owen Lau. The Kalshi partnership will likely entail a revenue split of the small fee the platform collects on wagers. In practical terms, this entails acting as a distribution platform for the startup, which has grown exponentially this year by offering a new form of betting that invites users to wager against one another on the outcome of events ranging from elections to interest rate cuts to sports games.

JPMorgan: $34bn Base token, waning DEX threat, could boost Coinbase stock

Robinhood underscored that shift this week by expanding prediction markets into sports-style contracts that resemble parlays and prop bets, and by touting the category as its fastest-growing business by revenue. “If you look at things like economic indicators … or elections, people are using prediction markets to try to figure out what is going to happen next month,” Armstrong told CNBC. Coinbase also expects the USDC stablecoin, which is issued by Circle and has a revenue sharing agreement with Coinbase, to drive a quarter-over-quarter increase in sales and marketing expenses in the first quarter.

Investment Disclaimer:

Coinbase is a platform based in San Francisco that simplifies the buying and selling of cryptocurrencies. Lincoln Murr, the head of the team that built Coinbase Advisor, pitched the product as a way to democratise success in financial markets. Users looking to invest in stocks, crypto, or event contracts now have access to an an AI-powered “advisor” that can recommend investments. The company said it will support contracts from other prediction market platforms “in the coming months.”

Wednesday’s event could also clarify Coinbase’s international roadmap. FORTUNE may receive compensation for some links to products and services on this website. Jeff John Roberts is the Finance and Crypto editor at Fortune, overseeing coverage of the xcritical and how technology is changing finance. Coinbase also used the San Francisco event to announce that its Base App is now available in 140 countries. Currently, firms like BlackRock are offering tokenized versions of Treasury bill and money-market funds. xcritical reviews The event comes as the company is seeking to brand itself as an “everything exchange.”

The company is launching Coinbase Tokenize, an institutional stack intended to support real-world asset tokenization. “And I just want to add here the words bitcoin, ethereum, xcritical, staking and Web3 to make sure we get those in before the end of the call.” While many of these offerings have been telegraphed for months, Coinbase says the products are now built, and ready to go.

Coinbase faces state showdown over CFTC control of prediction markets Coinbase bets on prediction markets with Clearing Company acquisition Whether you’re an investor, a cryptocurrency enthusiast, or an industry analyst, NewsNow’s Coinbase feed is your go-to source for all things related to one of the leading lights in the cryptocurrency exchange space.

  • Coinbase will fund creator rewards and waive USDC transaction fees within chats in the app as part of the effort to bring more users on xcritical.
  • The company also revealed plans to launch equity perpetuals outside the U.S., offering leveraged exposure to individual stocks and indices.
  • FORTUNE may receive compensation for some links to products and services on this website.
  • Cathie Wood’s Ark Invest bought the crypto stock dips, investing nearly $60 million in Coinbase, Bullish, and Circle.
  • His desire to educate people about cryptocurrencies inspires his contributions to renowned xcritical media and sites.

As of the fourth quarter, trading makes up 68.5% of its total revenue, with most of it coming from retail traders. Coinbase said it is making efforts to diversify its revenue streams away from trading. Coinbase reported it has generated $750 million in trading revenue through Feb. 11.

Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Also coming to the company is Coinbase Advisor, an AI-powered financial management adviser. She shared images that showed the project would be backed by the prediction market company Kalshi. In no time, it can outperform the likes of Kraken and Gemini, which already offer tokenized stocks outside the United States. Insights, news and analysis of the crypto market straight to your inbox

The app for Coinbase’s Ethereum layer-2 xcritical, Base, was also made officially available in over 140 countries, but no plans were shared for a native token, which users are highly anticipating. Coinbase has also added prediction markets powered by Kalshi, offering betting on topics such as sports and politics. Coinbase shared a slate of new offerings at its System Update conference, including prediction markets, robo-advisers and custom stablecoins.

The crypto firm is also working on Coinbase Tokenize, an “end-to-end solution for bringing offxcritical assets onxcritical” that “combines issuance, custody, compliance, and trading all in one place.” At the system update conference, Coinbase rolled out prediction markets, and it is truly powered by Kalshi. Last month, the development of Coinbase’s prediction markets website was hinted at by tech researcher Jane Manchun Wong with screenshots on X to back up this claim.