The German offshoot of American cryptocurrency trading firm, Coinbase Global Inc has been ordered by the Federal Financial Supervisory Authority known as BaFin to ensure it achieves a proper business ...
Tag: Coinbase
Coinbase Germany Warned Of Business Violations By BaFin
Coinbase Germany Violations News Updates: Germany’s Federal Financial Supervisory Authority (BaFin) ordered Coinbase’s unit in Germany to ensure proper business organization. Germany’s BaFin said it f...
Coinbase Germany ordered to address risk management by BaFin
Germany’s financial supervisor, BaFin, has ordered the German branch of crypto exchange giant Coinbase to “ensure proper business organization,” the regulator wrote in an official statement published ...
Crypto Exchange Coinbase Germany Ordered by Regulator to Tackle “Organizational Deficiencies”
The Federal Financial Supervisory Authority, known as BaFin, said Coinbase Germany was in violation of standards set by the German Banking Act. The announcement referenced Section 25a (1) of the Act, ...
256M Dogecoin Moves To Binance and Coinbase As Musk Twitter Takeover Effect Continues to Fade
– Advertisement – Large amounts of Dogecoin are being sent to cryptocurrency exchanges. Cryptocurrency Whales Move Nearly 256M Dogecoin (DOGE) to Binance and Coinbase Despite Elon Musk’s...
Coinbase Facing Losses In Its Third Quarter Earnings Report
The United States’ largest cryptocurrency exchange platform, Coinbase, announced its third quarter earnings, which show a decline in the profits. Due to weak market conditions and lawsuits filed again...
New Ethereum-Based Altcoin Set for Imminent Launch Earns Big Boost From Coinbase
Top US crypto exchange Coinbase has added a new token to its list of altcoins that may appear on its roster of tradable digital assets. Announcing via Twitter, Coinbase says it’s adding Hashflow Token...
Coinbase CEO Criticizes Singapore For Tightening Regulations On Retail Trading
Recently, the CEO of Coinbase, Brian Armstrong, attended the Singapore Fintech Festival (SFF) 2022 event. On this occasion, he stated that regulation can protect retail users of the crypto assets whil...
Crypto earnings, the Fed and bitcoin back above $21,000
Crypto prices ticked up over the past seven days as some crypto-related stocks gained after earnings. Bitcoin was trading at $21,214 today, up about 2% over the past week, while ether gained 0....
Coinbase CEO Criticizes Singapore’s Aim to Become a Web3 Hub at Expense of Crypto Trading
While speaking at the Singapore FinTech Festival 2022 on November 3, the CEO of U.S.-based crypto exchange Coinbase, Brian Armstrong, raised concerns that Singapore wants to become a forward-looking r...
Coinbase Earnings Shows Uneven Growth in Ethereum, Solana and Cardano Staking
Coinbase has a ways to go before it becomes the “#1 staking provider.” The last time Coinbase reported quarterly earnings, in August, the company told shareholders it had prioritized development of it...
Coinbase Revenue Dips By Nearly 50% Amid Crypto Winter
The crypto market continues to express more decline in the value of most assets, especially Coinbase. Also, the intense bearish trend is creating tighter conditions for almost all firms. The overall e...
Layoffs sweep crypto as economic concerns mount; Dapper Labs, Bitmex among hardest hit
Crypto layoffs have continued into November. The industry faces not only an ongoing bear market marked by depressed digital asset prices, but also a tough macroeconomic environment where inflati...
Coinbase Profits Falls as The Crypto Market Prepares To Climb Up
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Coinbase Revenue Down 28% as Trading Volume Sinks Amid Brutal Bear Market
Coinbase reported net revenue of $576 million for the third quarter on Thursday, down 28% from $803 million the previous quarter. Transaction revenue fell 44% compared to the second quarter as fewer u...
Crypto Exchange Coinbase Draws Mixed Reaction on Wall Street After Weak Q3
“We believe the visibility of COIN generating positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in 2023 has increased, and its ability to diversify and generate...
MEXC and Coinbase Reach Partnership to Jointly Fulfil the Privacy and Security Obligations of Cryptocurrency Under the TRUST Framework – Press release Bitcoin News
press release PRESS RELEASE. On October 31st, the cryptocurrency trading platform MEXC announced that it had reached a cooperation with Coinbase to jointly fulfil the privacy and security obligations ...
Dow Jones Falls; Donald Trump Stock Up After Delay; Coinbase Earnings Miss, Bitcoin Rises
The Dow Jones Industrial Average fell as the stock market nursed a Fed meeting hangover. The Donald Trump SPAC Digital World Acquisition (DWAC) rose after a key vote was delayed. Bitcoin rose while Co...
Coinbase Deal Shows Google Is Committed to Crypto – How Much Depends on Whom You Ask
“This partnership has touched on several Coinbase businesses including Exchange, Commerce, Cloud Nodes, and Prime,” wrote Oppenheimer analyst Owen Lau on Oct. 11. “On the Exchange side, Coinbase acts ...
Coinbase, Block jump 12% following third quarter earnings
Coinbase and Block soared 12% a day after reporting third quarter earnings, outpacing gains by the S&P 500. Coinbase’s third-quarter results showed expenses fell to $1.1 billion from $...
Coinbase and Google Partner in the Name of Crypto Payments
Google – the king of search engines – is partnering with Coinbase – the king of digital currency exchanges – to allow customers to pay for cloud services with crypto assets like bitcoin, Dogecoin, Lit...
Coinbase Chief Product Officer Steps Down: ‘Time to Get Off the Ride’
Coinbase is losing one of its C-suite executives. Chief Product Officer Surojit Chatterjee is leaving his position at the crypto exchange, the executive shared Wednesday. In a Linkedin post, Chatterje...
Coinbase Released Q3- Revenue Report! Here’s What the Exchange Holds
Coinbase Global Inc. (NASDAQ: COIN) released its third-quarter 2022 earnings results on Thursday. According to a letter to shareholders, the company reported mixed earnings results for the third quart...
Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023
For 2022, Coinbase said it remains “cautiously optimistic” that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption th...
Coinbase Witnesses a Third-Quarter Loss as Volumes Fall
2 hours ago | 2 mins read Editors News Coinbase’s transaction revenue has decreased by 44% from the second quarter. Transaction revenue had dropped from $655.2M in the second quarter to $365.9M. Coinb...
Coinbase Is Bidding Farewell To Its Chief Product Officer
Coinbase was among the crypto companies that downsized its manpower this year due to prolonged bearish market trend and recession. It can be recalled that sometime in June, Chief Executive Officer (CE...
Little-Known Altcoin Erupts 244% After Receiving Surprise Boost From Crypto Giant Coinbase
The price of a Solana (SOL)-based crypto asset is surging after getting support from US-based digital asset exchange Coinbase. Coinbase says its customers can now trade the altcoins Marinade (MNDE) an...
Coinbase Releases Third Quarter 2022 Shareholder Letter
REMOTE FIRST COMPANY/LOS ANGELES–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today the release of its third quarter 2022 shareholder letter. The letter, including the...
Coinbase Revenue Slumps 50% as Bear Market Bites Deeper
On Nov. 3, Coinbase Inc. had its third-quarter earnings call, reporting that revenue had missed analysts’ expectations. Company revenue plunged more than 50% from the previous year earlier as trading ...
Coinbase 1.5% APY on USDC Can’t Keep Up With Traditional Banks
Coinbase customers can earn 1.5% APY (Annual Percentage Yield) by holding USDC coins. But, traditional banks offer better yields than Coinbase without regulatory concerns. Coinbase, one of the largest...
Analysis of Coinbase’s Q3’22 Earnings
November 4, 2022, 3:03AM EDT • 4 min read Quick Take Coinbase generated $576mm net revenue, ($545)mm net loss, and ($116)mm Adjusted EBITDA The company also reported $159bn quarterly trading volume an...