Tag Archives: coinbase

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing […]

CoinMarketCap Metric Overhaul Keeps Owner Binance at the Top

CoinMarketCap Metric Overhaul Keeps Owner Binance at the Top

CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April – a perfect score. “Six weeks in and Binance’s acquisition of CoinMarketCap [is] already being abused to manipulate the rankings,” tweeted an irate Mati Greenspan at the time. Well, the price site […]

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In a blog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It means that 60% of BTC […]

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase, the San Francisco-based cryptocurrency exchange, has been made a Visa principal member. Announcing the news on its blog Wednesday, the firm said the news marks it as the “first pure-play crypto company” to be approved by the credit card giant. Coinbase has been working with Visa since 2019 when it launched its Coinbase Card in the UK. The […]

Winklevoss-Led Gemini Exchange Now Has Its Own Insurance Company

Winklevoss-Led Gemini Exchange Now Has Its Own Insurance Company

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit. Announced Thursday, the captive insurer will provide coverage for customers of Gemini Custody, the crypto cold storage […]

Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

The Crypto Ratings Council (CRC), the Coinbase-led organization hoping to create a standard for assessing whether different cryptocurrencies are securities under U.S. law, is adding new members. The group announced Thursday that eToro, Radar and OKCoin US have joined the aspiring self-regulatory group looking to streamline how exchanges assess whether a cryptocurrency is a security. The […]

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Following a limited launch last autumn, Fidelity Digital Assets is going all out in the hunt for institutional investors looking into cryptocurrency trading and custody solutions. Up until now, the platform was available only to select few investors on a trial basis. Among other perks, Fidelity’s cryptocurrency-focused services are expected to make it easier for […]

Coinbase Is in Talks to Launch Its Own Insurance Company

Coinbase Is in Talks to Launch Its Own Insurance Company

Cryptocurrency exchange Coinbase is in talks to set up its own regulated insurance company with the help of insurance broker giant Aon, industry sources told CoinDesk. Establishing “captive” insurance subsidiaries, wholly owned by the firm being insured, is a time-honored way for corporations to reduce costs and improve access to reinsurance markets (a form of […]

Barclays Is No Longer Banking Coinbase

Barclays Is No Longer Banking Coinbase

The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacement in U.K. upstart Clearbank, according to people familiar with the situation, the change has indirectly inconvenienced the exchange’s users. That’s because, aside from […]