RT Timmy Shen (@timmyhmshen)India's antitrust watchdog has approved @coinbase 's minority stake in CoinDCX, giving the U.S. exchange a bigger foothold in one of the world's fastest-growing crypto markets.Read full story @TheBlock__ ...

ARK Invest added a further $25.4 million of crypto stocks on Wednesday as the shares slid along with the price of major cryptocurrencies. Cathie Wood's investment management firm bought 360,232 shares in ether (ETH) treasury company Bitmine Immersion Technologies (BMNR), worth $10.6 million at the close. BMNR fell over 6.5% to $29.32 on Wednesday. ARK also added $8.85 million worth of shares of crypto exchange Bullish (BLSH) and $5.91 million worth of Coinbase (COIN). Bullish fell 1.93% to $42.15 and CO ...

American cryptocurrency exchange Coinbase Global Inc. has planned out a suite of activities and expansion for the coming year. Going forward, it is looking to take a strong position in sectors like prediction markets, robo-advisers, and custom stablecoins. This reflects the firm’s interest in businesses beyond crypto. Coinbase Competes with Robinhood and eToro During its year-end System Update Conference, Coinbase announced a list of new offerings that it plans to get engaged in. The exchange said it i ...

加密货币交易所Coinbase(COIN.US)盘前涨2.2%，报249.5美元。消息面上，Coinbase宣布，正推出一系 列重大新产品，旨在将Coinbase打造为"一站式金融 App"。平台的业务将扩展至股票、更高级的交易工 具以及预测市场，同时加倍投入其链上生态系统，并为企业、开发者和自动化金融引导提供新工具。 (格隆汇) ...

Coinbase has received regulatory approval from India’s Competition Commission to acquire a minority stake in CoinDCX valued at $2.45 billion, marking a crucial milestone in the US exchange’s expansion into one of Asia’s fastest-growing crypto markets. The clearance follows months of regulatory review and deepens Coinbase’s partnership with India’s largest digital asset platform. Chief Legal Officer Paul Grewal called the approval an “important regulatory milestone” that strengthens Coinbase’s long-term ...

Core Insights - Coinbase has announced a significant expansion into stock trading and event-based prediction markets, raising concerns within the crypto community about the industry's health as major token prices decline [1][8] - The launch is perceived by some commentators as a defensive strategy rather than a sign of organic growth, indicating potential challenges for the crypto sector [2][5] Coinbase's New Offerings - Coinbase has initiated commission-free stock trading for U.S. users, allowing them to buy and sell equities and exchange-traded funds directly within the main app [3] - Users can manage both stock and crypto positions side by side and trade outside standard market hours [3] - The platform has also introduced event-based prediction markets, enabling users to bet on outcomes of real-world events, with initial contracts linked to markets operated by Kalshi [4] Community Reaction - The response from the crypto community has been mixed, with some viewing the announcement as a troubling sign for the sector, suggesting that the pivot to stocks indicates a lack of confidence in crypto [5][6] - Some traders expressed concerns that the new offerings might divert demand away from crypto trading [6] Market Context - The overall crypto market has experienced a significant decline, with prices falling over 30% from their all-time high, which peaked at approximately $4.27 trillion on October 6 [9] - Analysts warn that if selling pressure continues, total crypto market capitalization could approach critical support levels [8]

Core Viewpoint - Coinbase aims to enhance its policy influence outside the U.S. by appointing former UK Chancellor George Osborne to lead its internal advisory committee [1] Group 1: Appointment Details - George Osborne will join Coinbase as an advisor in January 2024 [1] - He will be based in London and will actively assist the company in communicating with global policymakers [1] Group 2: Additional Roles - Osborne has also been appointed by OpenAI to oversee the expansion of overseas data centers [1]

Group 1 - The article provides a market analysis of Coinbase Global Inc., focusing on its performance and market trends in the cryptocurrency sector [1] - Coinbase has experienced fluctuations in trading volumes, which are closely tied to the overall market sentiment and regulatory developments [1] - The analysis highlights the competitive landscape, noting that Coinbase faces challenges from other cryptocurrency exchanges and emerging technologies [1] Group 2 - The financial performance of Coinbase is examined, with specific attention to revenue growth and profitability metrics [1] - The article discusses the impact of macroeconomic factors, such as interest rates and inflation, on the cryptocurrency market and Coinbase's operations [1] - Future outlook for Coinbase is addressed, considering potential regulatory changes and market adoption of cryptocurrencies [1]

India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX, allowing the U.S.-based exchange to deepen its exposure to one of the world’s fastest-growing crypto markets. The Competition Commission of India (CCI) cleared the transaction on Wednesday, giving Coinbase the green light to invest in DCX Global Limited, the parent company of CoinDCX. Coinbase has been an investor in CoinDCX since 2020. The latest capital infusion signals a renewed commitment to India afte ...

Stablecoin Initiatives - Coinbase launches Custom Stablecoins, allowing partners to issue branded stablecoins [1]