Coinbase is pressuring lawmakers to preserve its ability to pay users rewards for holding stablecoins, as Congress prepares to move forward on a sweeping crypto bill. The Senate is set to mark up the U.S. crypto market-structure bill this week, but language targeting yield-bearing stablecoin accounts has emerged as a sticking point. If the bill goes beyond disclosure requirements and restricts non-bank firms like the Nasdaq-listed crypto exchange Coinbase from offering rewards, the company may pull its ...

查看最新行情 文章来源：智通财经 Coinbase（COIN.US）正持续向美国议员施压，力图保留其向稳定币持仓用户发放奖励的权限——该公 司担忧，若当前审议的几项限制性条款被纳入定于周一公布的重要加密货币法案，这项业务将面临严重 威胁。 据知情人士透露，若这家美国最大加密交易所认定，定于周四在参议院至少一个委员会进入修订审议阶 段的《数字资产市场结构法案》，在奖励相关条款中包含超出强化披露要求的任何内容，该交易所将可 能重新评估是否继续支持该法案。 据了解，Coinbase 把用户留在平台上的美元稳定币（USDC）拿去生息，再把一部分利息以"奖励"名义 分给用户。对此，银行担心这等于"高息揽储"，却不受存款准备金、FDIC 保险等约束；Coinbase 则坚 称这只是"营销奖励"，不是"存款利息"。法案如果把它定义为"存款"或禁止第三方发息，Coinbase 的这 块稳定币利息收入就会被一刀砍掉。 Coinbase 对此未回应置评请求。 据业内人士透露，当前酝酿中的监管方案拟将奖励发放权限严格限定于受监管金融机构。对此，银行业 部分人士表示支持，认为具备利息收益的稳定币账户可能分流传统银行存款规模。 值得注 ...

据知情人士透露，若这家美国最大加密交易所认定，定于周四在参议院至少一个委员会进入修订审议阶 段的《数字资产市场结构法案》，在奖励相关条款中包含超出强化披露要求的任何内容，该交易所将可 能重新评估是否继续支持该法案。 据了解，Coinbase 把用户留在平台上的美元稳定币(USDC)拿去生息，再把一部分利息以"奖励"名义分 给用户。对此，银行担心这等于"高息揽储"，却不受存款准备金、FDIC 保险等约束;Coinbase 则坚称这 只是"营销奖励"，不是"存款利息"。法案如果把它定义为"存款"或禁止第三方发息，Coinbase 的这块稳 定币利息收入就会被一刀砍掉。 智通财经APP获悉，Coinbase(COIN.US)正持续向美国议员施压，力图保留其向稳定币持仓用户发放奖 励的权限——该公司担忧，若当前审议的几项限制性条款被纳入定于周一公布的重要加密货币法案，这 项业务将面临严重威胁。 尽管白宫希望法案快速落地，稳定币奖励争议却侵蚀了市场结构法案的两党支持度。Coinbase 警告可能 撤回流票，凸显紧张局势升级，或导致法案审议拖延——甚至令立法今年彻底泡汤。彭博情报分析师 Nathan Dean 表示，由于 ...

Airdrop 2 of Round 3 for @Coinbase One members is now complete 🪂Congrats to all eligible users, and thanks for participating. See you in the next one.PancakeSwap (@PancakeSwap):🐰 Round 3 is here! PancakeSwap is extending onchain benefits for @Coinbase One members, with membership starting at just $4.99/month.Starting Oct 23, Coinbase One members can earn a share of $1,000 in CAKE airdrop every month by trading $100+ on Base, BNB Chain, or Arbitrum https://t.co/Dvr6FkJ7wE ...

格隆汇12月12日｜加密交易所Coinbase证实，将停止向非付费用户支付USDC奖励，只有Coinbase One 高级订阅用户才有资格从其持有的稳定币中获得4%的收益。该变更将于12月15日生效。 ...

Not all Coinbase users will be able to earn rewards on USDC holdings, as the exchange moves to make it a feature for Coinbase One members. https://t.co/WUvUdjNJMK ...

Crypto exchange Coinbase will stop paying USDC rewards to non-paying customers next week, confirming to Decrypt on Thursday that only Coinbase One premium subscribers will be eligible to earn 4% on their stablecoin holdings. The exchange first made the announcement in an email sent to Coinbase customers on Thursday, saying the change will take effect on December 15. A Coinbase spokesperson confirmed that USDC rewards are now a member-exclusive benefit of Coinbase One. "Coinbase One allows you to earn 10x ...

Summary of Coinbase Global Conference Call (December 09, 2025) Industry Overview - **Industry**: Cryptocurrency and Digital Assets - **Company**: Coinbase Global (NasdaqGS:COIN) Key Points and Arguments Regulatory Environment - The regulatory landscape is evolving with the introduction of the Genius Act, which has provided market rules around stablecoins, leading to increased market activity in this area [5][6] - The Clarity Act, also known as the Market Structure Act, aims to clarify asset taxonomy and delineate regulatory oversight between the SEC and CFTC, fostering innovation in the U.S. crypto market [5][6][7] - Bipartisan support for regulatory clarity is noted, with optimism for progress in early 2026 [7] Market Activity and Performance - A significant sell-off in the crypto market has been observed, with industry trading volumes down 27% quarter-to-date annualized, compared to a 25% decline in the first three quarters of the year [8][9] - Coinbase maintained operational stability during market volatility, highlighting effective risk management and robust controls [9][10] Competitive Landscape - The competitive environment for retail trading has intensified, with more fintech and traditional financial services entering the crypto space [12][13] - Despite increased competition, Coinbase remains confident in its diverse product offerings and customer trust, which are key factors for consumer choice [15][16] Revenue Diversification - Coinbase has focused on diversifying revenue streams, with non-trading revenue growing significantly from 4% of total revenue at IPO to over 50% in some quarters [17] - The company is actively expanding its subscription and services revenue, particularly in staking, lending, and digital asset treasuries [28][30] Derivatives and Product Integration - The integration of Deribit is expected to enhance Coinbase's derivatives trading capabilities, with plans to offer a unified interface for spot, futures, and options trading [20][21] - The company is optimistic about the growth potential of derivatives, particularly in the U.S. market [25] Staking and New Opportunities - Staking has become a $700 million business for Coinbase, with opportunities for further growth as new blockchains and regulatory approvals emerge [28][29] - The company is also exploring the potential of tokenized equities, although regulatory clarity is still needed [49][50] Base Layer 2 Protocol - The Base protocol aims to provide a fast, low-cost infrastructure for transactions, with over $15 billion of USDC already on the platform [33][34] - Coinbase is focused on reducing transaction fees to encourage adoption and increase volume, similar to the evolution of texting services [34][35] Future Outlook - Coinbase anticipates a transformative 2026, with expanded product offerings and continued regulatory clarity [57][58] - The integration of AI and crypto is seen as a significant opportunity for efficiency and innovation [58][59] Upcoming Developments - A product announcement event is scheduled for December 17, 2025, where Coinbase will unveil new asset categories and updates to its platform [51] Additional Important Insights - The Coinbase Card is viewed as a customer acquisition tool, offering unique Bitcoin rewards and driving engagement on the platform [45][46] - The company is committed to customer-led initiatives, aiming to list safe and legal assets while adapting to market demands [39][40] This summary encapsulates the key discussions and insights from the Coinbase Global conference call, highlighting the company's strategic direction, market dynamics, and future opportunities in the cryptocurrency space.

Airdrop #1 for Round 3 completed ✅Congrats to the qualifying @Coinbase One members. See you in the next drop 🥞PancakeSwap (Monad arc) (@PancakeSwap):🐰 Round 3 is here! PancakeSwap is extending onchain benefits for @Coinbase One members, with membership starting at just $4.99/month.Starting Oct 23, Coinbase One members can earn a share of $1,000 in CAKE airdrop every month by trading $100+ on Base, BNB Chain, or Arbitrum https://t.co/Dvr6FkJ7wE ...

Legal stuff:Coinbase One members get early access to instant unstaking (available for a small fee) and earn extra 5-15% staking rewards.Available for members in these countries: US (excluding CA, MD, NJ, WI), UK, CA, DE, and FRInstant unstaking will become available to all Coinbase customers next month. Staking is not available in all regions. ...