Coinbase Earn Now Available to the Public in Over 100 Countries

Major crypto platform Coinbase has opened its Coinbase Earn program to the public in over 100 countries, according to a press release on May 17. As Cointelegraph reported, Coinbase first announced the program at the end of 2018 as an invite-only initiative. This pilot period let users earn cryptocurrency by learning about the ERC-20 token “0x” (ZRX). Coinbase stated that according to a survey they conducted, uninformed users were reluctant to invest in crypto but were eager to learn: “…one of the biggest barriers preventing people from exploring a new…

Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business

American major cryptocurrency exchange Coinbase is reportedly negotiating the acquisition of the bitcoin (BTC) custody business of cryptocurrency wallet provider Xapo, technology-focused media outlet the Block reported on May 16. Sources familiar with the matter reportedly told the Block that Coinbase has been vying with the digital currency wing of United States financial services giant Fidelity, Fidelity Digital Assets, for Xapo over the past several weeks to advance its custody business. Following the closure of the deal, Coinbase will reportedly pay about $50 million in cash to Xapo, with a…

Coinbase Earn now allows users in 100+ countries to earn their share of $100M+ in cryptocurrency

Beginning today, users in more than 100 countries can start earning cryptocurrency by completing educational tasks at coinbase.com/earn. Introduced in 2018, Coinbase Earn enables Coinbase users to earn crypto for answering quizzes, completing tasks, and trying new decentralized protocols. Asset issuers likewise use Coinbase Earn to teach people how to use their new cryptocurrencies and blockchain projects. Earn opportunities are currently publicly available for Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX), with many more coming soon. As of today, we’re opening up Coinbase Earn to…

Coinbase CEO Teases Launch of Debit Card in the U.S.

Coinbase CEO Brian Armstrong has announced that the company is working on introducing its debit card to customers in the U.S. Armstrong’s announcement came in a live AMA session on YouTube on May 16, 2019, during which he fielded questions and touched on various topics such as community trust ratings for altcoins and fraud prevention. While he did confirm that the debit card is coming to U.S. customers, he didn’t divulge a specific release date. Last month, Coinbase launched the Coinbase Card, a Visa-based debit card which, according to the…

Coinbase Custody Has $1 Billion of Crypto Under Management

During an on-stage discussion at Consensus, Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, said that its custody service has already received $1 billion in crypto under management. Coindesk reported on Armstrong’s comments on Wednesday, May 15. Panel moderator and Wall Street Journal reporter Paul Vigna asked Armstrong about the perspectives of institutional investments in the crypto industry. In response, the Coinbase CEO provided an example of his own company, noting that Coinbase Custody managed to get $1 billion in assets under management in just 12 months after…

Coinbase Custody Now Has $1 Billion of Crypto Under Management, CEO Says

Coinbase CEO Brian Armstrong said the exchange’s custody service, Coinbase Custody, has $1 billion in assets under management (AUM) in just 12 months after launch. In an on-stage discussion at CoinDesk’s Consensus 2019 event on Wednesday, Armstrong was asked by panel moderator and Wall Street Journal reporter Paul Vigna about the status of institutional involvement in the cryptocurrency industry. Armstrong replied: “We launched our custody 12 months ago, we’ve just crossed $1 billion AUM or institutions, 70 institutions have signed up, adding about $150 million AUM a month, so, to a…

Facebook Onboards Two Former Coinbase Compliance Experts

Social networking giant Facebook has on-boarded two new compliance experts, who previously worked at United States major cryptocurrency exchange Coinbase. Mikheil Moucharrafie joined Facebook as compliance officer after almost four years of working at Coinbase. At the exchange, Moucharrafie held positions such as support analyst and quality assurance tester, anti-money laundering (AML)/bank secrecy investigator, compliance manager, and risk manager. Jeff Cartwright spent nearly five years at Coinbase as a compliance manager, head of internal audit, and director of regulatory risk and exams. Prior to joining Coinbase, Cartwright was involved in…

Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin…

Expanding USDC crypto trading globally – The Coinbase Blog

Coinbase now supports over 100 countries, adding trading between cryptocurrencies to 50 new countries; USDC stablecoin crypto trading now available in 85 countries Today we’re deepening our support for crypto-to-crypto trading globally by adding USD Coin (USDC) trading to customers in 85 countries on Coinbase and Coinbase Pro. We’re welcoming more people around the world to trade between different cryptocurrencies on a trusted platform. This helps accelerate the global adoption of crypto trading, and with USDC, enables access to a stable store of value. Stablecoins like USDC have a number…

Coinbase Rolls Out Trading in USDC Stablecoin to 85 Countries

Cryptocurrency exchange Coinbase is expanding trading in the dollar-pegged stablecoin USD Coin (USDC) to 85 nations worldwide. In a blog post Tuesday, the firm said it now offers crypto-to-crypto trading for USDC in those countries on both its retail site Coinbase.com and its Coinbase Pro service. The firm touted the strengths of the token in the post, saying it offers a stable store of value and can be sent “near-instantly” around the globe. “Unlike other cryptocurrencies, each USDC is backed by $1 USD with monthly transparency audits showing 100% USD backing,” Coinbase said. USDC…