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Coinbase and GenTwo Digital announce partnership for custody and execution

indie
4 minutes

ZURICH, SWITZERLAND, Jan 16, 2023 - (ACN Newswire via SEAPRWire.com) - GenTwo Digital, the Zug-based subsidiary of GenTwo AG, today announces a partnership with Coinbase, the publicly-listed cryptocurrency platform. GenTwo Digital, the leading provider of innovative securitization platforms is herewith extending the investment universe on digital assets for professional investors. This allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue innovative certificates such AMC's (Actively Management Certificates). Any financial intermediary can create white labelled investment products in collaboration with GenTwo Digital and execute via Coinbase's platform. Lucas A. Ereth, Managing Partner, GenTwo DigitalLucas A. Ereth, Managing Partner GenTwo Digital, says: "Through this partnership, GenTwo and Coinbase are not only providing a secure institutional gateway to crypto assets, but also helping GenTwo to fulfil our mission of expanding the investment universe, while creating a more open financial system for the world."Coinbase is the leading online platform for buying, selling, transferring, and storing crypt...

ACN Newswire
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Finxflo Offers Its Customers More Options with Coinbase

indie
2 minutes

SINGAPORE, Apr 29, 2021 - (ACN Newswire via SEAPRWire.com) - As the world's first hybrid liquidity aggregator, Finxflo aims to facilitate greater liquidity with leading exchanges and protocols to create a market environment more conducive to trading. Continuing their efforts to bring key players onto a common platform, Finxflo has added Coinbase Institutional to its roster of liquidity providers.Coinbase is an online platform that allows merchants, consumers, and traders to conduct transactions with digital currency. It allows users to create their own cryptocurrency wallets, and start buying or selling cryptocurriencies by connecting with their bank accounts. Finxflo customers will be able to access Coinbase for their investments. Coinbase also works at an institutional level, whereby it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.Trading volumes greatly influence liquidity in the cryptocurrency market. Coinbase offers over 50 assets and over 150 trading pairs, with the most active one being BTC/USD. The platform was launched in 2012 with a mission to create an open financial system for the world.W...

SeaPRwire
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XRP cryptocurrency tumbles as Coinbase exchange moves to suspend trading

elean
2 minutes

LONDON (REUTERS) - Cryptocurrency XRP slumped 19 per cent on Tuesday (Dec 29) after Coinbase, a major US virtual coin exchange, said it would suspend trading in the digital currency. California-based Coinbase said on Monday it would suspend trading in XRP after the US Securities and Exchange Commission (SEC) last week charged an associated blockchain firm, Ripple, with conducting a US$1.3 billion unregistered securities offering. Ripple has rejected the charges, saying XRP is a currency and does not need to be registered as an investment contract. XRP, the third-biggest cryptocurrency, was last down 18.7 per cent at an intra-day low of US$0.20, its lowest since July. It has slumped by over half since the SEC move. The move by Coinbase comes as it prepares for a stock market listing, with a confidential application to the SEC to go public. It would be the first major US crypto exchange to list on the stock market. Coinbase, one of the most well-known cryptocurrency platforms, said trading in XRP moved into limit only from Monday, and would be fully suspended on Jan 19. Financial regulators around the globe are still grappling with how to regulate bitcoin, XRP and rival cryptocurrenc...

SeaPRwire
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Coinbase to suspend trading in XRP after US suit against Ripple

elean
1 minute

BENGALURU (REUTERS) - Cryptocurrency exchange Coinbase said on Monday (Dec 28) it would suspend trading in cryptocurrency XRP after US regulators last week charged associated blockchain firm Ripple with conducting a US$1.3 billion (S$1.7 billion) unregistered securities offering. The move by San Francisco-based Coinbase comes as the firm is preparing for a stock market listing and has confidentially applied with the US Securities and Exchange Commission to go public. It would be the first major US crypto exchange to list on the stock market. Coinbase said trading in XRP moved into limit only from 2:30pm Pacific time on Monday, and would be fully suspended on Jan 19 at 10am. The SEC has charged two Ripple executives for personal gains they received from the offering. Ripple created and sold XRP, the third-biggest cryptocurrency by market value. Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries. More on this topic Related Story Cryptocurrency exchange Coinbase files for IPO as Bitcoin soars past US$23,000 Related Story Booming crypto market a potential haven for money laundering: Stu...

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Cryptocurrency exchange Coinbase files for IPO as Bitcoin soars past US$23,000

elean
4 minutes

SAN FRANCISCO (BLOOMBERG) - Coinbase Global, the biggest US cryptocurrency exchange, said it has filed confidentially with the Securities and Exchange Commission to go public in what's anticipated to be a breakthrough moment for the industry. The San Francisco-based company said in a statement that it expects its draft registration filing to become effective after the SEC completes its review process. The company didn't provide further details of its listing plans and a representative declined to comment beyond the announcement. Coinbase was valued at more than US$8 billion (S$10.6 billion) in 2018 after a US$300 million funding round led by Tiger Global Management. The company, started in 2012, has raised more than US$500 million from backers that also include Andreessen Horowitz, Y Combinator and Greylock Partners, according to its website. Coinbase said it has has more than 35 million verified users in more than 100 countries and more than US$25 billion in assets on its platform. Kyle Samani, co-founder of MultiCoin Capital, said he expects Coinbase going public to be a "huge event" for the industry. "It is a watershed moment for the asset class, both as a form of legitimisation...

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Bitcoin mania is back in flashback to 2017 as cryptocurrency tops US$19,000

elean
4 minutes

NEW YORK (BLOOMBERG) - Celebrity endorsements, exchange outages, rafts of new trading accounts - Bitcoin mania is back. In a flashback to the frenzied run-up to Thanksgiving 2017, retail traders are piling into cryptocurrencies and driving prices back toward all-time highs. The number of first-time buyers is on course to eclipse December 2017, EToro, an Israeli-British firm, said. Bitcoin trades per day are 81 per cent greater than the rest of 2020 combined. Google searches for "coinbase," the crypto exchange, reached the highest level in at least a year, according to Google Trends. And crypto Twitter hasn't been this giddy in a long time. A quick tour through various hashtags yields a wealth of frothy posts. There's the GIF of a beaming waitress serving up glasses of champagne. "We bout to be rich," goes the tweet. Another fan charts Bitcoin's performance since 2017 and says, "...and here we are again." "Nothing like a pre-Thanksgiving Bitcoin run," said Catherine Coley, CEO of Binance.US. Bitcoin climbed within US$100 of its all-time high after surpassing US$19,000 (S$25,495) for the first time since 2017. It's now up more than 40 per cent in November alone and has more than doub...