Exchanges

Coinbase Reveals European Expansion Plan — Seeks Licenses in Spain, Italy, France, Netherlands

Coins Legend June 30, 2022 0

Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the Netherlands. Coinbase Expanding in Europe Coinbase Global Inc. (Nasdaq: COIN) is reportedly

News

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions

Coins Legend June 28, 2022 0

Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will […]

Regulation

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coins Legend June 26, 2022 0

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, […]

Exchanges

Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product

Coins Legend June 24, 2022 0

On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new “nano bitcoin futures” product will be listed under the ticker “BIT.” Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Introduces BIT,

News

Coinbase Reduces the Size of the Firm’s Workforce by 18%

Coins Legend June 14, 2022 0

Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says On June 14, Coinbase published […]

Exchanges

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn

Coins Legend May 19, 2022 0

Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow the trading platform to match its hiring needs with its business goals. Coinbase to Reassess Headcount Needs, Focus on Integrating Recent Hires Cryptocurrency […]

News

Coinbase Is Creating a Film Trilogy Featuring Bore Ape Yacht Club NFT Characters

Coins Legend April 11, 2022 0

The digital currency trading platform Coinbase is producing a three-part film series with the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC). The films will be crafted by Coinbase Entertainment and feature select BAYC NFT characters that will be crowdsourced from the Bored Ape NFT community. Coinbase Entertainment Is Working on a Three-Part […]