SEC brings charges against cryptocurrency trading platform Coinbase

The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program. Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account.

• 2023-06-06
• Coinbase crypto asset cryptocurrency exchange Coinbase Global The SEC clearing agency Changpeng Zhao

Bitcoin’s Big Rally Hasn’t Drawn People Back. It’s a Bad Sign for Coinbase Stock.

Trading volume on crypto exchanges which include Coinbase Global and Binance hit a 31-month low in May despite a rally in the price of Bitcoin and other tokens. Coinbase (ticker: COIN) had $26.9 billion in volume in the spot market in May, according to data from The Block, while overall crypto exchanges had $439.5 billion in volume. In the spot market, crypto is delivered immediately, though some exchanges also do robust business in crypto derivatives.

• 2023-06-03
• Bitcoin Coinbase Global

Crypto stocks fall as Silvergate crisis deepens

The digital assets-focused bank said late on Friday that effective immediately it had made a "risk-based decision" to discontinue the Silvergate Exchange Network (SEN). Shares of the La Jolla, California-based bank were down more than 4% in premarket trading, while crypto lending peer Signature Bank fell 3%. Crypto exchange Coinbase Global and BTC mining machine maker Ebang International were both down about 1% each.

• 2023-03-06
• Silvergate Capital Silvergate Exchange Network Signature Bank premarket trading Coinbase Global