Coinbase Beats Q3 Earnings Estimates, But Trading Volume Fell
The crypto exchange’s third quarter transaction revenue rose/fell short from previous quarter.
Binary trading platforms with better performance and payouts
Coinbase
The crypto exchange’s third quarter transaction revenue rose/fell short from previous quarter.
A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say.
The latest transactions followed $19 millions worth of crypto moved from FTX cold wallets to exchanges.
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.
Coinbase Global Inc. (COIN) is set to make its final case on Tuesday that a judge should spring it from the clutches of the U.S. Securities and Exchange Commission (SEC) in its unregistered-securities dispute.
Grewal said in a CNBC interview that he is “confident” that after SEC will fulfill its responsibilities in making a decision about the approval of the ETF applications.
Forthcoming European laws known as MiCA will allow the exchange to serve the entire EU bloc with a single license.
“We continue to view COIN’s consumer take rate as being at risk of compression due to competition for market share within a lower volume crypto space,” the bank said.
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.