Category: Exchanges

Cathie Wood’s ARK funds bought more Coinbase shares worth over $110 million

Cathie Wood’s ARK funds purchased more Coinbase shares on Thursday, worth over $110 million. Specifically, ARK Investment Management bought a total of 341,186 Coinbase shares, Reuters reported Friday. ARK purchased the shares across three funds — ARK Innovation ETF, ARK Fintech Innovation ETF, and ARK Next Generation Internet ETF — valued at over $110 million […]

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Coinbase nabs a top 10 slot in Apple’s US App Store for the first time since January

Coinbase became the ninth most downloaded app on the Apple App Store for the United States as of Thursday. Coinbase’s app broke into the top 10 list one day after the company went public on Nasdaq via a direct listing. The crypto exchange closed Thursday’s trading session at a share price of $322.75 after opening […]

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How Coinbase’s corporate development team will help define the exchange’s next chapter

Quick Take Coinbase’s direct listing signifies a new chapter for the firm in which it will need to rely on its corporate development team to strategize how it will maintain and warrant its market share in a highly competitive market Q1′ 21 was Coinbase’s most active investment quarter ever with 22 investments, eclipsing its previous […]

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Europe’s neobrokers poised to offer trading for Coinbase shares

Trading apps in Europe and the United Kingdom are poised to launch Coinbase shares in anticipation of the crypto exchange’s direct on Nasdaq listing later today. Representatives of London-based digital bank Revolut and neobroker Freetrade told The Block that trading in Coinbase shares will be available for retail investors as soon as the company is […]

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Coinbase CEO expects 50% of company’s future revenues to come from non-trading businesses

Coinbase CEO Brian Armstrong expects the company’s non-trading businesses to grow substantially in the long term. In an interview with CNBC on Wednesday, Armstrong said, businesses like Coinbase Earn, debit cards, staking, and institutional custody could account for 50% or more of the company’s revenue in the next “five or ten years.” At present, Coinbase’s […]

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Binance to list Coinbase stock token today

Crypto exchange Binance is set to list rival Coinbase’s stock token today. The listing will take place when Coinbase goes public on Nasdaq. It will allow Binance users to trade Coinbase stock in fractions. Binance started trading in tokenized stock trading earlier this week, beginning with Tesla. At the time, the exchange said it would […]

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Binance launches tokenized stock trading, starts with Tesla

Crypto exchange Binance has ventured into the space of tokenized stock trading, following the likes of FTX and Bittrex Global. To begin with, Binance has listed Tesla stock tokens, meaning the exchange’s users can now buy Tesla tokens representing its shares. One Tesla stock token represents one share of the company. Users, however, can buy […]

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Web traffic to crypto exchanges dropped nearly 9% in March

Crypto exchange web traffic data compiled by The Block shows a slight decrease in volume between February and March. It follows several months of growth in monthly traffic to exchanges.  Exchanges saw 395.2 million visitors in March. That was 8.5% less than February.  Still, March had the third-highest crypto web traffic numbers on record. The […]

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Coinbase becomes latest member of group aimed at supporting DeFi projects

Coinbase has joined the Defi Alliance, an organization that supports decentralized finance (DeFi) startups, the crypto exchange company announced Thursday.  The association was founded almost exactly a year ago by a group of Chicago-based crypto organizations: Volt Capital, Jump Capital, CMT Trading and DRW Trading. According to an earlier blog post, the alliance aims to […]

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