Tag: coin

Coinbase to Offer Crypto Investing Option for 401(k) Pension Plan

Coinbase, one of the largest crypto exchanges has entered into a partnership with 401(k) pension plan provider ForUsAll Inc to allow plan holders to invest in cryptocurrencies. The partnership would let 401(k) pension plan holders invest upto 5% of their balance in crypto assets. There is little to zero crypto exposure in 401(k) pension plans […]

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Coinbase shakes up stablecoin offering to entice large FX traders

Coinbase shakes up stablecoin offering to entice large FX traders

Coinbase is looking to draw in big traders in the foreign exchange world through an expansion of its stablecoin services.  In an announcement that went relatively unnoticed, Coinbase said it updated pricing for nine stablecoin pairs. The update allows users of its Coinbase Pro platform to trade pairs — such as DAI-USD and USDT-GBP — […]

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Over 4 million shares: Why Cathie Wood’s Ark Invest is so bullish on Coinbase stock

Over 4 million shares: Why Cathie Wood’s Ark Invest is so bullish on Coinbase stock

Quick Take Cathie Wood’s Ark Invest currently holds over 4 million shares of Coinbase stock. Here’s why Ark is so bullish on the stock despite the steep price declines since its debut. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Get free […]

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Coinbase links its Visa debit card with Apple Pay, Google Pay

Coinbase links its Visa debit card with Apple Pay, Google Pay

Coinbase’s debit card product is now usable via Apple Pay and Google Pay, according to a Monday blog post from the crypto exchange and services provider.  The firm also said Monday that “starting this week, we’ll invite select customers off the waitlist” for its card product. After initially being available to UK and EU-based customers, Coinbase […]

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Coinbase sees fast-growing interest in its prime brokerage biz from multi-strat hedge funds

Coinbase sees fast-growing interest in its prime brokerage biz from multi-strat hedge funds

Quick Take An inside look at Coinbase’s prime brokerage business Multi-strat hedge funds are coming, according to the firm’s Greg Tusar This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Get free Bitcoin Bitcoin Generator

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JPMorgan, Goldman Sachs Initiate Coverage of Coinbase Stock — up to 60% Price Upside

JPMorgan, Goldman Sachs Initiate Coverage of Coinbase Stock — up to 60% Price Upside

Investment banks JPMorgan and Goldman Sachs have initiated coverage of the Coinbase Global stock. JPMorgan gives Coinbase an overweight rating with a 60% upside potential while Goldman Sachs begins with a buy rating. JPMorgan, Goldman Sachs Now Covering Coinbase Stock A couple of major investment banks initiated coverage of the Coinbase Global stock (NASDAQ: COIN) […]

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Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’

Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’

Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase Shares Drop Below Reference Rate Coinbase Global, […]

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Crypto exchange Coinbase announces $1.25 billion private debt offering

Crypto exchange Coinbase announces $1.25 billion private debt offering

U.S. crypto exchange company Coinbase said Monday that it plans to conduct a $1.25 billion private debt offering. “Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced its intention to offer, subject to market conditions and other factors, $1.25 billion aggregate principal amount of Convertible Senior Notes due 2026 (the “notes”) in a private offering (the […]

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Coinbase($COIN) Share Price Falls Below Reference Amid Crypto Market Sell Off

Coinbase ($COIN), the New York-based crypto exchange that went public last month has fallen below the reference price of $250 for the first time since listing. $COIN was trading just under $244 at the time of writing after registering a 5.3% decline since the opening today. The price fall comes amid a red crypto day […]

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