cryptonews: Coinbase is planning to set up a new trading venue outside of the U.S., according to reports. 🗒️
Coinbase is planning to set up a new trading venue outside of the U.S., according to reports.
While Coinbase is already operating in more than 100 countries, all of those subsidiaries funnel clients to the same U.S. trading platform. An internationally headquartered platform would also offer the company an alternative to the the U.S., which is engaged in a regulatory crackdown that strengthened with the bankruptcy of Sam Bankman-Fried's FTX exchange and redoubled last week with the collapse of three crypto-related banks, including the two most important, Silvergate Bank and Signature Bank.. The Nasdaq-listed exchange saw a net loss of $2.6 billion on revenues of $3.15 billion — well under half of 2021's $7.
Other destinations mentioned as aiming to become crypto hubs in the "Go Broad, Go Deep" announcement were Brazil, the UAE, Australia, Hong Kong, Switzerland, Bermuda and Japan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Coinbase CTO makes $2M bet on Bitcoin's performanceBTC price breaks correlation with US stocks as it soars 65%. Balaji Srinivasan's bold $2M bet highlights growing uncertainty in the US economy and potential hyperinflation. Will his prediction come true?
Read more »
Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase.coinbase says the outlook for the cryptocurrency market has been reinforced to the upside following recent turmoil in the U.S. banking sector. By willcanny99
Read more »
Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ.Coinbase told clients on Monday it’s no longer supporting Signet, the real-time payments network of failed Signature Bank, according to the Wall Street Journal. By NelWang
Read more »
Coinbase pauses support for Signature Bank's Signet: ReportCoinbase users reportedly won’t be able to use Signature Bank's Signet payment platform to send funds outside of banking hours until further notice.
Read more »
Coinbase halts support for Signature Bank's digital payments platformCryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank's digital payments platform Signet, more than a week after U.S. regulators took control of the bank.
Read more »
2 teens shot in separate shootings hours apart in Philadelphia: policeBREAKING 2 teens shot in separate shootings hours apart in Philadelphia: police
Read more »