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[BMF]

Coinbase
Coinbase is one of the world's biggest digital currency wallet/exchange that support storing, transacting and trading of cryptocurrencies like Bitcoin, Ethereum, Litecoin etc. It one of the oldest begineer entry cryptocurrency exchange which support buying and selling of cryptocurrency directly with a connected Bank account or other payment methods.
Coinbase is a San Francisco based exchange and was founded in 2012 by Brian Armstrong and Fred Etrsam as part of Ycombinator. Coinbase started as Bitcoin Broker, selling Bitcoin directly to customers but over the years has added alot of services along the way making it one of the most reliable crypto exchange out there.
Coinbase currently has over 20 million users from all around the world with over $150 Billion worth of cryptocurrencies traded. Also Coinbase was able to raise $217 million from world leading investors like Ycombinator, Andreessen Horowitz, USV, USAA and more making it one of the most reputable crypto exchange with lots of external backing.

Coinbase support trading of BTC, ETH, LTC, BCH, ETC and more. Users can deposit using either Wire Transfer or Debit/Credit card.

It is important to note that Coinbase is a fully licensed and regulated KYC/AML complaint exchange, you are required to undergo identity verification before you can make use of it service.
Currently Coinbase support and fully operate in 32 different countries across Asia, Europe, North America and Australia.

Pros:
1. Begineer Friendly: This is one point where Coinbase really shines, it's is one of the most recommended beginner entry cryptocurrency wallet/exchange cause one does not need to know how to trade to buy and sell cryptocurrency on the platform using ones bank account. Coinbase is mostly regarded as one of the best exchange for beginners to trade Bitcoin and other cryptocurrencies, It interface is very clean, Intuitive and easy to navigate.
Coinbase also provides a mobile app available for both Android and iOS.
2. Reputation: Coinbase is one of the oldest reliable exchange out there with millions of users and it backed by reputable organizations. Coinbase is also one of the few cryptocurrency exchange that is protected by insurance.
3. Security: Coinbase takes careful security measures to ensure optimal security of users funds. According to it website, about 98% of customer funds are stored in offline storage and distributed in safe deposit boxes in different geographical location all around the world.
Two factor authentication (2FA) is also available for adding extra layer of security to user accounts.
4. Merchant API: Coinbase provides a well documented API allowing online merchant to accept cryptocurrency on their website.

Cons:
1. It Not Available Globally: Coinbase is only available in a very limited amount of countries which spread across few continent.

Based on my research, Coinbase is a legit exchange, the only major disadvantage is that it's not available in most countries. If your country is also not supported, i recommeded you to checkout Luno which is quite similar to Coinbase but support a larger number of countries.

Do you have an account here? What's your experience?

 

[Yugocean]

Coinbase will not govern USDC

Coinbase is co-developer of USDC, it was governing USDC alongwith Circle. However to deal with the new regulations on stablecoins, Coinbase and Circle came into an agreement that now Coinbase will not govern USDC

 

[Yugocean]

Coinbase bought a stake in Circle
After giving up full management of USDC, Coinbase purchased a small stake in Circle to remain in business with Circle. This is considered the right move for both companies in the business sector.

 

[Yugocean]

Partnership with X

Coinbase has announced its Partnership with Elon Musk's X for hiring features. Coinbase isn't the only company, but it might get with X in crypto matters. Hiring is available only in US.

 

[Medo24]

Partnership with X

Coinbase has announced its Partnership with Elon Musk's X for hiring features. Coinbase isn't the only company, but it might get with X in crypto matters. Hiring is available only in US.

A good update for the two companies. Can you please tell me more about the hiring activities the both companies are patterning on. Could it be that through X Coinbase can hire people or the other way around.

 

[Yugocean]

A hope against SEC

Recently the SDNY court has dismissed a lawsuit against Uniswap. According To JJudge Katherine Polk Failla's who gave the ruling, is also judge in SEC v Coinbase case. SEC already have 2 defeats, Coinbase has good chance now.

 

[Medo24]

SEC will continue to experience defeat in most cases, especially against giants in the cryptocurrency ecosystem because they do not investigate thoroughly before filling a suit against the companies and I see them to be witch-hunting

 

[Yugocean]

Brain Armstrong and Coinbase have been quiet for the past 4 days, with no announcements, no updates, and no word on the SEC dispute since the end of Base's onchain summer. This silence is not digestible.

 

[Yugocean]

Coinbase gears up for 11th startup
Coinbase CEO Brain Armstrong plans to add a Web3 version of LinkedIn, which will be Coinbase's 11th startup. It will verify employment and credentials through NFT issued by the company.

 

[Yugocean]

lending service for big investors
Brian Armstrong is using his brain to fill the gap of what Coinbase's post bearfall alternative have. Although Bears are still there, but Coinbase has opened lending service for large investors, becoming alternative of platforms like BlockFi.

 

[Yugocean]

Coinbase India Shuts Down
Coinbase has shuts down it's Indian unit under regulatory pressure. Now this is the word that the company which is asking for regulations everywhere, itself cannot accept regulations in India.

 

[Yugocean]

5% Reward on USDC
Coinbase has started giving importance to USDC. Coinbase is the co-developer of USDC, so it has announced a 5% intrest to the USDC stablecoin Hodlers for a profitable hodling. It is currently temporary.

 

[Yugocean]

Coinbase Won't buy FTX Europe

Coinbase was trying to acquire FTX Europe to improve its directives business; it tried in November 2022, and recently September 2023; however, now the company has decided to not to try third attempt.

 

[Yugocean]

Coinbase HODLs 1 Million Bitcoin

Blockchain medis Akhram's data reveals that Coinbase HODLs nearly 1 Million BTC in its 36+ million wallet address. Coinbase is now a Satoshi, and have 5% of total Bitcoin under its control.

 

[Yugocean]

Pro Coinbase Vitalik Buterin
Recently 400 ETH (worth approximately $632k) were transferred from Vitalik's address to Coinbase. This is a shot in arm for coinbase because it is also having a big HODL of ETH after becoming the largest hodler of BTC.

 

[Yugocean]

Heavy Investment by BTC Whale(s)
In the recent transactions, two transactions containing 2884, and 2840 Bitcoins, worth more than $158m were transferred from unknown wallet to Coinbase. Such movement by whale debatable.

 

[BaleegNajar]

Coinbase in one of the legit and popular crypto exchanges out there in the crypto world. Most people prefer coinbase after binance as a second choice. Coinbase is a very easy to use crypto exchange which gives out a large number of features just like binance crypto exchange. It has a wallet also (Coinbase wallet) where you need to link your Coinbase account to fully use the wallet.

 

[Yugocean]

Whale Deposit

An unidentified whale has transferred a total of 2693 Bitcoins worth more than $92 million from the wallet to the Coinbase exchange. The reason for this investment may be trading after the sudden increase in Coinbase's price today.

 

[Yugocean]

Coinbase's campaign against IRS directive

Coinbase has launched a campaign against the IRS directive demanding details of every transaction. Coinbase is asking for public support by calling it anti-privacy

 

[Yugocean]

Ending Support For BSV
Coinbase has delisted Bitcoin SV since 2021, now ending support for it as well. Bitcoin SV hodlers have until January 9, 2024 to withdraw, after which BSV will be liquidated.

 

[Yugocean]

Coinbase is not in position to enjoy CZ's fall
Coinbase is not expected to gain much from Binance's loss, as it is currently facing litigation with the SEC, and the loss of biggest rival at the moment is scaring Brian Armstrong.