Coinbase is more than just a trading platform, and new products driven by the Base blockchain and stablecoins will drive a bright future.
Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.
Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC.
Key Takeaways Coinbase users can now pledge their bitcoin as collateral to take out a loan worth $100,000 in USDC stablecoins after a new service was launched Thursday.These loans can be made via the Coinbase app but will be serviced by DeFi platform Morpho,
On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.
Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.
Furthermore, instead of issuing these loans on a blockchain even remotely related to Bitcoin (such as Bitcoin sidechains or Bitcoin L2s), Coinbase is issuing them through Morpho Labs, a DeFi platform best described as an AAVE competitor. While Morpho is a well-established platform—and I don’t doubt its security—it has no connection to Bitcoin.
Coinbase's setup caps each borrow at $100,000 in USDC. To borrow that much money customers will need to post more than that amount of bitcoin. Morpho will start liquidating the collateral if the loan-to-value ratio flies too close to the sun.
Top Chinese crypto traders earn millions on TRUMP, Coinbase may expand to Philippines, what on Earth is Bimcoin? Asia Express.
President Donald Trump signed an executive action Thursday that creates a presidential group to coordinate the establishment of clear regulation for the cryptocurrency industry and prohibits the creation of central bank digital currencies.
The cryptocurrency market is going through what Bernstein analysts are calling a “new chaotic era,” all thanks to the unexpected success of President Donald Trump’s meme coin. Within just a few days of its Jan.