Coinatory

Coinbase Acquires Deribit in $2.9B Crypto Derivatives Deal Coinbase Global Inc., the largest U.S.-based cryptocurrency exchange by trading volume, has announced its intention to acquire Deribit, a leading crypto derivatives platform, in a transaction valued at approximately $2.9 billion. The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments. Founded in 2016 and headquartered in Dubai, Deribit has established itse... cryptonews today

Coinbase CEO Urges U.S. Regulators to Permit Interest on Stablecoins Coinbase CEO Brian Armstrong has publicly urged U.S. politicians to approve interest-bearing stablecoin products, claiming that doing so would greatly benefit domestic consumers, strengthen the value of the US dollar internationally, and promote more financial inclusion. Stablecoins, which are usually backed 1:1 by the US dollar and invested in low-risk assets like Treasury securities, provide yield from their underlying reserves, Armstrong s... cryptocurrency news

Coinbase to List Solana Futures Amid Growing Crypto Demand In order to list Solana (SOL) futures contracts on Coinbase Derivatives, its subsidiary trading platform, Coinbase has applied for self-certification. The action, which will provide traders access to cash-settled Solana futures beginning February 18, 2025, represents a major expansion in the cryptocurrency derivatives market. The Solana futures contracts will be offered in two sizes: normal contracts representing 100 SOL (currently priced at ... cryptonews today

Coinbase asks US appeals court to clarify crypto regulation To find out if bitcoin transactions on its platform are subject to federal securities laws, Coinbase, the biggest cryptocurrency exchange in the US, has petitioned the U.S. Court of Appeals for the Second Circuit. This legal move is the result of a well-known conflict with the Securities and Exchange Commission (SEC), who filed a complaint against Coinbase in 2023, alleging that the exchange was functioning as an unregistered securities platf... Coinatory cryptocurrency news

Coinbase May Delist Tether Amid U.S. Regulation Push If future U.S. legislation require it, Coinbase, the biggest cryptocurrency exchange in the country, has indicated that it is prepared to delist Tether (USDT), the stablecoin with a market value of $138 billion. Coinbase CEO Brian Armstrong stated in a Wall Street Journal article that possible laws under the Biden administration would mandate that stablecoins keep all of their deposits in U.S. Treasury bonds and submit to regular audits for incr... cryptonews

Coinbase CEO Armstrong Calls 2024 US Election a ‘Huge Win for Crypto’ Coinbase CEO and co-founder Brian Armstrong has celebrated the outcome of the 2024 U.S. election as a significant triumph for the cryptocurrency sector, forecasting that America will now see "the most pro-crypto Congress ever" along with a supportive administration. This optimism reflects Armstrong's belief that recent electoral wins by pro-crypto candidates signal a new era for digital assets in the U.S. In a detailed post on X (formerly Twi... Coinatory