Jack Dorsey urged Coinbase CEO Brian Armstrong to confirm support for de minimis relief on Bitcoin payments, following reports the exchange favors stablecoins-only treatment.
Coinbase has launched futures contracts for traders in 26 European countries, including Germany, France, and the Netherlands, marking its first direct derivatives offering in the region.
Coinbase has launched 24/5 commission-free stock and ETF trading for all U.S. users, expanding beyond crypto in a bid to become an “everything exchange” and diversify revenue.
Coinbase CEO Brian Armstrong dismissed “paper Bitcoin” claims, insisting spot Bitcoin ETFs are fully backed, while defending Coinbase’s dominant custody role and calling U.S. regulatory clarity the next key step for the industry.
Crypto-linked stocks jumped as Coinbase (COIN) surged 18% and Strategy (MSTR) rose 10%, fueled by a rebound in Bitcoin and renewed investor interest in digital-asset exposure.
Coinbase is facing some selling pressure on Wall Street as analysts trim expectations and insider selling adds to investor unease ahead of the company’s upcoming earnings report.