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Coinbase

Coinbase to Launch BTC Rewards Card With Amex, Eyes U.S. Futures Expansion

by admin June 13, 2025

Crypto exchange Coinbase is planning to launch a credit card that offers bitcoin

cashback, the company said on Thursday.

The Coinbase One Card, issued in partnership with American Express, includes perks such as earning 4% in BTC after purchases, boosted rewards on USDC stablecoin holdings and higher staking rewards and transaction credits on Base, the Ethereum layer-2 network developed by the exchange, according to the card’s website. The card’s rollout is expected this fall.

The move comes as more crypto platforms and exchanges are rolling out payment cards to enable users to spend their blockchain-based token stash on everyday purchases. For example, self-custodial wallet MetaMask introduced its debit card last year, while Mastercard unveiled plans in April to launch debit cards with crypto exchanges OKX and Kraken.

It’s also not the first crypto endeavour for Amex, either: the company issued a credit card offering crypto rewards with Abra in 2022.

Coinbase’s announcement coincided with the company’s State of Crypto Summit event in New York, where the exchange also hinted at expanding perpetual futures trading to the U.S., according to media reports.

Perps trading has been limited to non-U.S. users at Coinbase Advance. However, the exchange said earlier this year in a blog post that it was working with the Commodity Futures Trading Commission (CFTC) towards making “perpetual-style futures contracts” accessible to U.S. users.

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June 13, 2025 0 comments

Crypto Trends

Coinbase to Let You Earn Bitcoin with New Amex Card

by admin June 12, 2025

Major US cryptocurrency exchange Coinbase has announced the upcoming launch of an American Express card that will offer cashback in Bitcoin.

The card, whose slick design was inspired by the genesis block of the original blockchain, will give its holders up to 4% BTC back on every purchase.

The size of the reward will depend on the Coinbase balance of a specific cardholder. “The more assets you hold on Coinbase, the higher your rewards rate,” the exchange clarified.

Coinbase to List 3 New Cryptocurrencies on June 12: Details

by admin June 11, 2025

Amid efforts to provide its users with an exclusive trading experience and a wide range of crypto options, the renowned U.S.-based crypto trading platform Coinbase has announced via an X post the addition of three crypto assets to its platform.

The new listings, which span the Ethereum, Solana, and Arbitrum networks, aim to broaden crypto access for Coinbase users in supported regions.

According to the announcement, the tokens include PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN), providing fresh investment opportunities to Coinbase users.

Scheduled to launch on June 12, the three tokens will go live and become available for trading via the Coinbase website and mobile apps (iOS and Android). Users will be able to buy, sell, convert, send, receive, or store the assets starting from 9 AM PT on Thursday.

American Whales Back Bitcoin Rally: Coinbase Premium Surging

by admin June 11, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Data shows the Bitcoin Coinbase Premium Gap has recently been going up, a sign that large US-based entities may be backing the price surge.

Bitcoin Coinbase Premium Gap Has Recently Been Green

As explained by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Gap has been following a gradual rise during the past few weeks. The “Coinbase Premium Gap” is an indicator that measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair).

When the value of this metric is positive, it means the cryptocurrency is trading at a higher price on Coinbase than Binance. Such a trend implies the buying pressure is higher (or the selling pressure is lower) on the former as compared to the latter.

On the other hand, the indicator being negative suggests Coinbase may be facing a net higher selling pressure as the coin is going for a lower price on there than Binance.

Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the last few months:

The value of the metric appears to have been heading up in recent days | Source: CryptoQuant

As displayed in the above graph, the Bitcoin Coinbase Premium Gap was negative earlier, indicating that users on the platform were potentially applying more selling pressure than Binance traders. Alongside these red values, the asset’s price witnessed a decline.

Then, in mid-April, the indicator registered a reversal into the positive zone and interestingly, what accompanied this buying pressure on Coinbase was a rally in the cryptocurrency.

As such, it seems the price of the asset has recently been showing some correlation with the Coinbase Premium Gap. This isn’t a particularly new trend, as the pattern was in fact witnessed a lot throughout the last year.

Coinbase is the preferred platform of the US-based investors, particularly the large entities like institutional traders. Binance, on the other hand, hosts a global traffic. Thus, the metric can be looked at as a representation of how the behavior of the American whales differs from the rest of the sector.

Recently, the Coinbase Premium Gap has been trending up inside the positive zone, which may be a sign that the US-based large holders have been participating in accumulation.

The increase has only furthered as the price has recovered to levels near the all-time high (ATH). Considering the relevance that the American institutional investors have held for Bitcoin in the past year, this backing from them can naturally be a bullish sign for the rally’s sustainability.

That said, while there has been an extended period of buying on Coinbase lately, the premium can still be to monitor in the near future, as things can sometimes take a quick turn in the cryptocurrency sector.

BTC Price

Bitcoin has seen some pullback since its high above $110,500 as its price has returned to $108,900.

The trend in the BTC price during the past five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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June 11, 2025 0 comments

Crypto Trends

Blockchain Use Surging at Fortune 500, Smaller Firms: Coinbase

by admin June 11, 2025

In brief

Coinbase looked at 100 Fortune 500 companies and found that 60% were investing in or working on blockchain-related projects.
Stablecoin use is surging, too.
More companies are planning to use the technology.

About three in five Fortune 500 companies are working on blockchain initiatives, Coinbase found in its State of Crypto second quarter report based on questions posed to executives from these firms.

Roughly half the participants said that their companies had increased spending on blockchain while one in five said it was a key part of their firms’ strategies, although many also expressed concerns about regulation.

“So, the future of money is here and it has only just begun,” the report said. “But it’s clear greater regulatory certainty is still required for the potential of crypto to be fully realized.”

The report underscores the growing embrace of digital assets and their underlying technology with many companies that were once crypto skeptics now part of the mix of adopters. Financial services powerhouses BlackRock and Goldman Sachs are among others, have kickstarted blockchain initiatives but the survey found that companies in a range of industries and sizes have also incorporated blockchain into their businesses.

The number of small and medium-sized businesses (SMBs) using blockchain has doubled over the past year, with more than 80% of these firms saying that crypto could help them “address at least one of their financial pain points,” Coinbase found.

“The future of money is nowhere more visible than among small and medium businesses, the backbone of the U.S. economy,” the report said. “Onchain technology, especially for payments, holds great appeal to a group who see transaction fees and processing times as their top financial related pain points.”

Blockchain is the underlying tech on which Bitcoin‘s network runs: a distributed, online ledger that records transactions and cannot easily be tampered with as it uses cryptography.

The technology has now lots of other uses, other than payments, with the likes of Walmart using it to track its food supply chain and major banks deploying it for their own financial products.

A number of small Nasdaq-listed companies have started buying Bitcoin as a way to secure better returns for their shareholders, a trend popularized by Strategy—formerly MicroStrategy—which pivoted from software development to become a Bitcoin treasury and now manages more than 582,000 BTC worth over $62 billion.

The survey also found that 18% of the small and medium businesses surveyed used stablecoins. Stablecoins are digital tokens pegged to the value of non-volatile assets—typically the dollar.

Coinbase contracted a third party to undertake the research, which looked at 100 of the Fortune 500 firms. It said that the initiatives included “internal company projects, investments, partnerships, and product/service launches.”

Edited by James Rubin

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June 11, 2025 0 comments

GameFi Guides

Justin Sun-Linked BiT Global Drops Coinbase Lawsuit Over Wrapped Bitcoin

by admin June 9, 2025

In brief

BiT Global has agreed to dismiss a lawsuit against Coinbase over its delisting of Wrapped Bitcoin (WBTC).
BiT Global, which has ties to crypto founder Justin Sun, sued when Coinbase said it would no longer list WBTC following BiT Global’s plans to become involved with the token.
Since delisting WBTC, Coinbase’s own wrapped Bitcoin product, cbBTC, has steadily gained market share.

Digital asset custodian BiT Global has agreed to permanently dismiss a lawsuit against Coinbase over the crypto exchange’s delisting of Wrapped Bitcoin, aka WBTC, one of the world’s most popular tokens.

Both parties agreed Friday to dismiss BiT Global’s suit with prejudice, meaning the matter cannot be litigated in the future. Each party will cover their own legal fees, according to the filing.

BiT Global sued Coinbase in December for delisting WBTC, or Wrapped Bitcoin—a popular digital asset that allows traders on Ethereum to utilize and gain exposure to the world’s top cryptocurrency, which is by its nature incompatible with other blockchain networks. The token is backed by one-to-one reserves of Bitcoin.

Though many such wrapped Bitcoin tokens exist, WBTC is handily the market leader. The token boasts a market capitalization of $13.88 billion, making it, at writing, the 12th-largest crypto token in the world.

In August, BitGo, WBTC’s chief custodian, announced it was teaming with BiT Global, a Hong Kong-based custodian, to diversify “custodial jurisdictions and locations for the underlying Bitcoin” held to back WBTC. The token’s reserves were previously held entirely in the United States.

The announcement attracted plenty of pushback in crypto, given BiT Global’s extensive ties to controversial crypto entrepreneur Justin Sun. At the time, some crypto leaders argued Sun’s involvement posed an “unacceptable level of risk” to WBTC’s stability and trustworthiness.

Days later, Coinbase teased plans to launch its own WBTC competitor, dubbed cbBTC. It then delisted WBTC from its exchange in December, stating in November that the token no longer met its “listing standards.”

Weeks later, BiT Global hit Coinbase with a lawsuit, arguing the delisting was a predatory “cash grab” motivated by the exchange’s desire to increase cbBTC’s value by suppressing its chief competitor. Coinbase countered that the move was instead motivated by a desire to protect customers from the “unacceptable risk that control of WBTC would fall into the hands of Justin Sun.”

A federal judge shortly thereafter denied BiT Global’s request to halt the delisting, stating there was insufficient evidence that the move would cause imminent and irreparable harm to the crypto custodian.

BiT Global did not immediately respond to Decrypt’s request for comment when asked why it moved to dismiss the lawsuit. Last month, however, a federal judge in San Francisco overseeing the case told both parties she was inclined to grant Coinbase’s motion to dismiss the case “in its entirety,” according to court transcripts seen by Decrypt.

Coinbase Chief Legal Officer Paul Grewal told Decrypt on Monday that as of now, the exchange has “zero plans” to relist WBTC.

Since delisting WBTC, Coinbase has seen its position in the wrapped Bitcoin sector grow substantially. Since the December delisting, when Bitcoin’s price was nearly the same as today’s, cbBTC has more than tripled in market capitalization, to $4.84 billion at writing.

Edited by Andrew Hayward

Editor’s note: This story was updated after publication to include a new comment from Grewal along with additional context.

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June 9, 2025 0 comments

NFT Gaming

Locked Out No More? Coinbase Cracks Down On Account Freezes

by admin June 9, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Coinbase has cut the number of unnecessary account freezes by 82%, the exchange’s CEO announced last week. It was a problem that many users said went on for far too long. Now the company says it’s close to fixing the worst of it, but some customers remain wary.

Account Freezes Drop Dramatically

According to a June 6 post on X by CEO Brian Armstrong, Coinbase has reduced unwanted freezes by 82% so far. He said the change is a top priority and that more improvements will roll out soon. Short freezes are one thing. Months-long lockouts are another. Many users reported being locked out for several months at a time.

Account freezing has been a major issue at Coinbase for longer than is acceptable. I could list a bunch of the underlying reasons why it got so bad in the first place, but what’s more important is that we’ve made it a priority to fix, and we have been making good progress. Shout… https://t.co/Emrq6KQhpD

— Brian Armstrong (@brian_armstrong) June 6, 2025

New Team Member Takes Charge

Based on reports from inside Coinbase, most of the progress comes from the work of Dor Levi. He joined the product team nine weeks ago with a clear goal: stop freezing good accounts. The company invested heavily in its machine learning models. Those upgrades seem to have paid off. Coinbase says its new systems catch more bad behavior while letting normal trades go through.

I joined @coinbase 9 weeks ago with a vital goal: fixing unnecessary account restrictions.

If you’re on CT, you know how significant this issue has been for users. I myself am a Coinbase user and our restriction experience is not meeting my own bar.

The goal is clear: Account… pic.twitter.com/zvGuM3QSZi

— Dor (@dorvonlevi) June 6, 2025

Data Breach Raises Concerns

Users’ confidence was also shaken by a data breach that affected more than 70,000 accounts. At least some overseas service agents were bribed last December to hand over customer ID photos and home addresses.

The breach wasn’t disclosed until mid-May. That gap has frustrated many. One user even shared a story of a family friend losing Bitcoin and Ether in a scam they believe was linked to the hack.

Total crypto market cap at $3.24 trillion on the daily chart: TradingView.com

Ongoing Legal Restrictions Remain

Coinbase will still comply with court orders and sanctions that require account freezes, Armstrong and Levi said. Those freezes are not part of the 82% reduction. They are a separate matter entirely. The company needs to meet legal rules in the US and abroad. Users who believe their freeze is tied to those rules should contact support for details.

Calls For Better Customer Support

Some users say it’s nearly impossible to reach a live support agent. One X commenter wrote that tracking someone down “can take forever.” Another said he has been locked out for two years. Armstrong asked any customer with a frozen account to get in touch with support. But if users can’t make a call or start a chat, even the best model won’t help them feel heard.

Building Lasting Trust

Coinbase is the top custodian of spot Bitcoin exchange-traded funds. Cutting unnecessary freezes is a step forward, but real trust takes time. Users will want clear updates on how the new system works, and they’ll want proof that their data is safe. If Coinbase can keep its word, it may finally calm the people who felt locked out for far too long.

Featured image from ARZDigital, chart from TradingView

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June 9, 2025 0 comments

Crypto Trends

Coinbase Fixing Account Restrictions Plaguing Users

by admin June 9, 2025

Coinbase CEO Brian Armstrong said the crypto exchange has reduced unnecessary restrictions on its users by 82%, which has been a “major issue” for the exchange.

In a June 6 X post, Armstrong acknowledged that account freezing has been a problem “for longer than is acceptable,” and that it has become a top priority for his firm to improve.

“The issue has been reduced by 82% so far, with more improvements coming. We’ll keep you updated as further improvements roll out,” Armstrong said, before asking all customers with frozen accounts to contact Coinbase Support.

Coinbase users have expressed frustration over account restrictions for years, reporting sudden freezes lasting several months or longer, prompting some to abandon the platform.

Customer confidence in Coinbase was also recently shaken by a mass data breach that exposed the details of more than 70,000 customer accounts.

Coinbase says fewer restrictions due to improved models

Armstrong credited the progress to Dor Levi, a member of Coinbase’s product team, who came on board nine weeks ago with the primary goal of fixing the account restrictions.

Source: Brian Armstrong

In a post of his own, Levi said much of the progress has come from making “significant investments” in Coinbase’s machine learning models and infrastructure.

“We’ve improved the precision and recall of all our models, and are seeing fewer restrictions/freezes as a result.”

Coinbase will continue to implement account restrictions imposed by court orders and sanctions to remain compliant with the law, Armstrong and Levi noted.

Despite the progress, much work remains, said Levi, who admitted that as a Coinbase user himself, the experience with account restrictions still doesn’t meet his “own bar.”

I joined @coinbase 9 weeks ago with a vital goal: fixing unnecessary account restrictions.

If you’re on CT, you know how significant this issue has been for users. I myself am a Coinbase user and our restriction experience is not meeting my own bar.

The goal is clear: Account… pic.twitter.com/zvGuM3QSZi

— Dor (@dorvonlevi) June 6, 2025

Coinbase users say they’ve been locked out for several months

In response to Armstrong’s post, one X user said they have been completely locked out of their Coinbase account for over two years, while another said they abandoned the platform after enduring an eight-month freeze.

Another X user attributed the lengthy account freezes to Coinbase’s customer support team.

“At Coinbase, it is extremely hard to speak to a live customer service person,” they said, adding that it “can take forever to track someone down.”

Related: Coinbase aware of recently disclosed data leak since January: Reuters

Coinbase is also planning to strengthen its security measures after illicit actors bribed some of its overseas customer service agents to access government-issued ID photos and home addresses of around 70,000 Coinbase customers last December. The incident was only disclosed in mid-May.

https://t.co/evpIBMFvRW pic.twitter.com/f6UPdkL5R0

— Brian Armstrong (@brian_armstrong) May 15, 2025

One X user even claimed that a family friend of theirs lost Bitcoin (BTC) and Ether (ETH) in a scam that they believe was linked to the recent Coinbase data breach.

Coinbase remains one of the world’s largest crypto exchanges, with over 100 million users and is the largest custodian of the spot Bitcoin exchange-traded funds.

Magazine: Coinbase hack shows the law probably won’t protect you: Here’s why

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June 9, 2025 0 comments

GameFi Guides

Coinbase and BiT Global End Legal Battle on wBTC

by admin June 8, 2025

Coinbase and BiT Global have quietly ended their legal fight over the delisting of wrapped Bitcoin (wBTC) on Coinbase. In a joint court filing, both companies agreed to settle the matter. BiT Global will dismiss its lawsuit with prejudice, meaning the case can’t be reopened in the future. Each side will pay its legal costs.

The conflict began last year when Coinbase removed wBTC from its platform. Coinbase said the token posed an “unacceptable risk” because of its connection to crypto billionaire Justin Sun. Sun became involved with wBTC through a partnership in August, and Coinbase grew concerned that the token could fall under his control.

BiT Global disagreed vigorously. The firm stated in its lawsuit that the delisting was unreasonable and harmed wBTC’s liquidity and reputation. They further noted that Coinbase had just introduced its own competing token, cbBTC, merely two months prior to dropping wBTC, which it alleged was a self-serving action.

Even BiT Global at some time asked for a temporary restraining order from the court to force Coinbase to restore the listing of wBTC. But Judge Araceli Martinez-Olguin denied that request, siding with Coinbase’s decision to remove the token from its platform.

Even as the joint court filing affirmed the suit is settled, it did not give any other terms of the settlement except for the cost provision. With this, the two companies are now on their way, but the lawsuit reveals how issues of competition and trust continue to be deep-rooted in the crypto market.

Also Read: Asset Freezing is a Major Issue: Coinbase CEO

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June 8, 2025 0 comments

GameFi Guides

BlackRock Buys $500M Ethereum on Coinbase in 10 Days: Arkham

by admin June 8, 2025

BlackRock is going big on Ethereum. The world’s largest asset manager has snapped up over $500 million worth of ETH in just ten days, according to Arkham. The buying spree comes through its iShares Ethereum Trust, ETHA.

On June 4 alone, the fund added $73.2 million in ETH. The next day, it added another $34.7 million. This brings its total holdings to over $4.85 billion worth of ETH.

Other firms are also jumping in. On June 2, Fidelity bought $29.8 million worth of ETH through its FETH Ethereum ETFs. These purchases are helping drive Ethereum ETF inflows across the board. U.S.-based spot Ethereum ETFs have now collected over $3.34 billion in net inflows in the past three weeks, according to data from Farside Investor.

At the same time, spot Bitcoin ETFs are seeing money flow out. In the same 10-day stretch, Bitcoin ETFs recorded $278.4 million in outflows on June 5 alone, led by ARk investment and major withdrawals from Fidelity, Bitwise, and Grayscale. Over the two weeks, total net inflows into Bitcoin ETFs added up to $44.2 billion, but recent days show a clear slowdown, with multiple firms logging consistent red days.

BlackRock CEO Larry Fink shared his thoughts on Ethereum’s potential in a statement. He believes the role of Ethereum and blockchain technology can grow dramatically if there is more acceptability, transparency, and better analytics related to these assets.

According to Fink, growth is not mainly about more or less regulation but depends on liquidity, transparency, and improved data. “I think its a function of liquidity, transparency, and then to that process no different than years ago.”

He compared this process to the early days of the mortgage and high-yield markets, which started slowly but expanded as better analytics and market acceptance developed. “I truly believe we will see a broadening of the market of these digital assets,” Fink said

What’s Ahead for Ethereum?

Ethereum’s price jumped from $1,790 to above $2,700 over the past month. This is a 54% increase. it’s showing signs of a breakout.

Currently, the token is forming a pattern called a “Right-Angled Descending Broadening Wedge,” which in past cases has led to big price moves.

As of June 7, Ethereum is trading for $2,516, according to CoinMarketCap. It dipped briefly during a recent market drama involving Elon Musk and Donald Trump but quickly recovered.

Also Read: ETH Season Heats-up: Weekly ETF Inflows in Ethereum Outshines Bitcoin

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June 8, 2025 0 comments