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4 reasons the crypto market Is booming past $4 trillion

by admin October 5, 2025

The crypto market is surging this week, with Bitcoin and Ethereum nearing their all-time highs and the total market capitalization climbing above $4.2 trillion. This article breaks down the top four drivers behind the rally, including growing expectations that the Federal Reserve will cut interest rates before the end of the year.

Summary

The crypto market rally is happening as odds of Fed interest rate cuts rise.
Bitcoin has emerged as a safe-haven asset as the U.S. government shuts down.
The crypto market normally does well in October and the fourth quarter.

Fed interest rate cuts odds rise

One key reason why the crypto market is going up is the rising possibility that the Federal Reserve will cut interest rates in the final two meetings of the year.

The odds of rate cuts jumped after ADP published a weaker-than-expected jobs report on Wednesday. The U.S. economy lost 36,000 jobs in September. Economists were expecting it to add over 50,000 jobs.

These numbers mean that the Fed may decide to cut rates again to support the economy. Cryptocurrencies and other risky assets do well when the Fed is cutting rates.

Crypto as a safe haven

The crypto market jumped as investors embraced the role of Bitcoin (BTC) as a safe-haven asset as the U.S. government shutdown continues. This also explains why gold price jumped to a record high this year.

In a recent white paper, BlackRock noted that investors believe that Bitcoin has strong fundamentals to thrive as a safe-haven asset when risks rose. The white paper pointed to its fundamentals, including the 21 million supply cap and the rising demand.

One evidence of cryptocurrencies as safe-haven assets is the ongoing ETF inflows. Ethereum (ETH) funds added over $1.3 billion in inflows, while Bitcoin ETFs added $3.2 billion in assets.

Bitcoin, altcoins jump due to the season

Seasonality also contributed to the crypto market rally this week. Crypto investors are talking about Uptober, which is the situation where the industry rallies in October.

Data compiled by CoinGlass shows that the Bitcoin price normally jumps in October. It has had positive returns in October of all years since 2020. The average return in October since 2013 is 20%, making it the best month after November.

Also, the fourth quarter is usually the best period for the crypto industry in a year. Bitcoin’s average return is 80%, second only to Q1’s 51%.

Bitcoin return by month | Source: CoinGlass

Altcoin ETF approvals ahead

The other main reason why the crypto market is going up is the hope that the Securities and Exchange Commission will start approving crypto ETFs soon.

The agency has set October as the deadline for most altcoin ETFs, including popular names like Solana and XRP. These approvals will likely boost prices as Wall Street investors start buying as they have done with Ethereum and Bitcoin.

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October 5, 2025 0 comments

NFT Gaming

Defiance Proposes 3X Leveraged Exposure on Bitcoin, Ethereum Funds and Crypto Stocks

by admin October 4, 2025

In brief

The Defiance prospectus covers proposals for 49 ETFs offering three times leveraged long and short exposure.
The offerings include products focused on Coinbase, BitMine Immersion, Strategy, and ETFs tracking the prices of Bitcoin, Ethereum, and Solana.
Defiance already offers a number of two times leveraged funds for Strategy and Robinhood, among other firms.

An asset manager known for exchange-traded funds geared toward risk-embracing investors wants to ratchet up the possibilities for these thrill-seekers, filing an application for 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and ETFs that individually track the price of Bitcoin, Ethereum and Solana, among other assets.

The Defiance Investments’ N-1A prospectus filed Friday with the U.S. Securities and Exchange Commission includes proposals for the 3X leveraged and inverse leveraged ETFs for crypto exchange giant Coinbase, Bitcoin treasury MicroStrategy, brokerage Robinhood, Ethereum treasury BitMine Immersion, and USDC stablecoin issuer Circle. It also aims to provide similar exposure to Grayscale’s Bitcoin and Ethereum mini-trust ETFs, and Volatility Shares’ Solana ETF.

Defiance and other firms already offer a number two times leveraged ETFs that are geared toward short-term investors, asking them to speculate on the one-day direction of certain stocks, many of them in the technology sector.

The company’s current offerings include the Daily Target 2X Long MSTR ETF (MSTX) and Daily Target 2X Long HOOD (HOOX), which seek results that are two times the daily share price change of Strategy and Robinhood.

Three times leveraged funds are far rarer, with many observers of the space doubting that issuers would try to introduce more of these products, which can become a bad bet if the underlying asset veers in an unexpected direction. The prospectus itself warns repeatedly that the various funds proposed may not be right for all investors.

“Things are getting wild,” Bloomberg ETF Analyst James Seyffart quipped in a Friday X post on the Defiance offerings.

Still, the proposal with its crypto-focused products dovetails with issuers’ growing efforts to address investor demand for funds based on digital assets. On Friday, LeverageShares and Themes Trust included 3X long and short funds focused on COIN and HOOD among 14 ETFs in its proposal to the SEC.

As of late August, the regulator was weighing more than 90 ETFs tracking individual tokens, combinations of coins, and different strategies. Those applications, which once seemed unlikely, followed the raging success of spot Bitcoin and Ethereum ETFs, with the BTC funds alone now commanding about $150 billion in assets, according to data from analytics platform CoinGlass.

In a text to Decrypt, ETF.com Senior ETF Analyst Sumit Roy noted market concern about 3X funds and their potential limited audience.

“The conventional wisdom was that the SEC was only going to allow 2X leverage going forward, but these filings suggest that it may be willing to allow more volatile products to hit the market,” Roy wrote. “If they launch, these would be extremely risky funds designed for the most aggressive short-term traders.”

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October 4, 2025 0 comments

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Here Are 5 Token Picks for ‘Uptober’, According to BTG’s Crypto Arm Mynt

by admin October 4, 2025

Brazil’s largest investment bank, BTG Pactual’s crypto platform Mynt, has flagged five cryptocurrencies it believes are well-positioned for gains in October: bitcoin BTC$122,329.29, ether ETH$4,490.26, solana SOL$228.23, AVAX$30.17, and sky (SKY).

The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, reflect a broader optimism in the crypto market as U.S. interest rates ease and anticipation builds for new crypto ETFs.

Bitcoin remains the dominant institutional pick, with more than $3.5 billion flowing into spot ETFs in September and corporate treasuries adding 43,000 BTC, over $5 billion at current prices.

Mynt’s report describes it as a long-term anchor. “For those seeking a long-term pillar in their portfolio, BTC offers liquidity, network security, and a track record of adoption that extends beyond retail investors,” it reads.

Ether, it says, continues to lead in on-chain finance. BTG Pactual’s team pointed out the network concentrates the majority of stablecoin volume and real-world asset tokenization projects.

Over the last six months, U.S. spot ETFs added $11.3 billion in ETH, while corporate treasuries picked up 816,000 ETH in September alone. To the analysts, these flows show institutional appetite remains elevated.

Beyond the top two

Solana’s case hinges on speed and cost. The network, BTG Pactual pointed out, processed over $100 billion in decentralized exchange (DEX) volume for the third straight month, while its total value locked surpassed $30 billion for the first time in a sign of deepening DeFi liquidity.

The analysts added that institutional demand has been increasing with the potential arrival of new spot SOL ETFs, which could lead to greater flows and visibility.

“For those seeking exposure to high-performance infrastructure with growing adoption in real-world cases, Solana combines scale, competitive cost, and an accelerating network effect,” the report reads.

For AVAX, BTG Pactual highlighted its sharp growth in on-chain activity, noting that daily transactions increased by 46% and stablecoin transfers rose by 421% over the last quarter.

The network’s subnet architecture allows enterprises to spin up custom blockchains, boosting real-world use cases, it said.

Sky Protocol, the rebranded MakerDAO, rounds out the list. Its stablecoin, USDS, has a circulating supply of nearly $8 billion, and its Sky Savings Rate offers a variable return that’s currently at 4.75%.

Coupled with a token buyback program that’s already deployed $77 million, the report is positioning SKY as a revenue-generating DeFi token with long-term potential.

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October 4, 2025 0 comments

NFT Gaming

Coinbase, Samsung Alliance Deepens: Galaxy Wallet To Allow Direct Crypto Purchase

by admin October 4, 2025

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Consumer electronics giant Samsung has broadened its partnership with cryptocurrency exchange Coinbase, enabling Galaxy smartphone users to purchase crypto directly to their wallets.

Coinbase Integrates Samsung Pay On Platform

On Friday, October 3, US-based cryptocurrency exchange Coinbase announced the expansion of its partnership with Samsung. This renewed collaboration will grant Galaxy smartphone users in the United States direct access to crypto through its Coinbase One program.

According to the exchange’s website, Coinbase One is a membership program for crypto users, offering zero trading fees, boosted staking rewards, priority support, exclusive partner deals, and account protection for lost fund restoration due to unauthorized third-party access.

Additionally, this partnership expansion includes the integration of Samsung Pay on the crypto trading platform. The announcement revealed that this will allow Samsung Galaxy smartphone users to interact with cryptocurrencies and other blockchain services.

Coinbase’s Chief Business Officer Shan Aggarwal said in a statement:

Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto — starting with more than 75 million of Galaxy users across the U.S., and soon around the world.

The growing partnership between Coinbase, the largest cryptocurrency exchange in the United States, and Samsung is a hallmark sign of the ongoing shift in the US crypto landscape. Following the election of President Donald Trump in November 2024, the improved regulatory clarity has afforded crypto companies the freedom to push for further expansion.

Coinbase Revenue To Improve In Q3 2025?

The improving crypto climate in the US has not particularly translated to increased revenue growth for Coinbase. According to the shareholder report released in August, the crypto exchange recorded a revenue growth of just 3% in the year’s second quarter, its lowest in recent years.

These revenue growth numbers were not only low by the company’s standards but also lagged behind industry performance. For instance, Kraken registered an 18% jump in crypto revenues, while Robinhood posted almost a 100% increase.

Investors will be looking forward to the revenue report of the recently concluded third quarter, as it is likely to impact the crypto company’s shares. Coinbase shares (with the ticker COIN) witnessed a sharp drop in value following the release of the second-quarter revenue report.

As of this writing, COIN is trading at around 380.02, reflecting an over 2% jump in the past 24 hours. According to recent market data, the stock’s value has increased by more than 53% year-to-date.

The price of COIN on the daily timeframe | Source: COIN chart on TradingView

Featured image from iStock, chart from TradingView

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October 4, 2025 0 comments

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Jobs report in limbo, but Q4 could be stellar for crypto

by admin October 4, 2025

A crucial catalyst for the crypto market was supposed to be Friday’s U.S. non-farm payrolls data, but that’s now in limbo due to the government shutdown, which is currently in its fourth day.

Summary

The crypto market would have reacted to the upcoming U.S. non-farm payrolls data.
Some top coins like Zora, Optimism, and EigenLayer will have token unlocks.
This week marks the start of the fourth quarter, which is the best one for cryptocurrencies.

Economists polled by Reuters expect the report to show the economy added 39,000 jobs in September, up from 22,000 in August. The unemployment rate is expected to hold steady at 4.3%.

This labor market report will be critical for the crypto market, as it could influence the Federal Reserve’s next interest rate decision. A weaker jobs report would be bullish for cryptocurrencies, as it would increase the likelihood of a rate cut at the Fed’s next meeting.

Several Fed officials—including Raphael Bostic, Jerome Powell, and Austan Goolsbee—have recently expressed caution about cutting rates too soon, citing persistent inflation. Therefore, disappointing job numbers would strengthen the case for easing.

Major Token Unlocks

The market was also watching for several significant token unlocks this week. According to data from DeFi Llama, unlocks totaled around $280 million.

Zora, a popular token on the Base blockchain: $9.35 million worth of tokens, or 4.6% of its circulating supply.
Sui: $174 million worth of tokens, equivalent to 1.5% of its float.
Other notable unlocks included tokens from EigenLayer, Immutable X, Orderly, and Optimism.

Start of Q4 — Historically Bullish

Data from CoinGlass shows that Bitcoin’s average return in Q4 since 2013 is 85%, with a median return of 52%. Ethereum, since 2016, has posted an average Q4 return of 23%.

Given the recent market correction, the seasonal trend could support a potential rebound.

Looking ahead, the fourth quarter brings several key events that could drive prices higher. These includ

Together, these catalysts set the stage for a potentially strong finish to the year in the crypto market.

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October 4, 2025 0 comments

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What Happens to Crypto if Government Shutdown Lingers

by admin October 4, 2025

The U.S. government shut down this past Wednesday, furloughing any federal employees deemed non-essential and forcing the rest to work without pay (though they should receive backpay when the government is formally funded again). If the government reopens within the next few weeks, it shouldn’t have too much of an effect on D.C.’s crypto policymaking. The longer the shutdown stretches, however, the more delayed crypto efforts will be.

You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

The narrative

The government shut down on Wednesday, and at least as of press time, Democrats and Republicans do not appear to be close to a deal to reopen it.

Why it matters

As discussed in last week’s newsletter, the immediate effects of the shutdown are pretty straightforward: Market structure legislation will likely be delayed, federal agencies’ rulemaking will probably be delayed, and new spot crypto exchange-traded funds will not launch as many hoped in the coming days.

If the shutdown is just a few days — or potentially as long as two weeks — these efforts should resume pretty seamlessly. If the shutdown goes beyond that, the picture becomes much muddier.

Breaking it down

The longest U.S. government shutdown in history took place between December 2018 and January 2019, during President Donald Trump’s first term. At the time, Democrats controlled the House of Representatives while Republicans controlled the Senate. This latest shutdown is only a few days old as of press time, and could last just a few days or may stretch on further.

Perhaps the most immediate and tangible effect of the government shutdown on crypto issues is on exchange-traded funds. The Securities and Exchange Commission was expected to allow ETFs tracking the prices of assets like Solana SOL$225.07 and LTC$118.36 to launch this past week. While there was some movement last week and Monday, the clock ran out before all of the final paperwork could be pushed through, and the issuers have not yet been able to launch.

The SEC was able to finalize a pair of no-action letters prior to the shutdown as well. Other agencies, like the IRS, were similarly able to publish interim guidance prior to the shutdown.

Ron Hammond, head of Policy and Advocacy at Wintermute, told CoinDesk that, “It can’t be understated how busy the crypto policy developments have been.”

With the shutdown, policymakers are in limbo around these types of regulatory actions, he said.

On the legislative front, one individual familiar with the dynamics in Washington, D.C. said that they do not expect the timeline for market structure legislation to change much should the shutdown end within the next two weeks or so. While lawmakers are looking to hold a possible markup — a hearing where lawmakers debate bills before potentially voting to advance them to the full Senate (or House) — by Oct. 20, 2025, this seems unlikely, regardless of when the shutdown ends, given they are still working on the text of the bill.

Another individual familiar with these dynamics said an additional complicating factor for lawmakers and their staffers is the fact that the regulatory agencies they might consult with are currently furloughed, so the lawmakers writing the market structure bill won’t be able to receive feedback or answers to any questions they might have for these federal regulators.

Hammond said that December “is still feasible” for moving legislation through Congress at the moment.

“The longer this shutdown drags on, the more partisan bitterness seeps into the necessary bipartisan discourse on important topics like crypto market structure,” Hammond said. “Still, this shutdown drama isn’t affecting our calculus on odds of market structure legislation chances of passing being more probable than not before the 2026 election ramps up.”

Hammond said he was watching to see if a markup in the Senate Banking and Agriculture Committees by Thanksgiving.

This week

There are no hearings or events being held by lawmakers this week around crypto.

If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at nik@coindesk.com or find me on Bluesky @nikhileshde.bsky.social.

You can also join the group conversation on Telegram.

See ya’ll next week!

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October 4, 2025 0 comments

GameFi Guides

Crypto Exchanges Almost Out of Bitcoin: VanEck’s Matthew Sigel

by admin October 4, 2025

Bitcoin is on a bullish comeback move as the coin has gained 11.61% in the last seven days, as it inches closer to its all-time high (ATH) of $124,457. Amid this positive move, Matthew Sigel, VanEck’s head of Digital Asset Research, has dropped another bullish update.

Bitcoin self-custody moves tighten liquidity

According to Sigel, crypto exchanges appear to be experiencing declining reserves. In his post on X, Sigel stated that if the trend continues, at the start of business on Oct. 6, there might be a shortage of Bitcoin across the various exchanges.

He opined that it might be good thinking to acquire some Bitcoin before a shortage hits. However, a user immediately countered VanEck’s executive by noting that such a scarcity narrative has been making the rounds in the past four years.

Sigel’s reply is instructive as he insists that a scarcity was in play. “Well, I only got the calls from the exchanges today. I told them we aren’t selling,” he wrote.

Well I only got the calls from the exchanges today. I told them we aren’t selling 🤷‍♂️

— matthew sigel, recovering CFA (@matthew_sigel) October 4, 2025

This comment suggests that large holders and institutions like VanEck are being contacted to supply exchanges with Bitcoin. If this is true, it implies that there could be a supply shock with demand staying higher than supply.

It indicates that many Bitcoin holders have moved their coins off exchanges into self-custody, typically reducing liquidity. Such a scenario is a perfect condition to further drive Bitcoin prices higher.

As of this writing, Bitcoin is changing hands at $122,179.35, which represents a 1.52% increase in the last 24 hours. The flagship coin, which earlier hit an intraday peak of $123,944.70, is currently just 1.89% away from flipping its ATH.

The price surge has kept trading volume up by 1.12% at $73.51 billion within the same time frame. The uptick in activity suggests that the “Uptober” momentum is gaining ground.

Institutional bets signal new Bitcoin price peak

Worth mentioning is that the Bitcoin market looks ready to push the coin to a new ATH as investors have committed $45.3 billion in open interest on the asset. This extreme leverage move indicates that market participants are anticipating further highs from the leading cryptocurrency.

Meanwhile, Geoff Kendrick, Standard Chartered analyst, believes the coin has potential to hit $200,000 by the end of 2025. Kendrick drew a positive correlation between Bitcoin and U.S. Treasury term premiums, which are on the rise as a result of the government shutdown.

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October 4, 2025 0 comments

NFT Gaming

State Regulators Warn Crypto Bill May Hinder Prosecution

by admin October 4, 2025

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Multiple state authorities shared concerns about the upcoming crypto market structure legislation and its impact on their ability to prosecute fraudsters in crimes related to digital assets.

State Regulators Sound The Alarm Over Crypto Bill

Regulators from Alabama to Montana sounded the alarms over the highly anticipated crypto market structure bill, warning that it may “diminish their ability to pursue wrongdoers,” Bloomberg reported on Thursday.

Amanda Senn, director of the Alabama Securities Commission, told the news media outlet that the Senate’s draft of the legislation, the Responsible Financial Innovation Act, does not give state-level regulatory agencies implicit authority to supervise digital asset companies.

This oversight could mean that these authorities may not be able to prosecute offenders for fraud. Meanwhile, Federal enforcement against crypto companies has significantly decreased since the Trump administration took office in January.

Multiple federal regulatory agencies, including the Securities and Exchange Commission (SEC), Department of Justice (DOJ), and the Commodity Futures Trading Commission (CFTC), have shut down or reduced their digital asset-related enforcement units, dismissing most cases and investigations against crypto firms.

According to Cornerstone Research data cited by Bloomberg, the SEC had initiated nine crypto-related enforcement actions by the end of August, a significant drop from the 47and 33 actions taken in 2023 and 2024, respectively. At this pace, 2025 could see the lowest crypto-related enforcement actions since 2017.

“The dam is going to break,” Senn argued. “If you don’t have the states paying attention and prosecuting fraud, nobody is looking out.”

Montana State Auditor James Brown warned that the bill’s changes to the definition of an investment contract could “let criminals wiggle out of being prosecuted.” “What we are hearing from people, with all the national talk about the benefits of digital currencies and the theory that you are going to get rich quick, you’ve got two factors that lead to easy fraud,” Brown added.

State Anti-Fraud Protections In Danger?

State regulators have proposed changes to the market structure bill, which is expected to go into markup after late October. Some state officials explained that the Senate’s current draft language would not require crypto businesses to register with states or respond to their inquiries.

Additionally, the legislation would change the federal definition of an investment contract, adding new conditions and elements. In September, the North American Securities Administrators Association (NASAA) sent a letter to multiple Senators, warning them that Congress must preserve state anti-fraud enforcement authorities in the upcoming crypto bill.

The association argued that “it is critical that the resulting framework preserve state anti-fraud protections,” as they protect investors and are “essential in the ongoing fight against online scams.” To achieve this, NASAA offered two recommendations to the lawmakers.

First, they suggested that lawmakers reject provisions that redefine the investment contract test, explaining that “upending decades of securities law as contemplated in Section 105 will have devastating effects on anti-fraud efforts by adding so many elements and conditions to the investment contract analysis that form, not substance, will determine whether regulators can take action.”

Second, they recommended that Congress enact the Support Anti-Fraud Enforcement (SAFE) Act to ensure states have the anti-fraud authority necessary to respond to residents’ complaints involving digital assets.

Despite the concerns, some industry players disagree that the market structure bill will hinder state authorities’ ability to prosecute bad actors. Some suggest that regulators will be able to pursue criminals “in the name of consumer protection.”

“I do understand why a state would be worried about it, in particular if the federal system doesn’t engage in any enforcement,” Mauro Wolfe, leading partner of Duane Morris’s Digital Assets and Blockchain Group, told Bloomberg. “I do think this will be an area where defense lawyers will say the states can’t do it, and it will be litigated,” he concluded.

Bitcoin (BTC) trades at $120,863 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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October 4, 2025 0 comments

NFT Gaming

Suspected Crypto Scammer Linked to $580 Million in Stolen Funds Arrested in Bangkok

by admin October 4, 2025

In brief

Portuguese authorities suspect 39-year-old Pedro M. of orchestrating cryptocurrency and credit card fraud totaling €500 million across multiple countries including Portugal, Europe, the Philippines, and Thailand.
The suspect was discovered by a Portuguese journalist at a Bangkok luxury mall and arrested by Thai police using facial recognition technology.
Police say he’s been living illegally in Thailand since 2023.

A Portuguese man who police suspect of orchestrating cryptocurrency and credit card fraud worth $580 million (€500 million) has been apprehended in Bangkok, Thailand.

The man, identified as 39-year-old Pedro M. by English-language Thai newspaper Khaosod, was first spotted in a luxury shopping mall by a Portuguese journalist who was on holiday in the city.

Pedro’s last name was not confirmed by Khaosod, but his profile and images match that of Pedro Mourato, who’s well-known in Portuguese media.

Thai authorities say they confirmed his identity using facial recognition and biometric data. The police dispatched more than 10 plainclothes investigators to search the mall. Pedro M. was reportedly found while making a call on his smartphone with a “tense” expression.

Police say that Pedro, born in Lisbon, has been living in Thailand since 2023. He had managed to avoid an initial arrest warrant that was issued after he first entered the country and remained there. But he was there illegally after failing to renew his visa or officially register his address.

He reportedly continued his fraudulent activity in Thailand, allegedly defrauding investors of more than 1 million baht ($30,800) while in Bangkok. Citing Interpol databases, Khaosod says that Pedro has been implicated in frauds across the planet in Portugal, Europe, the Philippines, and Thailand.

Thailand Hits Back at Crypto Refugees

Fleeing to Thailand may not be an effective strategy for avoiding punishment for crypto crime. The Southeast Asian nation has nabbed plenty of suspected crypto criminals on the run over just the past year.

In May, a 30-year-old Vietnamese woman was arrested in Bangkok for her involvement in a cryptocurrency scam that allegedly deceived more than 2,600 victims and resulted in losses of roughly $300 million.

In August, Thai police apprehended a 33-year-old South Korean man at Bangkok’s Suvarnabhumi Airport for his alleged role in laundering cryptocurrency via gold bars for international criminals.

The same week, the 34-year-old “mastermind” of another fraudulent scheme was extradited to his home country of South Korea. The scheme was thought to have defrauded K-pop star Jungkook, a member of BTS, among many others.

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October 4, 2025 0 comments

Crypto Trends

Samsung Brings Coinbase Access to 75M Wallet Users in Latest Crypto Embrace

by admin October 4, 2025

In brief

Samsung has integrated Coinbase access within its wallet app in the United States.
The feature lets Samsung device owners more easily purchase cryptocurrency from their phones.
Samsung has been immersed in crypto for years via phone integrations, investments, and enterprise blockchain moves.

Tech giant Samsung has expanded its collaboration with crypto exchange Coinbase to offer its 75 million U.S. Galaxy device owners easier cryptocurrency access through Samsung Wallet and Samsung Pay.

First announced in July, the team-up now allows Coinbase users to purchase cryptocurrency directly within the app using Samsung Pay, streamlining investment management on its secure platform.

Samsung Wallet users receive exclusive benefits as part of the collab, including a free 3-month Coinbase One subscription. This premium membership offers zero trading fees on select assets, enhanced staking rewards, and partner offers. New traders also receive a $25 credit after their first Coinbase transaction.

“Samsung Wallet is a trusted tool to millions of Galaxy users, and we’re continually working to find creative ways to enhance the experience with added functionality,” said Drew Blackard, senior VP of mobile product management at Samsung, in a statement. “Coinbase is a leader in the industry, which made them the ideal partner to provide our users with seamless access to crypto.”

The companies suggested further international expansion to come in the months ahead.

Coinbase’s stock is up more than 1% on the day to a price of about $376 per share following the news, boosting its weekly spike to 20%. Crypto stocks are broadly up over the last week alongside rising asset prices, with Bitcoin topping a price of $121,000 on Thursday for the first time since mid-August.

Samsung has long embraced cryptocurrency and blockchain, making numerous investments in the industry while integrating crypto wallet and trading functionality on its devices for years.

The company first added crypto support to its phones in 2019 through its Knox secure enclave, later expanding asset support and enabling the use of hardware wallets with phones. The company also offered NFTs as pre-order bonuses for the Galaxy S22 phones. For a time, Samsung also operated an enterprise blockchain platform called Nexledger.

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October 4, 2025 0 comments