At the DealBook Summit, BlackRock CEO Larry Fink acknowledged Bitcoin’s utility, as Coinbase’s Brian Armstrong said the exchange is running pilots with major US banks. Major US banks are running early pilots involving stablecoins, crypto custody and digital-asset trading in partnership with Coinbase, CEO Brian Armstrong said onstage at The New York Times DealBook Summit. According to Bloomberg, Armstrong didn’t name specific institutions but warned that banks slow to adopt crypto “are going to get left behind.” His remarks were made during a joint appearance with BlackRock CEO Larry Fink on a panel at the event. Although Armstrong and Fink haven’t always aligned on crypto, the two struck a notably similar tone on Bitcoin. Armstrong dismissed the idea that Bitcoin could ever fall to zero, while Fink said he now sees a significant “use case” for the asset, though he did caution that Bitcoin is “still heavily influenced by leveraged players.” BlackRock’s iShares Bitcoin Trust (IBIT), launched in January 2024, is...
Though the US dominated the number of requests from agencies in individual countries, Coinbase reported a modest increase in the overall number outside the country. US-based cryptocurrency exchange Coinbase has released its annual transparency report, revealing that the company experienced a significant surge in requests from law enforcement agencies. In a report released on Monday, Coinbase said it had received 12,716 requests from law enforcement globally from October 2024 to September 2025, marking a 19% increase over the volume of requests reported in 2024. Of these requests, the exchange said that more than half — 53% — came from outside the United States, with 80% of all of them originating in the US, Germany, UK, France, Spain and Australia. Read more
The crypto exchange said the planned internal migration is a normal, "best practice" in the industry to maintain cybersecurity standards. Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known. The migration is not due to any cybersecurity breaches or external threats, according to an announcement from the company. Coinbase said: This means that large Bitcoin (BTC), Ether (ETH), and other token balances will be moving onchain from Coinbase wallets to other internal Coinbase wallets already labeled by blockchain explorers and intelligence platforms. Coinbase warned users that during the migration, scammers may attempt to exploit the situation by impersonating Coinbase representatives and reaching out to customers requesting login information or asking users to shift funds, which the exchange never does Read more
The crypto exchange purchased Vector for an undisclosed amount, the latest acquisition by Coinbase in 2025 after Deribit, Echo and others. US-based cryptocurrency exchange Coinbase said it will buy Vector, a decentralized platform built on Solana, in the company’s latest acquisition of 2025. In a Friday blog, Coinbase said the acquisition of Vector and its team was part of the company’s strategy to become an “everything exchange.” The crypto exchange did not disclose the amount it paid for Vector, but said the move would improve activity through “DEX trading integration.” “We’re excited to welcome the Vector team as we keep building toward one goal: making it easy for anyone, anywhere, to trade any crypto asset,” said Coinbase. Read more
Users can borrow up to $1 million in USDC against their Ether as Coinbase expands its Base-powered network, which has processed $1.25 billion in loans. Coinbase has launched Ether-backed loans for US users, allowing customers to borrow USDC against their ETH holdings without selling, in a new offering powered by Morpho and running on Base. The exchange said the product is available across most US states, except New York, with variable rates and liquidation risk tied to market conditions. Users can borrow up to $1 million in USDC (USDC) stablecoin. Coinbase plans to expand the program to other assets, including loans backed by its staked Ether (ETH) token, cbETH. Read more
Coinbase is rolling out its DEX trading platform to Brazil about six weeks after it launched in the US, offering Brazilians over 10,000 tokens to trade without leaving Coinbase’s app. Coinbase is expanding its decentralized exchange trading platform, called “DeFi Mullet,” to Brazil, providing them with access to tens of thousands of tokens without needing to leave the Coinbase app. Powered by Coinbase’s Ethereum layer 2 Base, DeFi Mullet first launched in the US on Oct. 8 and is designed to abstract away the complexities of using decentralized finance protocols. “Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface,” Coinbase said on Wednesday. Read more
Despite a $1 trillion crypto wipeout, a Coinbase executive said Bitcoin’s decline is structural and not bearish since few fundamentals have changed since its September price peak. Key takeaways: Bitcoin fundamentals remain intact despite the $1 trillion drop in the crypto total market cap. Long-term holders and institutional investors continue to absorb Bitcoin’s distributed supply. Read more
The US-based cryptocurrency exchange has not had a brick-and-mortar headquarters amid adopting its “remote-first” policy, but maintains offices in San Francisco and New York City. Cryptocurrency exchange Coinbase will reincorporate to Texas from Delaware, a move highlighting the respective states’ legal and regulatory environments. In a Wednesday X post, Coinbase Chief Legal Officer Paul Grewal said the crypto exchange would move its incorporation to Texas. In a Wall Street Journal op-ed, Grewal wrote that the climate in Delaware’s courts had become “rife with unpredictable outcomes,” while Texas offered “efficiency and predictability.” “This decision was not made lightly, but we’ll always do what’s best for our customers, our employees, and our shareholders,” said Grewal. Read more
Fortune reports that Coinbase’s $2 billion acquisition of BVNK fell through during due diligence, the final stage before closing a deal. Coinbase and stablecoin startup BVNK have reportedly parted ways on a $2 billion acquisition deal that would have been among the largest crypto company deals ever and would’ve significantly expanded Coinbase’s institutional stablecoin offering. Fortune reported on Tuesday that the decision was mutual, but it isn’t clear why the parties sought to cancel the deal. Coinbase and BVNK, which builds stablecoin infrastructure, had reached the due diligence stage of the deal after signing an exclusivity agreement in October. “After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward,” a Coinbase spokesperson told Fortune, adding that it would continue to explore other opportunities. Read more
Coinbase’s regulated platform reopens access to token offerings for retail investors after a hiatus of years since the peak of the ICO market. Coinbase is launching a new platform for primary token offerings, giving retail investors in the United States access to regulated cryptocurrency initial sales for the first time since 2018. The exchange plans to host about one token sale per month on its new platform, starting with blockchain protocol Monad, which will launch its native token for sale Nov. 17–22. Token sales will run for one week, during which time users can submit purchase requests. After the window closes, an allocation algorithm will favor smaller buyers first, gradually filling larger orders to ensure broad participation. Read more
Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Read more