Coinbase | Crypto

Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest. The US Department of the Treasury is facing conflicting feedback from crypto companies and traditional banking groups over how to implement the GENIUS Act, the law that regulates stablecoin payments in the US. In a letter on Tuesday, Coinbase urged the Treasury to limit a ban on stablecoin interest payments exclusively to stablecoin issuers, while allowing it for non-issuers, such as crypto exchanges. Coinbase said its proposal aligns with Congress’s intent when passing the legislation. At the same time, several banking groups, led by the Bank Policy Institute (BPI), have pressed the Treasury to extend the prohibition to non-issuers, advocating for a blanket ban on stablecoin interest payments. Read more

Coinbase’s Paul Grewal said the ICBA wants crypto to stay unregulated and is trying to keep competitors out with "regulatory moats."

The US-based cryptocurrency exchange applied for a national trust charter in October as part of its plans to “bridge the gap“ with traditional finance. The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance. In a Monday letter to the US Office of the Comptroller of the Currency (OCC) — the office responsible for approving banking applications — the ICBA said it “strongly opposes” Coinbase’s subsidiary applying for a trust charter. The letter cited “untested” elements related to crypto custody, as well as claims that Coinbase’s arm would “struggle to achieve and maintain profitability during crypto bear markets.”  “Imagine opposing a regulated trust charter because you prefer crypto to stay… unregulated,” said Coinbase chief legal officer Paul Grewal in a Tuesday X post. “That’s ICBA’s position. It’s ano...

Stablecoins are becoming an important source of income for Coinbase, as they accounted for about 20% of the exchange’s total revenue during the third quarter of 2025. Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, according to a report by Bloomberg, citing people familiar with the matter. The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. Read more

The chief policy officer said that the company was “proud to have supported the building of a new ballroom” in response to allegations of corruption from a US senator. Faryar Shirzad, chief policy officer at US-based cryptocurrency exchange Coinbase, has pushed back against many of the claims made by a US senator regarding ties to the Trump administration. In a Thursday X post, Shirzad responded to criticism from Connecticut Senator Chris Murphy, who claimed on social media that Coinbase was one of the cogs in US President Donald Trump’s “corruption factory” through its contributions to the political action committee (PAC) Fairshake and funding the 2025 inauguration. The senator drew a direct correlation between the funding and the US Securities and Exchange Commission (SEC) dropping an enforcement action against Coinbase, which was filed during the previous administration. Read more

The chief policy officer said that the company was “proud to have supported the building of a new ballroom” in response to allegations of corruption from a US senator. Faryar Shirzad, chief policy officer at US-based cryptocurrency exchange Coinbase, has pushed back against many of the claims made by a US senator regarding ties to the Trump administration. In a Thursday X post, Shirzad responded to criticism from Connecticut Senator Chris Murphy, who claimed on social media that Coinbase was one of the cogs in US President Donald Trump’s “corruption factory” through its contributions to the political action committee (PAC) Fairshake and funding the 2025 inauguration. The senator drew a direct correlation between the funding and the US Securities and Exchange Commission (SEC) dropping an enforcement action against Coinbase, which was filed during the previous administration. Read more

Crypto majors are down 1-3% after a major post-fomc dip yesterday; btc -3% at $110,100, eth -3% at $3,900, bnb +1% at $1,120, sol -2% at $192. Zec (+2%) and aero (+2%) led top movers. 870m+ was liquidated from the crypto market yesterday after bitcoin’s dip to $106,000 driving many alts down 5-10%+. Senator chris murphy has alleged that binance helped coordinate the trump memecoin launch in exchange for cz’s pardon (also featured on the wsj). Coinbase q3 beat revenue with ~$1.9b, transaction revenue tops $1b. Coinbase ceo brian armstrong also mentioned several keywords from prediction market mention markets, raising concerns over market integrity. Strategy (microstrategy) q3 reported ~$2.8b profit in q3 despite softer btc; treasury >$68b btc (640,808 btc). Drake & Adin ross were sued, with the class action lawsuit alleging misleading promos for crypto casino stake. Western union applied to trademark wuusd for its stablecoin.

The investment bank reversed its bearish call on Coinbase, citing renewed crypto momentum and potential U.S. regulatory breakthroughs.

Coinbase recorded another profitable quarter with $432.6 million in net income in Q3 on the back of $1.9 billion in revenue, while Coinbase’s Bitcoin holdings rose by 2,772 BTC. Coinbase’s Bitcoin stash grew by 2,772 BTC during the third quarter as it doubled down on its Bitcoin strategy and continued work to become an “Everything Exchange.” Coinbase’s Bitcoin (BTC) holdings have now reached 14,548 BTC, valued at $1.57 billion, according to its Q3 report on Thursday. Meanwhile, net income increased over fivefold to $432.6 million year-on-year, and total revenue rose to $1.9 billion, up 55% from a year ago.  This was bolstered by transaction revenue, which climbed to $1.05 billion, while subscription revenue — including stablecoin revenue and blockchain rewards — rose 34.3% year-on-year to $746.7 million. Read more

The expanded integration lets Coinbase Prime clients stake Solana, Avalanche and other proof-of-stake assets directly from custody. Institutional staking provider Figment has expanded its integration with Coinbase, allowing the exchange’s institutional clients to stake a broader range of proof-of-stake (PoS) assets directly from Coinbase Custody — a move that could drive adoption beyond Ethereum. Through the integration, Coinbase Prime customers can now use Figment’s staking infrastructure to access additional PoS networks, including Solana (SOL), Sui (SUI), Aptos (APT), Avalanche (AVAX) and others, the companies announced Tuesday. The partnership, which began in 2023, has already facilitated more than $2 billion in staked assets through Coinbase Prime. Read more

Coinbase has completed more than 40 high-profile mergers and acquisitions, investing billions of dollars in promising cryptocurrency startups and unicorns. With an estimated value of $100 billion, it’s hard to believe that a company like Coinbase needs to acquire new businesses to grow. But with $10 billion in cash on hand, the US’s biggest cryptocurrency exchange continues to seek out the next big opportunity in the sector. Coinbase has not been shy about writing checks in 2025. The exchange reportedly paid $2.9 billion in a cash-and-stock acquisition of cryptocurrency options trading platform Deribit in August. Then came its headline-grabbing $375 million acquisition of onchain capital raising platform Echo in October. Crypto Twitter was buzzing over the news, thanks to some genius marketeering involving Echo’s founder and influencer Cobie, who received $25 million from Coinbase as part of the deal to relaunch his long-dormant UpOnly podcast. Read more

Citi partners with Coinbase to pilot stablecoin payments as the bank forecasts a $4 trillion market by 2030, signaling Wall Street’s growing crypto embrace. Citigroup could become one of Wall Street’s first major banks to offer stablecoin payment services, marking a potential milestone in the broader adoption of tokenized dollars following the passage of the GENIUS Act earlier this year. According to Bloomberg, Citi has partnered with crypto exchange Coinbase to expand its digital asset capabilities, initially focusing on making it easier for clients to move funds between fiat and crypto. Debopama Sen, Citi’s head of payments, said the bank’s clients are increasingly seeking programmability, conditional payments and greater speed and efficiency, alongside round-the-cock payment access. Read more

Coinbase’s x402 protocol saw a 10,000% surge in transactions, processing nearly 500,000 payments in one week. The post Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity appeared first on Cryptonews.

Coinbase’s x402 protocol, which enables AI agents to transact autonomously over the internet, has seen a 10,000% rise in transaction activity over a month. An online payments protocol introduced by Coinbase in May that enables AI agents to transact in stablecoins over the internet has seen more than a 10,000% increase in transaction activity over a last month. At the time, Coinbase said x402 fixes “the internet’s first mistake” by resurrecting the Internet Communication Protocol’s Hypertext Transfer Protocol 402 — or HTTP 402 — to create a seamless payment system native to the internet. It lets AI — and humans — pay directly while using a website or app: they request something, receive a HTTP 402 “Payment Required” prompt, and then send a signed stablecoin payment, which x402 then verifies automatically. No credit cards required. Read more

JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a sharp stock rally. Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy. The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels. JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth.  Read more

JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a sharp stock rally. Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy. The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels. JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth.  Read more

JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a sharp stock rally. Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy. The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels. JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth.  Read more

Crypto exchange Crypto.com is the latest firm to apply for a national bank trust charter, joining a list that includes Coinbase and Circle.

The remaining “10%” of issues center mainly on DeFi, which Brian Armstrong says lawmakers are addressing carefully to preserve innovation. Coinbase CEO Brian Armstrong says he’s optimistic that US senators are moving closer to advancing key cryptocurrency market structure legislation by Thanksgiving, suggesting that there’s now far more agreement on both sides of the aisle than there are differences. “Even though the government is shut down, the Senate is working hard on getting market structure legislation passed for crypto,” Armstrong said in a video posted on X. According to Armstrong, roughly 90% of the legislative framework has already been agreed upon, with the remaining 10% focused on issues like decentralized finance (DeFi). He added that policymakers are looking for ways to protect innovation while ensuring that “centralized intermediaries, like Coinbase, should be regulated — not the protocols.” Read more

Coinbase CEO Brian Armstrong has said he is eager to work with lawmakers on crypto market structure, as Sen. Kirsten Gillibrand has convened a roundtable with industry leaders including Mike Novogratz and Sergey Nazarov, while Democrats’ proposal has drawn pushback over DeFi restrictions. The post Coinbase CEO ‘Eager’ To Get Market Structure Bill Done Ahead Of Senate Roundtable appeared first on Cryptonews.