Coinbase Hands Nearly $1M to Cryptsy Victims After Settling Class Action Lawsuit

Coinbase has settled a class action lawsuit brought by users of the former Cryptsy cryptocurrency exchange. According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to a previous lawsuit against Cryptsy. Lawyers for the plaintiffs, who announced the settlement Monday, have already won 11,325 BTC from this previous case. The plaintiffs created a webpage for potential Cryptsy victims – any individuals who used the exchange before 2015…

Introducing portfolios on Coinbase Pro

By Maggie Henry, product manager, Coinbase Pro. Customers can now trade out of multiple sub-accounts on Coinbase Pro. Portfolios allows traders to segregate trading strategies or operate multiple managed client accounts (if a fund of funds or asset manager). Volume-based pricing is calculated at the account level, so all your trading contributes to your 30-day volume. Many traders want to try new strategies in production, rather than leveraging sandbox environments — portfolios offer an easy way to create a new and segregated environment for new types of trades. Creation and…

Coinbase partners with DustAid to facilitate Crypto Donations to the NSPCC and others this Christmas

By Zeeshan Feroz, CEO, Coinbase UK Creating an open financial system takes its shape in many different ways, and in turn benefits people differently, too. That’s why this December we’re partnering with DustAid to enable our customers to donate crypto to three brilliant charities this Christmas. DustAid is an organisation that facilitates crypto donations to projects across the world. This partnership will allow Coinbase users in the UK to donate crypto to these important causes: NSPCC, the UK’s leading children’s charity that seeks to keep young people safe from abuse;…

Orchid (OXT) is now available on Coinbase

Starting today, Coinbase supports Orchid (OXT) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store OXT. OXT will be available for customers in all Coinbase-supported regions, with the exception of New York state. Additional jurisdictions may be added at a later date. Orchid (OXT) Founded in 2017 on the principle that the internet should be more open and more accessible to everyone, Orchid offers a decentralized VPN (virtual private network) service that connects individual internet users to a…

The Coinbase Pro mobile app is now available for Android

By Linda Xie, product manager, Coinbase Pro The new Coinbase Pro mobile app for Android delivers a world-class trading experience for investors on the go. Following the launch of the Coinbase Pro mobile app for iOS customers in October, today we’re making that same trading experience available to Android users. Designed to provide advanced crypto traders with the necessary tools to make trades on the go, the Coinbase Pro mobile app for Android enables traders to capitalize on market conditions at any time, wherever they are. As the dominant mobile…

Android Platform Now Home to Coinbase Pro Trading App

Coinbase has expanded compatibility for its trading platform, Coinbase Pro.  The Coinbase Pro mobile app is now available on Android’s operating system, Coinbase said in a Jan. 7 blog announcement. The exchange unveiled its Pro app for iPhone (iOS) users in October 2019.  Coinbase Pro on Android touts updates to the already-available iOS app version, including crypto and fiat currency (USD, CAD, etc.) deposit and withdrawal capabilities, as well as additional security features, the blog post said. Coinbase has also updated its Pro iOS app to include these capabilities. Controversy…

Coinbase Pro App Now Available on Android With 50 Trading Pairs

Coinbase Pro released a new Android application Tuesday, granting professional investors using the exchange access to high-speed trades and other activities. Product manager Linda Xie wrote in a blog post that Coinbase Pro customers in more than 100 countries could use 50 different trading pairs with its new Android app, released some three months after the company first launched an iOS app targeting its professional traders. Both apps offer deposit and withdrawal services, and “the mobile trading experience provided by the app offers the functionality of our desktop platform,” she…

Hundreds of Institutions Are Already Investing in Crypto: Coinbase CEO

In an extensive blog post about potential major trends in the cryptocurrency space in 2020, Coinbase CEO Brian Armstrong said that hundreds of institutional investors are already investing in the crypto market. Throughout 2019, with the launch of Bakkt, much of the year’s narrative surrounded the entrance of institutions into the crypto sector. According to the CEO of one of the biggest cryptocurrency exchanges globally, institutions are already actively investing in the emerging asset class and the trend is likely to continue throughout 2020. Will institutions further bolster the crypto…

Coinbase CEO Brian Armstrong Says 20s Will See an Anoncoin Go Mainstream

Brian Armstrong, co-founder and CEO of United States-based cryptocurrency exchange Coinbase, said that he believes a “privacy coin” will go mainstream in the 20s. In a post published on Coinbase’s official blog on Jan. 3, Armstrong said that he believes in the 20s we will see the integration of privacy features into one of the major blockchains. He also foresees a cryptocurrency with such features to go mainstream in the following years: “Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many…

Coinbase CEO Brian Armstrong Rounds Up the Decade in Crypto

Coinbase CEO Brian Armstrong published a Medium post on Jan. 2 sharing his thoughts on how the crypto space has progressed over the last ten years.  Armstrong’s post, inspired by Fred Wilson’s article on technology over the past decade, begins with Bitcoin. Armstrong noted that the leading cryptocurrency hasn’t failed once in its birth ten-year history. Despite any doubt about Bitcoin’s survival, Armstrong pointed out that the digital currency has actually thrived. “There were over 379 articles written, prematurely declaring the end of Bitcoin. Not only did Bitcoin survive, it thrived,…