Tag: Coinbase

Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’

Crypto Bit News Staff

Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13. In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. The purpose of the visit was reportedly “to discuss the institutional cryptoeconomy with a range of prospects and clients.” During the meeting, the firm’s…

Coinbase Card Launches in Six European Countries

Crypto Bit News Staff

United States-based cryptocurrency exchange and wallet service Coinbase has launched its Visa debit card in six European countries, CNBC reports on June 11. As of today, cardholders in Spain, Germany, France, Italy, Ireland and the Netherlands will be able to use the cards, which sync directly to their Coinbase accounts. The card comes as both a mobile app for iOS or Android, and as a physical card that can be used to withdraw fiat currencies from automatic teller machines. Coinbase’s new offering purportedly allow users to spend cryptocurrencies they hold…

Coinbase Card is now available in Europe – The Coinbase Blog

Crypto Bit News Staff

From today, Coinbase Card will be available in six new countries across Europe, enabling customers in Spain, Germany, France, Italy, Ireland, and the Netherlands to spend their crypto effortlessly. Coinbase Card lets anyone with a Coinbase account in a supported country spend their crypto instantly worldwide. Since launching in the UK, Coinbase Card users have been spending their crypto as easily as the money in their bank accounts. From grocery shopping, to cocktails and dinner dates, Coinbase Card has become the go-to card in our customers’ wallets. To get started,…

Coinbase Expands Cryptocurrency Visa Debit Cards Across Europe

Crypto Bit News Staff

Cryptocurrency exchange Coinbase has expanded its Visa debit card service to six European countries, allowing customers in the region to spend their digital assets. According to a report from CNBC on Wednesday, the Coinbase Card is now available for users in Spain, Germany, France, Italy, Ireland, and the Netherlands. With the card, customers will be able to spend their cryptocurrency assets including bitcoin, ethereum, and litecoin in both online and physical stores that accept Visa. Coinbase first rolled out a cryptocurrency Visa debit card in April, exclusively for users based in…

Coinbase Earn Now Supports Ethereum-Based Dai Stablecoin

Crypto Bit News Staff

Major crypto platform Coinbase has added a course on MakerDao’s stablecoin dai in its educational portal Coinbase Earn, according to an official blog post by Coinbase on June 10. According to the post, dai is the first stablecoin covered by Coinbase Earn, which will offer videos and quizzes to help users learn about the token, and receive some Dai for their efforts. As summarized in the announcement, the Ethereum-based stablecoin Dai is backed by its sister token maker (MKR) and is balanced around retaining a stable value of $1 over…

Bitcoin Trading Volume on Coinbase Hits Year High

Crypto Bit News Staff

Bitcoin (BTC) trading volume on major cryptocurrency exchange Coinbase recently hit a high of 263,000 on May 12, a volume which has not been seen since February 4, 2018. Bitcoin most recently approached this number in November, with a peak of 259,000 on the 18th. Bitcoin 2-year volume chart. Source: Bitcoinity The Bitcoin price was similar between the two peaks at or above 263,000 volume, near $7,710 and $7,950 for May 12 and February 4, 2018 respectively, but these are larger than the similar peak on November 18 when BTC…

Bitcoin Trade Volume on Coinbase Hit a 14-Month High in May

Crypto Bit News Staff

Bitcoin trading volume on the largest US-based cryptocurrency exchange, Coinbase, hit the highest amount seen in 14 months in May. During the month of May, Coinbase facilitated the trade of 738,959.42 BTC — worth approximately $5.9 billion at current market prices — according to data from Bitcoinity. This development marks the exchange’s highest level of bitcoin trade volume since March of 2018. Additionally, it also represents the sixth-most voluminous month for bitcoin trading on the exchange to date. Perhaps not surprisingly, the rise in volume was accompanied by a 60 percent…

When is the “perfect time” to buy cryptocurrency? – The Coinbase Blog

Crypto Bit News Staff

Spoiler alert: similar to other markets, there’s no crystal ball that can predict the “perfect” time to buy — but dollar-cost averaging can make market volatility work in your favor. Please keep in mind that our discussion here is introductory and merely educational. Coinbase doesn’t provide investment advice, and this article shouldn’t viewed as investment advice. Always make your own independent assessment of whether any particular investment or investment strategy is right for you, your risk tolerance, and financial means, before entering into a transaction. When in doubt, consult with a licensed…

EOS Collapse Even with Plans of Voice and Coinbase Rewards

Crypto Bit News Staff

EOS is under pressure and reacting from $9.5 Block One readies for Voice As Facebook consults with the US CFTC, Block One plans to launch Voice. It is a social media platform where users won’t be products. Perhaps that will help steady EOS, which is down 20.5 percent week-to-date. EOS Price Analysis Fundamentals The ultimate quest for every blockchain project is to launch a useful platform. As the sphere matures, some projects are ambitious. Block One, the builder of the EOSIO platform, is a fitting example. Not only did they…

Coinbase customers in Canada can now link their PayPal accounts

Crypto Bit News Staff

Coinbase customers in Canada can use PayPal Following our recent announcements supporting PayPal in the U.S. and the EU, today we’re expanding PayPal support for our customers in Canada. Coinbase customers in Canada can now instantly transfer sale proceeds directly into their PayPal accounts. Coinbase is committed to being the most trusted crypto exchange and want to give customers the ability to access their funds in a way that’s reliable and safe. Support for PayPal provides immediate access to funds through one of the world’s easiest and most widely-used payment platforms.…