Crypto News 

Coinbase Cryptocurrency Exchange Opens Tezos Staking to All US Customers

“United States-based cryptocurrency exchange and wallet service Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ)” writes Joeri Cant for cointelegraph.com. In exchange for locking up their assets in a staking wallet, customers get rewarded with more assets from the network.Kathleen Breitman, co-founder of Tezos, said at the time: After today, all eligible Coinbase customers holding Tezos on the exchange will be able to collect an estimated return for Tezos staking of around 5% per holding period of 35–40 days.Coinbase has been actively expanding its…

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Crypto News 

$2 Billion Since Launch: Coinbase Reveals Trading Fee Revenues

“Brian Armstrong, co-founder and CEO of Coinbase, revealed that the crypto exchange has generated nearly $2 billion in transaction fees revenue since its launch in 2012” writes Arnab Shome for financemagnates.com. In addition, to boost the crypto ecosystem, Coinbase is also investing heavily in startups working in the development of blockchain technology.With an array of crypto-based services for both retail and institutional traders, the exchange is valued at $8 billion.Speaking at Vanity Fair’s New Establishment Summit on Wednesday, Armstrong said that the exchange has generated more operating profits than the…

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Crypto News 

Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says

“American financial services company Fidelity Investments has fully launched its cryptocurrency custody service” writes Ana Alexandre for cointelegraph.com. Last fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto custody service to hedge funds, family offices and financial advisors.Recently, Kathleen Murphy, personal investing president of Fidelity Investments, said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients. Source: cointelegraph.com

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Crypto News 

Crypto Wallet Teams Up With Coinbase Custody to Ensure Cybersecurity

“The company reports that Coinbase Custody was developed with the intention to address the unique challenges of storing crypto assets” writes Viktoria Moore for cointelegraph.com. As Swipe reports, the digital assets stored with Coinbase Custody will be segregated and held in a trust.However, such an approach to the protection of users’ digital assets harbors certain risks.Moreover, Swipe intends to offer Swipe Credit Cards and real-time cryptocurrency credit lines in its crypto wallet. Source: cointelegraph.com

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Crypto News 

Ripple, Coinbase Invest in Mexico’s Biggest Crypto Exchange Bitso

“Earlier in 2019, Ripple launched On-Demand Liquidity (ODL) capabilities with MoneyGram into Mexico, where Bitso was a key exchange partner, Ripple added” writes Helen Partz for cointelegraph.com. Ripple, the firm behind the third biggest cryptocurrency XRP, has led an investment round in Bitso, one of the biggest crypto exchanges in the Spanish-speaking world.An early partner of Bitso, Ripple has led the new investment round to support the first cryptocurrency exchange in Mexico, the company officially announced on Oct. 14.As reported by crypto publication The Block, the new investment round also…

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Crypto News 

Coinbase UK Restores Fast Payments with Banking Startup ClearBank

“However, the bank cut ties the exchange probably in July, without disclosing any reason behind it publically” writes Arnab Shome for financemagnates.com. This will restore the services of the crypto exchange as fiat transfers were taking up to days after major lender Barclays cut ties with the exchange earlier this year.Barclays’ move also followed a similar end of banking relationship with the exchange by Santander UK. Meanwhile, Coinbase is also expanding its offering for its clients based in the United Kingdom. Source: financemagnates.com

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Crypto News 

Coinbase Pro’s Fees Surge 233% for ‘Lower-Volume’ Users, Whale Fees Drop

“Major United States-based crypto exchange and wallet service provider Coinbase has announced that it will increase trading fees again on its professional platform Coinbase Pro” writes Helen Partz for cointelegraph.com. Following another surge in March 2019, Coinbase Pro currently charges all accounts trading under $100,000 with a 0.15% maker fee and a 0.25% taker fee.The exchange wrote: The new trading fee structure caused outrage among the crypto community, with some Coinbase Pro customers pointing out that the fee change comes amid significant reductions on stock brokerages.Starting from Oct. 7, Coinbase…

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Crypto News 

Coinbase Reinstates Full GBP Support for UK Clients

“United States-based crypto exchange Coinbase has reinstated GBP transfers for its United Kingdom customers, according to an official announcement on Oct. 3” writes Marie Huillet for cointelegraph.com. One year later, Barclays reportedly severed its relationship with the exchange, leaving U.K. Coinbase clients waiting days to process their GBP deposits and withdrawals.Coinbase U.K CEO Zeeshan Feroz has said that both institutional and retail clients should soon be able to make GBP transfers in under 60 seconds but declined to officially confirm the name of the platform’s new banking partner. Source: cointelegraph.com

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Crypto Markets News 

Coinbase to Pay US Users Interest for Holding USDC Stablecoin

“In the announcement, Coinbase described USD Coin as a stablecoin that offers price stability by being backed by a reserve asset” writes Helen Partz for cointelegraph.com. Major United States-based cryptocurrency exchange and wallet service Coinbase now allows holders of USD Coin (USDC) to earn a 1.25% annual percentage yield (APY).According to the statement, Coinbase customers will be able to earn a return on their USD Coin holdings without having to sell or transact any cryptocurrency.At press time, USDC is the 23rd largest cryptocurrency by market capitalization of around $452 million. Source:…

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Crypto News 

Coinbase and Other Industry Leaders Form Council to Rate Cryptocurrencies

“San Francisco-based Coinbase has joined forces with other leaders in the crypto industry to form Crypto Rating Council, a member-operated organization formed to help market participants that trade or support digital assets comply with U.S. federal securities laws” writes Co-founder Managing Editor for sludgefeed.com. We expect and look forward to welcoming more organizations to the Council over time.” The asset ratings will score between 1 and 5.A score of 1 means the asset shares few or no characteristics consistent with a traditional regulated security.A score of 5 suggests that the…

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