Coinbase has stopped staking services in Maryland, US
According to an email sent to affected users on November 2nd, Coinbase has stopped its staking service in the state of Maryland in the United States.<br>Coinbase stated that affected users can no longer immediately hold additional funds and will cancel any funds staked by users after June 5th, including any accrued rewards, which will be deposited into the user's primary balance. However, users will still continue to earn rewards from any staked balance and can also request to cancel rewards at any time.
Coinbase suspends staking services in Maryland
According to an email sent to affected users on November 2nd, Coinbase has stopped access to its staking services in the state of Maryland, USA. Coinbase stated that affected users will no longer be able to immediately deposit additional funds and any funds staked by users after June 5th will be cancelled, including any accrued rewards. They also stated that these funds will be deposited into the user's primary balance. However, users will still continue to receive rewards from any remaining staked balance, although these rewards will not be staked again, and users can also voluntarily request to cancel their staked rewards at any time. The email indicated that the Maryland Securities Commissioner issued a preliminary cease and desist order regarding Coinbase's staking services on June 6th. In addition to this order, the agency has launched a broader case against Coinbase. Coinbase has participated in discussions with the Maryland Securities Division and stated that it must now adjust its services in accordance with the progress of the case.
Coinbase shares fell 5% after hours
Cryptocurrency exchange Coinbase (COIN.O) released financial data showing that third-quarter revenue exceeded expectations, but trading volume declined for the second consecutive quarter. The stock price of the cryptocurrency exchange fell more than 5% in extended trading after the financial report was released, and the current trading price is $84.60.
Coinbase’s USDC interest income in the third quarter was US$172 million, an increase of 14% from Q2
Coinbase stated in its Q3 earnings report: "In the third quarter, we obtained new licenses that enable us to enter new markets and offer new products, and continue to promote clarity in U.S. regulation." The company generated $172 million in USDC stablecoin interest income this quarter, up nearly 14% from $151 million in Q2 USDC interest income.
In its quarterly outlook, Coinbase wrote: "We expect to achieve meaningful positive adjusted EBITDA for the full year 2023, a target that has been revised from our prior target of increasing full-year 2023 adjusted EBITDA in USD terms relative to full-year 2022."
CCData: Coinbase has the highest security rating among CEXs, and only Uniswap has an AA rating among DEXs
According to the latest exchange benchmark report released by CCData, seven centralized exchanges including Coinbase, Bitstamp, and Kraken received the highest AA rating. Coinbase stood out in the benchmark for centralized exchanges, having the highest security rating and replacing Bitstamp as the top exchange.
<br>In the category of derivative exchanges, 8 out of 27 platforms received the top rating of "BB+", with OKX leading the way and Bybit also receiving an AA rating.
<br>In decentralized exchanges, only Uniswap received an AA rating, recognized for its excellent security and liquidity. Curve received an A rating, while dYdX and GMX received a BB rating.
Regulatory compliance is on the rise, with 75 out of 107 centralized exchanges holding regulatory licenses according to VASPnet data. <br>
Coinbase opens cryptocurrency futures trading to U.S. investors
Eligible US traders can now participate in cryptocurrency futures trading through Coinbase Financial Markets. Coinbase revealed this new business in a blog post, after obtaining permission from the National Futures Association (NFA) in August to operate as a futures commission merchant (FCM). <br>
Coinbase will suspend trading of Moss Carbon Credit (MCO2) tokens
Coinbase has announced that it will temporarily suspend trading of Moss Carbon Credit (MCO2) around 2:00 PM Eastern Time on November 14, 2023, based on recent listing review results. Trading on Coinbase.com (both simple and advanced), Coinbase Exchange, and Coinbase Prime will be suspended. The platform has converted the MCO2 order book to limit order mode, and limit orders can be placed and cancelled, and may be matched.
Coinbase Chief Policy Officer: UK crypto-asset regulatory framework is setting a strong example for the United States and the world
Faryar Shirzad, Chief Policy Officer of Coinbase, stated on X platform that the UK's cryptocurrency regulatory framework is setting a strong example for the US and the world.
Suspected BIGTIME market maker address transferred 14.85 million tokens, which were later transferred to Coinbase
On October 30th, according to user @ai_9684xtpa, it was detected that the suspected market maker address for Big Time (BIGTIME) is transferring tokens. An address starting with 0x0aa transferred over 14.85 million BIGTIME tokens to a new address starting with 0xC63 over an hour ago. Afterwards, the address starting with 0xC63 transferred these tokens to a Coinbase address. <br>
FTX associated address transferred $2.67 million worth of LINK and $1.34 million AGLD to Coinbase
According to Lookonchain monitoring on October 27th, FTX/Alameda affiliated addresses transferred 253,862 LINK tokens (approximately $2.67 million) and 1.59 million AGLD tokens (approximately $1.34 million) to Coinbase this morning.
In addition, according to Arkham Intelligence data, the remaining $4.8 million worth of MATIC tokens in the FTX wallet were transferred to an intermediate address early this morning, and then the address transferred $1.8 million worth of tokens to Coinbase.
