Coinbase (COIN) Shares Under Selling Pressure After Bermuda Expansion
Coinbase (COIN) shares are experiencing selling pressure due to regulatory crackdowns and continued quarterly losses. CEO Brian Armstrong is reportedly considering leaving the US due to a lack of regulatory clarity. COIN stock price fell 4.19% to $64.44 on Wednesday, and there are concerns among investors about the company's offshore expansion plan to Bermuda and Abu Dhabi. Coinbase has received a license in Bermuda and is seeking one from the FSRA in Abu Dhabi. Despite the decline in trading volumes, Coinbase is actively expanding in Europe ahead of passing MiCA regulation by the European Parliament. Investors are questioning why Coinbase was approved to go public in the US if the SEC believes the exchange is operating illegally.
Coinbase Receives Regulatory License to Operate in Bermuda, Plans to Launch Derivatives Exchange
Coinbase was examining the possibility of launching an overseas platform for trading perpetual swaps linked to cryptocurrencies.
Coinbase Gets Bermuda License, Reportedly Plans Launch of Offshore Exchange
Coinbase revealed it had "received our regulatory license to operate from the Bermuda Monetary Authority" — the nation's financial regulator.
Crypto Market Declines as Bitcoin Falls Below $30,000 Alongside Equities and Blockchain Stocks
Bitcoin and other cryptocurrencies experienced a decline in early U.S. trading, with the leading cryptocurrency falling 3.8% to trade at $29,282 according to Binance data via TradingView. Ether also slipped below $2,000, with altcoins such as Binance's BNB, Ripple's XRP, and Cardano's ADA also experiencing losses over the past day.
Coinbase Turns To Europe For Growth Amid Clampdown By US Regulators
Coinbase CEO Brian Armstrong has hinted that the cryptocurrency exchange may relocate from the United States to the United Kingdom due to the US's lack of regulatory framework for cryptocurrencies. Armstrong tweeted about a "great meeting" with UK Economic Secretary to the Treasury Andrew Griffiths, praising the UK's positive outlook on emerging technologies and cryptocurrencies.
Coinbase Urges Global Cryptocurrency Adoption with "It's Time to Update the System" Ad in Financial Times
April 19 (Cointime) - Cryptocurrency exchange Coinbase published a print advertisement titled "It's Time to Update the System" in the United Kingdom's Financial Times newspaper, urging the global community to adopt cryptocurrency.
Coinbase CEO Brian Armstrong Calls for Cryptocurrency Adoption in Financial Times Ad
Coinbase emphasizes the need for a more modern, transparent, and secure financial system, stressing that cryptocurrency can provide these benefits.
Crypto is Going Offshore Unless the US Changes Regulatory Stance: Coinbase CEO
Brian Armstrong – Chief Executive Officer of Coinbase – thinks US and UK-based cryptocurrency entities could relocate to other countries if the domestic watchdogs do not implement proper legislation on the industry.
Optimism’s OP Token Rallies After Cryptic Tweet From A16Z Engineer
The native token of the Optimism blockchain, OP, rallied after an engineer at the crypto arm of venture capital firm Andreessen Horowitz (a16z) tweeted out a picture of an orange circle, accompanied by “coming soon.”
Coinbase is About to Go to Court With the SEC: Brian Armstrong
Coinbase is on the brink of legal warfare with the Securities and Exchange Commission (SEC) to reach long-awaited clarity on how federal securities laws apply to the crypto industry, according to CEO Brian Armstrong.
