Coinbase has launched two major product expansions for UK users: 24/5 trading of nearly 4,000 U.S. stocks with zero commissions and fractional shares, plus over 170 crypto derivatives contracts with up to 50x leverage for professional investors.
Mark Esper, former U.S. Defense Secretary and Coinbase adviser, called on the Senate to pass the CLARITY Act in a Financial Times op-ed, arguing that digital asset regulation is essential to counter threats from China and North Korea. The appeal comes as Senate Majority Leader John Thune filed a motion to proceed on the bill, setting up a procedural vote for September.
US District Judge Shalina Kumar denied Coinbase's preliminary injunction bid to block Michigan state enforcement against sports event contracts, calling the company's arguments 'applesauce' and citing Third Circuit precedent.
U.S. District Judge Shalina Kumar rejected Coinbase's preliminary injunction request to prevent Michigan from enforcing gambling laws against its sports event prediction contracts, dismissing the company's arguments as 'applesauce.' The ruling follows Coinbase's December 2025 lawsuit seeking to establish federal jurisdiction over prediction markets.
Coinbase rolled out 24-hour, five-days-a-week trading access to nearly 4,000 US stocks for eligible UK customers on August 6, 2026, allowing users to trade equities and crypto within the same app with zero commissions and fractional investing starting at £1. The expansion marks a significant step in Coinbase's 'Everything Exchange' strategy to move beyond digital assets.
Coinbase began rolling out access to nearly 4,000 US stocks to eligible UK customers on August 6, 2026, offering 24-hour trading five days a week with zero commissions and fractional shares. The service integrates equities with crypto in a single app as part of the company's 'Everything Exchange' strategy.
Coinbase will consolidate its International Exchange institutional derivatives operations onto Deribit on September 9, 2026, following its $2.9 billion acquisition of the platform. The migration will force-settle existing positions and require clients to update APIs and close margin loans ahead of the transition.
Ark Invest acquired 273,343 shares of Circle Internet Group worth approximately $17.3 million and additional SpaceX shares worth around $20 million on August 6, following positive Q2 earnings from Circle and SpaceX's first earnings report since its June 2026 IPO. The purchases came after Ark had already bought $9.4 million in Coinbase and Circle shares earlier in the week.
Coinbase is suspending six non-USD trading pairs including CRO/USDT and MINA/EUR effective August 6, while Binance is removing four spot trading pairs (QNT/BTC, RPL/USDC, SIGN/BNB, SKL/USDC) on August 7 and delisting six tokens (ACX, HFT, PIVX, PYR, VANRY, VIC) later in August, citing low trading liquidity and volume.
POAP, which minted over 7.6 million on-chain badges for crypto events and collaborated with major companies like Coinbase and American Express, is winding down operations after failing to achieve profitability. Co-founder Isabel Gonzalez announced the shutdown on August 3, with the protocol entering maintenance mode.
Coinbase reported weaker-than-expected quarterly earnings, with analysts largely attributing the miss to broader cryptocurrency market weakness rather than company execution issues. Wall Street remains split on the timing of a potential recovery amid ongoing regulatory uncertainties.
New York's attorney general has filed a lawsuit against prediction market platform Kalshi, claiming the company operates illegal gambling operations without proper licensing. The legal action follows similar suits against cryptocurrency exchanges Coinbase and Gemini.
Coinbase reported a $359 million net loss for Q2 2026 on revenue of $1.22 billion, below the $1.29 billion consensus. This marks the company's third consecutive quarterly loss as crypto trading activity slowed, though prediction markets revenue doubled and trading market share hit a record 10.3%.
A court dismissed the majority of a lawsuit accusing Coinbase, the largest U.S. cryptocurrency exchange, of illegally selling securities without proper registration as an exchange or broker-dealer. The ruling represents a significant legal victory for the company in ongoing disputes over cryptocurrency regulation.
Binance.US CEO Stephen Gregory announced the exchange will apply for a CFTC Designated Contract Market license next month to launch prediction markets, joining competitors Gemini, Coinbase, Robinhood, Kalshi and Polymarket in the space.
Coinbase CEO Brian Armstrong publicly criticized crypto firms pivoting to AI as 'zero-sum thinking,' arguing instead that cryptocurrency will become more important in the AI era as autonomous AI agents need programmable money for transactions without traditional banking infrastructure.
BlackRock, Fidelity Digital Assets, Coinbase, Strategy, and other leading firms formed the Bitcoin Security Consortium, pledging $15 million over three years to fund Bitcoin security research, including post-quantum cryptography. The initiative follows Galaxy Digital's separate $5 million quantum readiness fund announced days earlier.
Cryptocurrency exchange Bybit has integrated xStocks tokenized equities into its Dual Asset structured product, offering fixed-return yield products backed by shares of SpaceX, Nvidia, Apple, Alphabet, Coinbase, and Amazon with investment periods ranging from 8 hours to 1 day.
Robinhood's Ethereum Layer-2 blockchain, launched July 1, 2026, has generated over $2 million in cumulative revenue and surpassed Coinbase's Base in daily active users, though on-chain data shows more than 80% of its $9 billion trading volume comes from memecoin speculation rather than its intended focus on tokenized stocks.
Mubadala Capital, the asset management arm of Abu Dhabi's $385 billion sovereign wealth fund, has launched a tokenized version of one of its private markets investment strategies on multiple blockchains including Solana, Sui, and Base, with Coinbase taking exposure in the fund through a partnership with Abu Dhabi FinTech firm Kaio.
Coinbase has introduced three offerings that enable businesses to accept payments from AI agents, expand agent-assisted crypto trading and help developers integrate x402 payments. The company also said agent traffic exceeded human traffic on Base documentation pages for the first time.
The U.S. Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle Coinbase's 2024 Freedom of Information Act lawsuit seeking internal documents from the agency's cryptocurrency crackdown under former Chair Gary Gensler, including text messages the SEC admitted were destroyed.
Protect Progress PAC, funded largely by Ripple Labs and Coinbase, has spent more than $2 million on ads supporting Rep. Shri Thanedar and opposing challenger Donavan McKinney in Michigan's 13th Congressional District Democratic primary ahead of next week's election.
Jordan Fish (Cobie), a Coinbase product executive, publicly acknowledged that the company and its Base blockchain platform have become too distant from crypto-native users and eroded community trust through preventable errors. The admission comes amid growing criticism and leadership changes at the company.
Coinbase executive Jesse Pollak handed Base app leadership to trader 'Cobie' after publicly acknowledging the network's push into on-chain social and creator coins 'was wrong,' refocusing Base on becoming 'the blockchain for global finance.'
The Linux Foundation has formally launched the x402 Foundation, backed by major payment networks including Visa, Mastercard, and Ripple, to create an open standard for internet-native payments by AI agents and applications. The protocol, originally developed by Coinbase, processed 75 million transactions worth $24 million last month.
A consortium of over 140 major financial and technology companies including Visa, Stripe, Mastercard, BlackRock, Coinbase, and Bank of New York Mellon launched Open USD (OUSD), a new stablecoin that shares reserve earnings with participants. The announcement caused Circle Internet Group shares to tumble 15% as the initiative directly challenges existing stablecoin leaders.
The CFTC and SEC issued a joint request for comment on clarifying definitions of 'swaps' and 'security-based swaps,' including for perpetual futures and event contracts, the same day CME Group announced plans to sue the CFTC over approval of perpetual futures for Kalshi and Coinbase.
India's Directorate of Enforcement filed a prosecution complaint against Chirag Tomar and seven other individuals and entities in connection with an alleged Coinbase spoofing scheme that stole more than $20 million.
Binance and Coinbase announced plans to offer 1:1 backed tokenized versions of U.S. stocks with 24/7 trading, while the DTCC prepares its first live demonstration of asset tokenization and the SEC proposes regulatory changes that could facilitate tokenized securities markets.
Coinbase has introduced "Coinbase for Agents," a new platform that enables AI assistants like ChatGPT and Claude to connect to users' accounts and autonomously execute cryptocurrency trades, access data, and make payments on their behalf.
Coinbase's quantum advisory council released a report urging cryptocurrency developers to begin post-quantum migration work immediately, highlighting the vulnerability of abandoned Bitcoin addresses and warning that handling these dormant coins could become a major challenge for the network.
Mastercard unveiled Agent Pay for Machines (AP4M), a protocol enabling autonomous AI agents to send and settle payments, including microtransactions under $1. The platform is being developed with partners including Coinbase, Stripe, and Ripple.
Coinbase partnered with Cardless to launch a stablecoin-backed credit card, while Visa and Mastercard are preparing to enter the stablecoin market and compete over AI agent payment infrastructure, challenging the decade-long dominance of Tether and Circle.
Coinbase has taken over as the official USDC treasury deployer on Hyperliquid using the AQAv2 framework, potentially adding $200 million in annual revenue, while BitMEX co-founder Arthur Hayes warns the protocol's token burn model could lead to market share losses.
Better Home & Finance and Coinbase announced the funding of the first Fannie Mae-backed conventional mortgage collateralized by Bitcoin. A Michigan couple closed on the loan, with plans for broader rollout this summer.
Coinbase unveiled a new product allowing eligible non-U.S. users to trade perpetual futures contracts tied to pre-IPO companies. SpaceX is the first offering, with contracts tracking the company ahead of its planned $75 billion IPO.
Visa and stablecoin issuer Brale have launched a proof-of-concept testing SBC stablecoin settlement on the Canton Network's privacy-preserving blockchain. Separately, Visa, Mastercard, and Stripe are reportedly backing a new stablecoin platform that Coinbase is considering joining.
Mastercard is enhancing its stablecoin settlement functionality to support regulated stablecoins including Circle's USDC, Ripple's RLUSD, and SoFi's offerings for credit card transactions and cross-border payments. The expansion comes as payment giants Stripe, Visa, and Mastercard are reportedly backing a new stablecoin platform that Coinbase is considering joining.
Coinbase Ventures purchased ENA tokens on the open market and announced a partnership with Ethena to develop onchain savings products, with a Coinbase integration set to roll out next week targeting their combined user base of over 100 million.
JPMorgan Chase CEO Jamie Dimon sharply criticized Coinbase CEO Brian Armstrong and the crypto industry's Clarity Act legislation, prompting Senate Banking Subcommittee Chair Cynthia Lummis to call his remarks 'distasteful' and claim he hasn't read the bill. The clash highlights escalating tensions between traditional banking and crypto interests in Washington.
Coinbase, Kraken, and Gemini are pushing lawmakers to eliminate provisions in the CLARITY Act that would bar listing of digital assets at risk of manipulation, seeking to ease restrictions on risky asset trading.
Coinbase reported first quarter 2026 revenue of $1.41 billion, a 31% decline that missed Wall Street analyst estimates as crypto trading volumes slumped despite the company achieving record market share.
Morgan Stanley began offering cryptocurrency trading through its E*TRADE platform at 0.5% transaction fees, undercutting competitors like Coinbase, Robinhood, and Schwab in a move that intensifies pricing competition among traditional finance firms entering crypto.
Coinbase announced it will eliminate approximately 700 positions, representing 14% of its global workforce, as CEO Brian Armstrong restructures the company around AI-driven operations and cost reduction. The move will cost $50-60 million in restructuring charges.
Coinbase and Senate leaders finalized a deal on stablecoin reward provisions, resolving a standoff with the banking lobby. The compromise prohibits rewards that mimic bank deposits while allowing 'bona fide' transactions, clearing a key obstacle for the CLARITY Act's advancement.
Coinbase filed with the CFTC to activate Trade at Settlement for XRP futures on May 1, allowing institutions to execute large block orders at the official closing price. XRP joins Bitcoin, Ethereum, gold, and crude oil in having this institutional trading feature.
Wisconsin Department of Justice filed lawsuit against five prediction market platforms, alleging their sports event contracts violate state gambling laws, citing platform language as evidence of gambling rather than investing.
Coinbase removed New York Attorney General's prediction markets lawsuit from state to federal court, setting up a jurisdictional fight over CFTC authority versus state gambling laws. The move follows New York's lawsuit against Coinbase and Gemini over alleged illegal prediction market gambling.
Coinbase CEO Brian Armstrong revealed the exchange is testing AI agents that replicate the decision-making styles of co-founder Fred Ehrsam and former CTO Balaji Srinivasan, providing high-level feedback to staff via Slack and email. Armstrong predicted AI agents will soon outnumber employees at the company.
Bernstein analysts forecast prediction market volumes will hit $1 trillion by 2030, identifying Robinhood and Coinbase as key distribution platforms. The firm sees 'asymmetric upside' for Robinhood with a $130 price target, noting sports betting as entry point rather than endgame.
Coinbase CEO Brian Armstrong publicly supported passing the CLARITY Act after Treasury Secretary Bessent urged Congress to advance the crypto bill, reversing the company's earlier withdrawal of support over stablecoin reward provisions.
A joint U.S., UK, and Canadian operation called Operation Atlantic froze over $12 million tied to cryptocurrency approval phishing scams, disrupted more than 120 fraud domains, and identified over 20,000 victims. Crypto firms including Coinbase and Kraken participated in the effort.
Senate Banking Committee Chair Tim Scott is expected to schedule a markup of the Digital Asset Market Clarity Act in the final two weeks of April, with renewed optimism following revised stablecoin yield compromise language.
Galaxy shareholders holding tokenized GLXY shares will be able to participate in proxy voting on-chain in May through a partnership with Broadridge. This represents the first implementation of on-chain corporate governance for tokenized securities.
Coinbase's x402 agentic AI payments protocol moved to neutral governance under the Linux Foundation on April 2, 2026, with backing from major tech companies including Google, Stripe, AWS, and Cloudflare. The protocol enables embedded payments in web interactions and AI agent commerce.
Stablecoin issuer Circle announced plans to launch cirBTC, a 1:1 Bitcoin-backed token on Ethereum aimed at institutional users seeking DeFi market access. The move positions Circle to compete with existing wrapped Bitcoin providers BitGo and Coinbase.
Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency to operate as a national trust bank, enabling it to offer federally regulated crypto custody services. The approval moves Coinbase closer to operating as a federally regulated custodian pending final compliance review.
Government-sponsored mortgage giant Fannie Mae will allow borrowers to pledge Bitcoin and USDC as collateral for conforming mortgages through a new program with Better Home & Finance and Coinbase, marking the first time digital assets can be used to back mortgages in the US housing finance system.
Senators and the White House have reached a tentative agreement to resolve the contentious stablecoin yield restrictions in the CLARITY Act, though the compromise has drawn mixed reactions from the crypto industry. Coinbase reportedly continues to oppose the updated draft language despite the agreement.
