Coinbase

Base creator Jesse Pollak has pushed back against criticism that Coinbase is selling ETH while benefiting from Ethereum, pointing to the exchange’s roughly 150,000 ETH corporate position and years of investment across the network. Pollak argued that Coinbase has held about 150,000 ETH through multiple market cycles, while describing the company as the largest ETH holder outside dedicated digital asset treasury companies by a wide margin. Coinbase’s latest regulatory filing backs up the scale of that position. The company held…

Coinbase has integrated Hyperliquid perpetual futures into Base App, giving eligible users access to more than 290 leveraged markets without leaving their self-custody wallet. The new product covers Bitcoin, Ethereum, equity-linked markets and commodities, with leverage reaching 50x on supported contracts. Hyperliquid handles trade execution and liquidity while Base App provides the user-facing trading interface. Coinbase Head of Engineering Chintan Turakhia called perpetuals the “single most requested feature from our power users”, with the company increasingly building Base App around…

Coinbase has secured regulatory permission in Abu Dhabi to establish an international tokenization hub, giving the exchange a regulated base for bringing traditional securities onto blockchain infrastructure. The company received Financial Services Permission from the Financial Services Regulatory Authority on August 11 to operate from Abu Dhabi Global Market, the UAE capital’s international financial center. Coinbase called the approval its most significant step yet toward building infrastructure for global onchain capital markets. The hub will support regulated securities tokenization, investment…

Strategy launched the Bitcoin Security Consortium, bringing together nine financial and crypto companies that have pledged $15 million over three years to support independent work on Bitcoin’s security. BlackRock, Coinbase, Fidelity Digital Assets and Strategy joined as founding members alongside Anchorage Digital, ARK Invest, Block, Blockstream and Galaxy. The commitments will support open-source developers, researchers and organizations working on Bitcoin’s code, testing infrastructure, cryptography and long-term resilience. Strategy Executive Chairman Michael Saylor framed Bitcoin security as a shared responsibility for…

Coinbase Business has processed more than $1 billion across over 5,000 companies as the exchange expands its crypto payment, trading and treasury platform for small and medium-sized businesses. Coinbase CEO Brian Armstrong said the product was growing through word of mouth without paid marketing, citing demand for payments, trading, treasury management and bill-payment services. The platform is available to eligible companies registered in the United States and Singapore. Businesses can connect a bank account, fund their Coinbase balance, trade more…

The U.S. Securities and Exchange Commission will pay $150,000 and revise its record-retention policies to settle a Coinbase-backed Freedom of Information Act lawsuit over communications involving former Chair Gary Gensler. History Associates filed the case in June 2024 on Coinbase’s behalf after the agency withheld records requested from senior SEC officials. The settlement ends the dispute after the agency acknowledged that text messages from Gensler’s government-issued phone were lost through an automated device-wiping process. Paul Grewal disclosed the settlement terms…

A community-launched memecoin tied to Coinbase CEO Brian Armstrong has lost more than 90% of its peak value after a brief profile-picture change triggered a rush of speculative trading on Base. Armstrong posted “New profile photo, who dis” on July 16 after replacing his X avatar with a pixelated character used by Coinbase Man, a memecoin trading under the BRIAN ticker. Armstrong did not create the token, promote its contract or describe the image change as an endorsement. Traders made…

Base creator Jesse Pollak is handing leadership of the Base App to Jordan Fish, better known as Cobie, after conceding that the network’s push into onchain social products failed to deliver the expected adoption. Pollak will remain in charge of the Base blockchain while the consumer application returns to Coinbase’s direct control. Cobie will lead the app team and work on turning it into a broader gateway for onchain trading, payments and applications. “I’m handing the Base App to Cobie…

The Linux Foundation has completed the operational launch of the x402 Foundation, placing Coinbase’s internet-native payment protocol under formal open governance with 40 financial, technology and blockchain organizations. Coinbase contributed the x402 protocol after developing the initial governing body with Cloudflare and Stripe. The Linux Foundation will provide a vendor-neutral structure where developers, payment companies, financial institutions and cloud providers can shape its technical development without control resting with one company or blockchain. x402 embeds payments inside normal HTTP interactions.…