Coinbase bows to the hype: A new crypto is about to be listed

Coinbase bows to the hype: A new crypto is about to be listed
фото показано с : invezz.com

2021-5-14 09:46

The leading US crypto exchange, Coinbase, recently revealed that its 2021 was nothing short of spectacular. The exchange hit a new record as far as revenue is concerned, reaching $1.80 billion in Q1. That is about $585 million more than what it made in Q4 2020, and $191 million more than what it earned in Q1 2020.

Coinbase Global, Inc. announced today the release of its first quarter 2021 shareholder letter. The letter, including the company’s financial results, can be found on the Investor Relations website at https://t.co/h2LGcznWvK

— Coinbase News (@CoinbaseNews) May 13, 2021

Of course, the growing interest in crypto had a major impact, particularly in 2021. The platform now has around 56 million users, and its transaction count has skyrocketed to 6.1 million per month. And, it, of course, held an IPO that increased the awareness of the brand, as well as confidence in it.

Coinbase’s big DOGE announcement

But, apart from just revealing the figures, Coinbase also announced a new decision it had made, and that is to list Dogecoin DOGE/USD. The announcement came as part of the same report, and it doesn’t quite add up to the image that Coinbase was aiming to build.

In the past, the exchange was very strict about the projects that it lists, requiring them to be extremely serious, with solid fundamentals, proper use cases, and a goal in mind. Dogecoin is the exact opposite of everything that Coinbase wants in its cryptos. But, with all the hype about the coin, Elon Musk’s support, the fact that it is the best performing asset of the year, and more — even Coinbase seems to have decided to bow down to the hype, and list DOGE.

It would seem that, even though Coinbase seriously dislikes uncertain projects, it dislikes missing out on opportunities even more. DOGE is likely to see even more traffic and hype, given that Elon Musk recently revealed that Tesla will stop accepting BTC payment, blaming the environmental issues related to BTC mining. Since DOGE’s carbon emissions are significantly lower, it is likely that DOGE might become Tesla’s next go-to coin.

The post Coinbase bows to the hype: A new crypto is about to be listed appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

coinbase exchange crypto new far record spectacular

Источник: invezz.com

coinbase exchange → Результатов: 126


Coinbase CEO claims SEC said ‘every asset other than Bitcoin is a security’

The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to stop trading in all cryptocurrencies besides Bitcoin. In an interview with the Financial Times, Brian Armstrong, Coinbase CEO, revealed the US Securities and Exchange Commission (SEC) asked Coinbase to halt trading in all cryptocurrencies except Bitcoin before launching its legal attack against the exchange.

2023-7-31 10:28


News Flash: Coinbase adds Zcash (ZEC) on its Exchange Trading Platform

Coinbase Pro, the exchange platform of Coinbase announced this morning that Zcash (ZEC) holders can start sending their funds to their accounts on the exchange. According to the announcement on Coinbase official blog, Coinbase Pro started accepting deposits at 10am today 29 November 2018 and the deposits will last for at least 12 hours after […] The post News Flash: Coinbase adds Zcash (ZEC) on its Exchange Trading Platform appeared first on ZyCrypto.

2018-11-30 23:24


Possible Factors Behind Coinbase Trading Volume Drop of Over 83%

There seems to be a strong tsunami that is hitting the entire cryptocurrency market, irrespective of the activities involved, whether coin investment or the crypto exchange market. Presently, Coinbase is the largest cryptocurrency exchange and it experienced some diversification into hedge fund management in other to reduce the fear that institutional investors have regarding the […] The post Possible Factors Behind Coinbase Trading Volume Drop of Over 83% appeared first on ZyCrypto.

2018-8-22 01:36


Фото:

Coinbase Fraud Accusations Could Set Coinbase Domination Plans Back

Coinbase want to become the worlds biggest and best cryptocurrency exchange. This is hardly surprising as I am sure every cryptocurrency exchange would want to achieve that accolade. Either way, we are seeing reports today that discuss how Coinbase has had a number of complaints filed against it in the United States, complaints that now looking to be engaging the involvement of the US Securities and Exchange Commission (SEC).

2018-6-22 18:00


Coinbase CEO: ‘I’ve Come To Enjoy’ Bitcoin Price Lows

Coinbase CEO Brian Armstrong says he “enjoys” Bitcoin price downturns as it “distracts” those not “making progress. ” Armstrong: Downmoon ‘Allows For Progress’ In a series of tweets aimed at the employees of the United States’ largest cryptocurrency exchange and wallet provider, Armstrong compared three cycles of Bitcoin prices from 2013, 2014, and 2017, respectively — noting the market leader’s “up and down cycles.

2018-6-20 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin [DOGE] decouples: Does Elon Musk have a role to play?

DOGE’s price surged by more than 7% in the last 24 hours.  Most metrics and market indicators supported the uptrend.  The crypto market somewhat turned bearish over the last 24 hours, buThe post Dogecoin [DOGE] decouples: Does Elon Musk have a role to play? appeared first on AMBCrypto.

Dogecoin's 280K new addresses - Traders, is this a buy signal for you?

New demand for DOGE peaked during the week Memecoin's MVRVA ratio hinted at a buying opportunity too According to IntoTheBlock, the crypto-market's leading memecoin Dogecoin [DOGE] has recorThe post Dogecoin's 280K new addresses - Traders, is this a buy signal for you? appeared first on AMBCrypto.

Worried about Dogecoin's 30% drop? Analysts predict...

DOGE's current trajectory was similar to its pre-2017 and 2021 bull market phases. Several user cohorts were accumulating DOGE, possibly motivated by history. Much to the community's relief,The post Worried about Dogecoin's 30% drop? Analysts predict... appeared first on AMBCrypto.

Dogecoin [DOGE] continues decline, but will THIS turn things around?

Dogecoin has declined for ten days straight. Millions were moved into a wallet despite the recent decline. Dogecoin [DOGE] experienced a substantial movement of its tokens recently, drawing The post Dogecoin [DOGE] continues decline, but will THIS turn things around? appeared first on AMBCrypto.