
April 22nd, 2025
After increasing more than 16% on the partnership news, Coinbase stock added 1.24% to $90.00 in after-hours trading.
A former manager at Coinbase recently pleaded not guilty to charges of insider trading and wire fraud.
Coinbase noted that there’s a growing interest among institutional investors for staking cryptocurrencies and generate passive income out of it.
Coinbase, like most other crypto-linked stocks, has seen its values plummet on the back of the recent crypto market crash.
Coinbase shares dropped by a large margin owing to reports that the exchange will be probed by the SEC for an operational indiscretion.
Coinbase is not taking the SEC’s allegations lightly. The exchange intends to dispute the regulator’s claims in every possible way.
Amid an underperforming crypto and equities market, JPMorgan states that firms such as Coinbase and Robinhood may resort to stock dilution.
Zipmex announced it is considering buyout offers from “various interested parties” after suspending customer withdrawals last week.
Before the heat between Coinbase and the SEC started, the crypto exchange was always conservative in its token listing.
The scheme, according to the Department of Justice (DOJ), ran from June 2021 to April 2022. Over the period, they profited from at least $1.5 million in illegal trades.
Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations.
As revealed by the platform, the equity offering will be opened to all investors across a wide range of jurisdictions.
With the impressive positive movements across crypto, shares of Coinbase increased by 9.07% to almost $59.
The Organismo Agenti e Mediatori’s amendment to its rules also follows the European Union’s ground-breaking regulations which seek to tame a volatile “Wild West” cryptocurrency industry.
Despite the layoffs, the company will not take its eyes off its core goals which are to build a sustainable and “build a foundational layer for new, peer-to-peer economies.”