Coinbase Pro Has Good and Bad News Regarding Fees for Traders

Coinbase Pro is changing its fee structure later this week, with bottom tier traders seeing a hike and higher value clients paying less. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Friday, saying that, starting March 22, market makers and takers who fall under the pricing tier of up to $100,000 will be subject to total fees of 0.40 percent, as compared to up to 0.30 percent (taker only) currently. The $100,000 to $1 million tier will stay with the current total fee of 0.30 percent,…

Cardano (ADA) Volumes Almost Double, CoinBase Could Trigger Rally

Cardano (ADA) price up 17.4 percent CoinBase could offer support for ADA Transaction averages almost double in the last two weeks After dropping from the top 10, Cardano (ADA) is up 17.4 percent in the previous week. Because of this, it is one of the top performers and could register more gains if CoinBase supports ADA. Cardano Price Analysis Fundamentals On one end, CoinBase never-ending controversy makes them appear weak. However, as the third most liquid exchange after Binance and Liquid, their influence cannot be written off. The CoinBase Effect…

Stellar Lumens Is About to Begin Trading on Coinbase Pro

The Stellar lumen has just become the latest cryptocurrency to be listed on Coinbase’s professional exchange. Coinbase Pro announced Wednesday that it was accepting deposits of XLM, with trading support coming once sufficient liquidity is established. The process will take a minimum of 12 hours, according to a blog post. The cryptocurrency is not yet available on Coinbase’s retail platforms, including coinbase.com or its Android and iOS apps. Stellar was started by Ripple co-founder Jed McCaleb, with lumens aimed at being part of a low-cost payment network. According to Coinbase’s…

Coinbase Completes First OTC Crypto Trade Directly From ‘Cold’ Storage

Coinbase Custody has just completed its first over-the-counter (OTC) trade directly out of cold, or offline, storage. Announcing the news in a blog post on Wednesday, the San Francisco-based cryptocurrency exchange said the trade occurred after its Custody service had been “directly integrated” with the OTC desk at Coinbase Pro. The news, it said, was a “major unlock” for its clients as it marked the availability of “immediate” liquidity. Previously, a trader would have to withdraw assets from cold storage – where the private keys are kept on a device…

Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows

Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $13.5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. The hard numbers of the acquisition were previously unknown. The document leak comes after a week of turbulent developments following the February 19 acquisition. Community members, namely Block Digest podcast member Janine, began to raise ethical concerns stemming from the company’s shared past with Hacking Team, an Italian, man-in-the-middle software provider whose malware and spyware has been linked to…

Product Update — March 1st – The Coinbase Blog

As part of Coinbase’s commitment to prioritizing customer feedback and helping bridge the gap between traditional finance and crypto, our team is focused on constantly updating and improving the Coinbase experience. Here’s a look at what the team has been up to for the past couple months. Easily convert one cryptocurrency into another We announced a new feature, Convert, where you can convert one cryptocurrency into another. Instead of selling one cryptocurrency for a fiat currency like USD and then purchasing a different cryptocurrency with that USD, you can simply…

Reacting to Public Ire, Coinbase Drops Neutrino Execs With Hacking Team Ties

After a week of community discontent, cryptocurrency exchange Coinbase has decided to sever its business relationship with Neutrino employees who previously worked at the notorious Italian malware/software provider Hacking Team. Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes in a Medium post that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.” “We took some time to dig further into this over the past week, and together with the Neutrino team have come to an agreement: those who…

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar

Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange’s acquisition of the blockchain analytics firm. CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have any current affiliation with that company. It’s unclear exactly how many of Neutrino’s employees had worked for Hacking Team, except for the three senior executives listed on the blockchain-sleuthing startup’s website: CEO Giancarlo Russo, CTO…

Coinbase Bought Neutrino Because Its Old Analysis Providers Sold User Data

Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data. “The compelling reason for making the acquisition was that Neutrino had some industry leading, best in class technology. It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage…

XRP is now available on Coinbase – The Coinbase Blog

Starting today, Coinbase supports XRP at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store XRP. Please note that inbound transfers and many sends require the specification of an XRP destination tag. XRP will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York. XRP is the cryptocurrency used by the XRP ledger, which supports international currency exchange and remittances. The ledger is powered…