Coinbase

Better-than-expected second-quarter results so far this reporting season have supported a rally in the S&P 500 Index, which is having its best earnings run ...

Crypto markets experienced a small dip after the Bank of England announced that interest rates would rise to 1.75% after reports emerged that inflation ...

However, one area that Dogecoin could have done more on is educating new users on the entire ecosystem and blockchain technology more broadly. Through RoboApe Academy, RoboApe will look to alleviate this issue and offer utility to new users through its free educational hub. This tactic is often used by experienced investors and is an excellent way to reduce your risk while still having the potential for large-scale returns. Moreover, although Coinbase has one of the largest user bases as a crypto exchange, the number of active users and trading volumes have been steadily declining since 2021. With many trading analysts still expecting Bitcoin to surpass $100,000 at some point over the next 3 years, investing in Bitcoin now could be a great option for a strong return on investment. However, Bitcoin has been steadily rising over the last month, with the token seeing a 16% gain as retail users continually buy Bitcoin. On Coinbase, the metrics as of writing showed the trading activity was 94.5% buys, and only 5.5% sells.

Short-sellers of the largest cryptocurrency exchange, Coinbase Global, lost a collective $887 million this week, according to S3 Partners, as shares rallied ...

Coinbase remains the 36th-largest U.S. equity short, and fourth largest in financial services.\n\nStill, short-sellers are up $606 million this year on their positions. The stock closed that day at $52.93 a share, down from the $254.65 average price at which ARK bought them. Short-sellers of the largest cryptocurrency exchange, Coinbase Global, lost a collective $887 million this week, according to S3 Partners, as shares rallied 48% to $93.05.\n\nAfter a bruising 75% year-to-date loss through July, Coinbase shares began rallying early in the week, accelerating after the firm unveiled a partnership with BlackRock Thursday. The price increases squeezed those betting against the stock, forcing them to close their positions by buying shares and reflexively leading to even higher prices, in what’s known as a short-squeeze.\n\nOver the past 30 days, short-sellers bought shares of Coinbase worth roughly $322 million to close out their positions, an 11% decrease in the total value of publicly available shares that are shorted.

US-based investment giant Blackrock Inc. has signed a deal with Coinbase to provide crypto trading option to its Aladdin Platform users, close on the heels ...

The integration of Coinbase prime will provide the institutional investors the option of seamless crypto trading based on insights and data. Blackrock had also introduced a Blockchain exchange-traded fund (ETF) in April, and the same month, it was declared “a primary asset manager of USDC cash reserves.” This connectivity with Aladdin will allow clients to manage their Bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”

The partnership between asset manager BlackRock and Coinbase signals a durability of institutional interest within the crypto segment.

“It’s also worth noting that for now the trading connection between the two is limited to bitcoin purchases.” “I think the strong demand from institutional investors will be one core bullish factor in the next crypto cycle,” Zheng said after the BlackRock deal. By connecting BlackRock’s investment platform, Aladdin, and Coinbase Prime, the companies are providing crypto trading, custody, prime brokerage and reporting capabilities to clients. The move follows other notable crypto efforts by TradFi titans this year that have gained headlines as potential catalysts for advancing the industry. “The partnership between BlackRock’s Aladdin and Coinbase does make it easier from a functionality standpoint for institutional investors to get involved and manage their cryptocurrency assets alongside their traditional investments, but I would be surprised if it opened the floodgates to adoption given that it doesn’t directly address the issues I mentioned,” Miller said. “We believe this news brings additional legitimacy and credibility to this emerging space, which will benefit our industry and customers,” a Fidelity spokesperson said of the BlackRock partnership with Coinbase.

BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin, taking the world's largest ...

Coinbase surged 15% to $92.61 at 1:20 p.m. in New York. The partnership with BlackRock provides some relief for the biggest US crypto-trading platform, whose stock had lost more than two-thirds of its value this year through Wednesday.

Shares of Coinbase soared Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin ...

The unusual jump in Coinbase this week could be related to investors who were betting against the stock scrambling to cover their short positions, a so-called short squeeze. Crypto has also gone down with the broader sell-off in risk assets and is further handicapped by the financial contagion that stemmed from the Terra collapse in the spring. That interest is a beacon in the night for the crypto community.

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational ...

Shares in cryptocurrency exchange Coinbase Global Inc soared more than 16% on Thursday after it announced that it had partnered with BlackRock , the world's ...

Institutional trading volumes on Coinbase in the first quarter of 2022 were $235 billion compared with $74 billion for retail customers, its filings show. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com