Latest news with #BrianArmstrong
Yahoo
5 days ago
- Business
- Yahoo
Coinbase Sets U.S. Perpetual-Style Futures Launch as CEO Says Firm Is Buying Bitcoin Weekly
Crypto exchange Coinbase (COIN) will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to offer the globally popular product. The new vehicle, first available with bitcoin BTC and ether ETH, will trade on the Coinbase Derivatives Exchange, a CFTC-regulated venue. Unlike offshore perpetuals, which dominate global crypto derivatives markets but are not approved in the U.S., Coinbase's instruments are structured as long-dated futures with five-year expirations. They incorporate a funding rate mechanism that accrues hourly and is settled twice daily to mimic the price dynamics of perpetual swaps. Trading will be available 24/7 and settlements will be handled through regulated clearing. Separately, Coinbase CEO Brian Armstrong said the company also accumulates bitcoin on a regular basis as an investment. "We're buying more bitcoin every week. Long Bitcoin," Armstrong said in a Thursday X post in response to David Bailey, CEO of the bitcoin treasury firm Nakamoto Holdings. This comes after Coinbase CFO Alesia Haas revealed in the first quarter 2025 earnings call that the firm purchased $150 million in crypto, predominantly bitcoin. Coinbase holds 9,257 BTC worth nearly $1 billion on its corporate balance sheet and is one of the top 10 publicly-listed holders of the asset, according to the latest data compiled by in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Coinbase (COIN) Secures MiCA License in Luxembourg to Accelerate EU Expansion
Coinbase Global, Inc. (NASDAQ:COIN) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 20, the company secured a license from Luxembourg, paving the way for the company to offer cryptocurrency services across the European Union. Photo by Jeremy Bezanger on Unsplash The company secured the Markets in Crypto Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). It is a significant milestone as MiCA seeks to create a harmonized legal framework across all 27 EU member states. Coinbase becomes the first US crypto exchange to receive the license. 'Coinbase is all in on Europe, and we're advocating for crypto's future across the continent,' Coinbase CEO Brian Armstrong told CNBC. 'MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.' Since 2023, Ireland has been Coinbase's base for European operations. However, with the new license, it will shift its base to Luxembourg, given the country's forward-thinking financial hub. The country stands out as it has four blockchain-related policies, while Ireland lacks crypto-specific laws. Nevertheless, the company is still investing in Ireland with plans to add around 50 jobs to its local office. Coinbase Global, Inc. (NASDAQ:COIN) is a financial services company that offers a range of cryptocurrency products and services tailored for retail investors, institutional clients, businesses, and software developers. While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
24-06-2025
- Business
- Yahoo
Coinbase (COIN) Secures MiCA License in Luxembourg to Accelerate EU Expansion
Coinbase Global, Inc. (NASDAQ:COIN) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 20, the company secured a license from Luxembourg, paving the way for the company to offer cryptocurrency services across the European Union. Photo by Jeremy Bezanger on Unsplash The company secured the Markets in Crypto Assets (MiCA) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). It is a significant milestone as MiCA seeks to create a harmonized legal framework across all 27 EU member states. Coinbase becomes the first US crypto exchange to receive the license. 'Coinbase is all in on Europe, and we're advocating for crypto's future across the continent,' Coinbase CEO Brian Armstrong told CNBC. 'MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.' Since 2023, Ireland has been Coinbase's base for European operations. However, with the new license, it will shift its base to Luxembourg, given the country's forward-thinking financial hub. The country stands out as it has four blockchain-related policies, while Ireland lacks crypto-specific laws. Nevertheless, the company is still investing in Ireland with plans to add around 50 jobs to its local office. Coinbase Global, Inc. (NASDAQ:COIN) is a financial services company that offers a range of cryptocurrency products and services tailored for retail investors, institutional clients, businesses, and software developers. While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
21-06-2025
- Business
- Yahoo
S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis
S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis originally appeared on TheStreet. Brian Armstrong, CEO of Coinbase, issued a dire warning about the state of the global economy this week, pointing to soaring debt, inflation, and declining economic freedom as the key drivers of rapidly increasing crypto adoption. In a post on X, Armstrong stated, "The world needs crypto, now more than ever," while posting a chart that U.S. federal debt surpassed $34 trillion. Armstrong characterized crypto as a means to regain financial sovereignty, giving individuals the ability to avoid centralized institutions and be able to access fast and cheap global payments. "Economic freedom means it's your money," he shared while referencing the growing demand for Bitcoin and stablecoins as an inflation hedge against out-of-control fiscal policy. His explanation of Coinbase's phased strategy is in three phases. It started as a crypto investment platform, expanded into financial services, and is evolving into an application layer for the next generation of internet tools. He continued explaining the growth of Bitcoin's all-time high and stablecoins, which are adopting more quickly as proof that crypto is "eating the financial services industry." Coinbase made four announcements at its 2025 State of Crypto Summit: Coinbase Business for startups; payment APIs for easy USDC settlements (with Shopify as a proof point), options trading via Deribit integration, and a new Coinbase card with an American Express partnership offering up to 4% Bitcoin rewards. "People are feeling a lack of trust in their money and deficit spending," Armstrong said. "Crypto is the solution—and Coinbase is leading the charge." He added that this movement is not just about price, but about "building a financial system from the ground up." S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.
Irish Independent
20-06-2025
- Business
- Irish Independent
Coinbase becomes second major crypto firm to move regulatory hub out of Ireland in 2025
The company has obtained its Markets In Crypto Assets (Mica) licence, a foundational legal instrument for trading across the EU 27 countries, in Luxembourg. In 2023, Coinbase had said that Ireland was chosen from 27 EU countries to be its regulatory and operational hub for Europe, citing a 'stable political environment for technology innovation', 'respected regulators' and being 'a jurisdiction that is familiar and comfortable with both financial services and technology.' Since then, the Irish Central Bank has consistently denigrated crypto as a sector, with Governor Gabriel Makhlouf publicly branding virtual currencies as 'Ponzi schemes'. Coinbase CEO, Brian Armstrong, said in an interview with CNBC that the company has moved to Luxembourg for regulatory reasons. 'Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation,' he said. Earlier this year, another prominent crypto company also switched its regulatory hub away from Ireland, where it had initially established its European base. Gemini, the cryptocurrency exchange founded by the US billionaire Winklevoss twins, switched its headquarters from Ireland to Malta, citing a better environment for 'innovation among fintech and digital assets'. Senior figures in the Irish cryptocurrency and blockchain industry have expressed concern that a lack of Irish interest in cryptocurrency regulation is driving companies and jobs away. Earlier this year, the Central Bank tendered for consultants to advise it on crypto regulation, after the EU's main Mica rules had already come into force, prompting accusations of being a party-time regulator from prominent Irish crypto figures. In a move to reassure Irish staff of Coinbase's future here, the company's vice president and regional managing director, Daniel Seifert, said that it would soon hire more people for its Dublin office. ADVERTISEMENT "Regarding Ireland, we are happy to announce that Coinbase is doubling down on its commitment to the country and we are imminently adding around 50 jobs to our office,' he said. Coinbase is understood to employ over 100 people at present, having shed almost half of its staff during the tech industry's post-Covid layoffs. 'Our e-money licence through which we service customers across the EU is held in Ireland,' said Mr Seifert. 'I have relocated to Ireland, as CEO of the Irish entity, demonstrating our commitment to scaling international operations and deepening our presence in Europe, one of the most strategic and rapidly evolving crypto markets globally."
