US Could Buy $100 Billion In Bitcoin This Year: Coinbase Exec
Sebastian Bea, president of Coinbase Asset Management, believes a technical change to the way Washington accounts for its gold could unlock enough budget-neutral capital for a strategic Bitcoin purchase approaching $100 billion—years ahead of market expectations. In a 40-minute appearance on The Scoop with Frank Chaparro released Wednesday, Bea framed the idea as hiding in plain sight. “Sometimes the ideas are so big that people either can’t hear them or don’t want to hear them,” he said at the top of the interview. “But they’ve got to listen to this one.” By statute, the 261.5....
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Coinbase officials have suggested that they need to become the "Amazon Web Services of cryptocurrencies" as soon as possible. With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it's no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud."We want to be the AWS of crypto," said Coinbase chief product officer Surojit Chatterjee in an exclusive interview with Forbes. "We are building this whole Coinbase Cloud....
Coinbase published the company’s shareholder letter on Tuesday which detailed it made over $2 billion in net revenue during the second quarter. The firm said “Q2 was a strong quarter” for Coinbase as it saw both “growth and diversification” this year. While netting in $2 billion, Coinbase said it has 68 million verified users and the company also noted it has been working with Spacex, Tesla, PNC Bank, Wisdomtree, and Elon Musk. Coinbase Q2 Results: Over $2 Billion in Revenue, Retail Users Rise, 9,000 Institutional Customers Coinbase (Nasdaq:COIN) has published....
Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing.
Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion Under Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional demand for bitcoin in an interview with Heidrick & Struggles International, published on Friday. Tejpaul has 25 years of experience in sales and....
Coinbase co-founder Fred Ehrsam didn't hesitate to set lofty goals for his company entering 2014, as he quickly predicted his company would enroll no less than 10 billion-dollar businesses in its services before the year's end. It was a bold claim for the bitcoin merchant processor. At the time, Coinbase had enrolled just one billion-dollar merchant, Overstock.com, and despite enthusiasm that more would come aboard, months would pass without another major announcement. Then, just as quickly, the company's stable of major names expanded. In late May, the second billion-dollar merchant....