Global #Coinbase

Coinbase, a leading cryptocurrency exchange listed on Nasdaq, has introduced a new tokenized version of Bitcoin called cbBTC. This token is now available on both Ethereum and Coinbase's Layer-2 network, Base.

In a significant shift within the U.S. cryptocurrency market, Coinbase has seen a notable decline in its market share. Earlier this year, Coinbase held over 50% of the market, peaking at 55% in March.

Coinbase achieved a partial legal victory against the U.S. Securities and Exchange Commission (SEC), potentially gaining access to crucial documents that could shed light on the agency’s classification of digital tokens as securities.

In a move to further expand its offerings, Coinbase has announced the upcoming listing of Across Protocol (ACX) on its platform.

Leading digital currency trading platforms, including Coinbase Global Inc., KuCoin, and Gate IO, are pursuing licensing in Turkey as they face regulatory hurdles in the United States. This move reflects a broader trend of crypto exchanges seeking more favorable regulatory environments to support their operations and growth.

Coinbase is set to introduce a new wrapped Bitcoin token named cbBTC, launching on its Base blockchain. The announcement, made via a tweet, highlights Coinbase’s ambition to create a substantial Bitcoin economic system within the Base network.