Global #Coinbase

In recent days, Coinbase, the largest U.S. cryptocurrency platform, has experienced an unexpected resurgence in its mobile app popularity.

In a significant development, the SEC found itself under intense questioning during a recent hearing in the Third Circuit Court of Appeals, where Coinbase took the opportunity to press the agency for clearer cryptocurrency regulations.

Eric Balchunas, a senior ETF analyst at Bloomberg, recently shared insights on BlackRock's operational diligence regarding its Bitcoin ETF. On the X platform, he highlighted that BlackRock runs its own blockchain node and conducts nightly checks of Bitcoin balances from wallet addresses at Coinbase Prime.

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.