
August 28th, 2025
The country recorded the lowest cryptocurrency trading volumes in over 12 months last week. Some analysts have linked this situation to the pullback in trading from Jump and Jane Street.
Coinbase shares edged 7.56 per cent higher on Monday to close the day trading at $61.07.
By launching the subscription service, Coinbase is seeking to expand its global reach.
Brad Garlinghouse said that many other jurisdictions have done a better job than the US in providing clarity to crypto players.
The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore.
The regulator argues that it is under no obligation to meet the requirements outlined in Coinbase’s recent petition.
With crypto giant Coinbase seeking a license to operate in Bermuda, the country’s crypto market is buzzing with activity of more US firms showing interest.
The Coinbase Global Advisory Council will work together with top executives among other regulatory council members for the same common goal.
Amid the US regulatory crackdown and the fall of the crypto-friendly banks recently, the lack of liquidity has become a major issue currently in the market.
The exit of Jane Street and Jump Crypto will contribute to the liquidity crunch in the market segment and this outlook is unhealthy for the industry.
US District Judge stated that the attempts by the former Coinbase manager and other participants of the case to cover up their scheme indicate that knew their actions were wrong.
Garlinghouse expects the Judge to issue a summary ruling on the SEC vs Ripple case before the end of this year.
The SEC served Coinbase with a Wells Notice in March to signal an upcoming enforcement action against the exchange.
According to the chief investment officer at Coinbase, the crypto firm is venturing into the derivatives market in order to better serve the international customer base.
The demise of several United States regional banks including PacWest has come amid the rise of top banks – like Bank of America, and JPMorgan – and Fintechs – like Binance, and Coinbase Global.