
June 28th, 2025
U.S. cryptocurrency exchange Coinbase announced its plans to add support for Ethereum Classic, which caused a 25-percent jump in ETC price.
According to Coinbase, once the firm gets the regulatory license, it would soon expand its operations listing more digital tokens to its offerings.
Coinbase is working with the Japanese FSA to obtain a license with Mitsubishi UFJ Financial Group Inc. (MUFG) to be its prospective banking partner.
The rebranding of GDAX will make trading experience more easy and intuitive, while integrating the Paradex platform will give customers access to more digital currencies.
Along with Coinbase there were eight participants in this $8.2 million seed-funding round.
By offering advanced products for institutional investors, Coinbase tries to satisfy their growing demands in the crypto sphere.
Coinbase will be offering its block trading facility on its professional trading platform GDAX which will allow institutional investors to trade digital currencies in bulk.
Given the explosion of the cryptosphere, Coinbase’s valuations have soared by 500% during the last eight months.
Coinbase has said that the team of Earn.com will be completely integrated into Coinbase’s operations while its existing business will continue.
Commenting doubts regarding the status of its XRP cryptocurrency, startup Ripple insists on not classifying its token as a security.
The cryptocurrency exchange that has significantly stimulated the popularity of Bitcoin is trying to play by the rules of the game set by the United States Securities and Exchange Commission – and definitely does it in a beneficial manner.
Coinbase is now experiencing a period of active development and growth. In order to provide the best quality of its performance, a strong team is needed.
Coinbase Venture will help in offering finances to early-stage companies working in the blockchain and cryptocurrency space.
Ripple is said to have made lucrative offers to the crypto exchanges which could have possibly ensured huge liquidity for the XRP tokens.
The addition of support for ERC 20 tokens will be done across the entire range of digital asset products of Coinbase.