Latest news with #CoinbaseAssetManagement
Yahoo
14 hours ago
- Business
- Yahoo
Coinbase Revives Stablecoin Funding Program to Bolster DeFi Liquidity
Crypto exchange Coinbase (COIN) said on Tuesday it is reviving its Stablecoin Bootstrap Fund, aiming to boost stablecoin liquidity on decentralized finance (DeFi) markets. The initiative will be managed by Coinbase Asset Management and begins with deployments on Aave, Morpho, Kamino and Jupiter, according to a blog post. The exchange first launched the program in 2019 to help protocols seed early trading pools for USDC stablecoin. That effort supported early platforms like Uniswap (UNI), Compound (COMP) and dYdX (DYDX) and helped spearhead USDC in the DeFi ecosystem, which is still the most widely used stablecoin in the sector. In its new iteration, the initiative will allocate capital across both established and emerging protocols, aiming to ensure users can access stable yields and efficient markets. While Coinbase has not disclosed the size of the fund or specific amounts for each deployment, a company spokesperson told CoinDesk it will test placements across multiple networks before scaling further. Currently, the fund provides capital in USDC and EURC, Circle's euro-pegged stablecoin, the company added. Coinbase's move comes as the DeFi sector's growth is accelerating amid red-hot crypto markets and easing regulatory headwinds in the U.S. There are almost $200 billion of assets held across DeFi protocols collectively, nearly doubling since April but still below its 2021 peak, DefiLlama data in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
Apex Invest Digital Selects Coinbase Asset Management as Headline Sponsor for Inaugural Apex Invest Digital Program
NEW YORK, Aug. 7, 2025 /CNW/ -- Apex Invest is pleased to announce Coinbase Asset Management as Headline Sponsor for the inaugural Apex Invest Digital, a new initiative connecting investors with the institutional digital asset market.
Cision Canada
6 days ago
- Business
- Cision Canada
Apex Invest Digital Selects Coinbase Asset Management as Headline Sponsor for Inaugural Apex Invest Digital Program
NEW YORK, Aug. 7, 2025 /CNW/ -- Apex Invest is pleased to announce Coinbase Asset Management as Headline Sponsor for the inaugural Apex Invest Digital, a new initiative connecting investors with the institutional digital asset market. Taking place on September 22, 2025, at the Lausanne Palace, Switzerland, Apex Invest Digital has been developed in partnership with Penrose Partners, a leading digital asset advisory firm. The program aims to equip institutional investors with the knowledge, tools, and trusted relationships needed to navigate the evolving digital asset landscape. Apex Invest Digital takes place ahead of Apex Invest Europe (September 23-24, 2025), which brings together LPs and GPs globally for two days of exclusive content, networking, and one-on-one meetings. Together, the events create a comprehensive three-day conference for institutional investors to explore both digital and traditional asset opportunities. As the headline sponsor, Coinbase Asset Management will play a key role in achieving this vision. "We are proud to be selected as headline sponsor of Apex Invest Digital," said Anthony Bassili, President of Coinbase Asset Management. "As Apex Group expands into the digital asset ecosystem, we're pleased to work together as we provide institutional allocators with critical education, insights, and access to digital asset investment opportunities." "With the launch of Apex Digital 3.0, we bring all financial players together to unlock a new era of distribution," said Daniel Coheur, Global Head of Digital Assets at Apex Group. "Through Apex Invest Digital, LPs gain direct access to curated digital assets, bridging the notable gap in distribution. This is what sets Apex Digital 3.0 apart. We're pleased to work with Coinbase Asset Management to deliver real value and broader investor access." To set the stage ahead of the in-person event, Apex and Coinbase Asset Management will host a series of educational webinars for institutional investors interested in learning more about digital asset investments, highlighting key trends across institutional-ready products and frameworks for evaluating digital asset opportunities and risks. Tickets and sponsorship packages for Apex Invest Europe and Apex Invest Digital (Europe) are now available at About Penrose Partners Founded in 2019, Penrose Partners is a digital asset consultancy that advises public and private sector institutions on strategy, business development, and education programs. Penrose's mission is to help drive the global adoption of digital assets to create a more open and inclusive financial system. The firm works at the intersection of innovation, regulation, and enterprise, supporting leading organizations including Coinbase, Circle, 3iQ, the NEAR Foundation, and the Government of Bermuda. Headquartered in Bermuda, Penrose Partners operates globally across London, Montreal, New York, and Toronto. About Apex Group Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent. Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals. Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands. The Apex Foundation, a not-for-profit entity, is the Group's passionate commitment to empower sustainable change.
Yahoo
28-04-2025
- Business
- Yahoo
Coinbase Targeting 4%-8% Returns With New Bitcoin Yield Fund
Coinbase Asset Management is rolling out a new fund for institutions to receive a yield on their bitcoin (BTC) holdings. Opening on May 1 for non-US institutional investors, the Coinbase Bitcoin Yield Fund aims to deliver a 4% to 8% annualized net return, according to a press release on Monday. Among those backing the fund, Abu Dhabi-based Aspen Digital said yield will initially be generated through basis trading, with lending and options strategies to be used in the future. The so-called bitcoin basis trade involves capitalizing on the spread between futures and spot markets. It became popular at the tail end of 2024 as hedge funds notched a record high of $14.2 billion in BTC short positions, whilst simultaneously buying spot bitcoin ETF shares. The strategy produces yields depending on the spread between both markets, but isn't immune to risk. For instance, if an entity was short $1 billion on a BTC futures product and the price of BTC was to wildly surge, that entity would need to keep adding margin to avoid liquidation. Also, as the trade becomes more crowded, the spread and subsequent yield could become very thin. This has already led to a number of hedge funds exiting the trade early this year, with the short figure on Chicago Mercantile Exchange now standing at $8.4 billion, down from $14.2 billion four months prior. Coinbase's new product stirs memories of former crypto lender BlockFi's yield platform, which opened in 2019 but ultimately failed alongside crashing prices in 2022. BlockFi's fund, however, differed from Coinbase's latest product in that it generated its yield through lending, rather than a lower-risk basis in to access your portfolio
Bloomberg
28-04-2025
- Business
- Bloomberg
Coinbase to Launch Institutional Fund Offering Yield on Bitcoin
Coinbase Asset Management is launching a new fund that aims to deliver a regular yield on a customer's Bitcoin holdings. The Coinbase Bitcoin Yield Fund, which is set to launch on May 1, will seek a 4% to 8% annualized net return, delivered in Bitcoin, and will only be open to non-US institutional investors.
