Latest news with #StateofCryptoSummit
CNBC
14 hours ago
- Business
- CNBC
Bitcoin and ether fall as tensions between Israel and Iran intensify: CNBC Crypto World
On today's episode of CNBC Crypto World, cryptocurrencies fall as tensions grow between Israel and Iran. Plus, Max Branzburg of Coinbase speaks to Crypto World from the State of Crypto Summit to break down the crypto exchange's new credit card in partnership with American Express.
Time of India
a day ago
- Business
- Time of India
Coinbase to launch CFTC-compliant perpetual futures trading in US
Live Events -Coinbase plans to launch perpetual futures trading in the United States, with the offering set to comply with regulatory standards outlined by the Commodity Futures Trading Commission, a top executive at the crypto exchange said on crypto markets buoyed by hopes of lighter regulation and a renewed risk appetite, exchanges are racing to capitalize on the frenzy by rolling out complex products that were once used primarily by seasoned traders."We recently launched first-of-its-kind 24/7 futures trading, and I'm excited to share that we'll soon be launching CFTC-compliant perpetual futures trading in the U.S. as well," Max Branzburg, Coinbase 's vice-president of product, said at the State of Crypto Summit in New futures are crypto derivatives that allow traders to bet on token prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving and traders typically use derivatives to hedge risk, amplify returns, or speculate on price movements without owning the underlying asset.
Yahoo
a day ago
- Business
- Yahoo
Coinbase to Launch Bitcoin Rewards Card With Amex, While Eyeing U.S. Futures Expansion
Crypto exchange Coinbase is planning to launch a credit card that offers bitcoin BTC cashback, the company said on Thursday. The Coinbase One Card, issued in partnership with American Express, includes perks such as earning 4% in BTC after purchases, boosted rewards on USDC stablecoin holdings and higher staking rewards and transaction credits on Base, the Ethereum layer-2 network developed by the exchange, according to the card's website. The card's rollout is expected this fall. The move comes as more crypto platforms and exchanges are rolling out payment cards to enable users to spend their blockchain-based token stash on everyday purchases. For example, self-custodial wallet MetaMask introduced its debit card last year, while Mastercard unveiled plans in April to launch debit cards with crypto exchanges OKX and Kraken. It's also not the first crypto endeavour for Amex, either: the company issued a credit card offering crypto rewards with Abra in 2022. Coinbase's announcement coincided with the company's State of Crypto Summit event in New York, where the exchange also hinted at expanding perpetual futures trading to the U.S., according to media reports. Perps trading has been limited to non-U.S. users at Coinbase Advance. However, the exchange said earlier this year in a blog post that it was working with the Commodity Futures Trading Commission (CFTC) towards making "perpetual-style futures contracts" accessible to U.S. users. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Donald Trump: Administration Will Work Toward 'Clear and Simple' Crypto Frameworks
MANHATTAN — U.S. President Donald Trump again touted his crypto bona fides at a conference Thursday, telling an audience it was an "honor" to be considered a crypto president. Speaking in a 90-second recorded video at Coinbase's (COIN) State of Crypto Summit (no relation to the CoinDesk newsletter with the same name), Trump reiterated comments he's made at other events about ending his predecessor's so-called war on crypto and forming a working group to examine digital assets. Trump also referenced legislation working its way through Congress. "My administration is working with governors to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and bitcoin," he told a filled room to scattered applause. The Senate's GENIUS Act will go through a procedural vote on Thursday, following a successful effort on Wednesday. Meanwhile, two key House committees advanced a market structure bill on Tuesday. Trump also noted his executive order on establishing a national bitcoin BTC reserve, saying, "we created the US Strategic Bitcoin Reserve and the United States Digital Asset stockpile," though neither has actually been created yet. Coinbase donated a million dollars to Trump's inaugural fund, and was a major backer of the Fairshake super PAC in the 2024 election. It's already committed tens of millions of dollars to Fairshake for the 2026 election. Following his remarks, Coinbase CEO Brian Armstrong and Circle (CRCL) CEO Jeremy Allaire reflected on crypto and their respective company's evolutions, arguing that crypto could become a bigger part of the global financial system. Allaire, whose company went public on the New York Stock Exchange last week, said it was difficult for Circle to meet with backers or other entities a decade ago. "It was amazing to me that, like, I'd literally walk in a room with an insurance company, [and] they were literally, like, we were not sure we're allowed to have this meeting," Allaire said. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Star
a day ago
- Business
- The Star
Coinbase to launch CFTC-compliant perpetual futures trading in US
FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Coinbase plans to launch perpetual futures trading in the United States, with the offering set to comply with regulatory standards outlined by the Commodity Futures Trading Commission, a top executive at the crypto exchange said on Thursday. With crypto markets buoyed by hopes of lighter regulation and a renewed risk appetite, exchanges are racing to capitalize on the frenzy by rolling out complex products that were once used primarily by seasoned traders. "We recently launched first-of-its-kind 24/7 futures trading, and I'm excited to share that we'll soon be launching CFTC-compliant perpetual futures trading in the U.S. as well," Max Branzburg, Coinbase's vice-president of product, said at the State of Crypto Summit in New York. Perpetual futures are crypto derivatives that allow traders to bet on token prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving markets. Investors and traders typically use derivatives to hedge risk, amplify returns, or speculate on price movements without owning the underlying asset. (Reporting by Manya Saini in Bengaluru; Editing by Mohammed Safi Shamsi)
