Kyber (KNC) Surges After Coinbase Pro Listing Announcement

Kyber Network’s native coin, KNC, saw its price surge 17 percent after the company announced that it will be listing the token on Coinbase Pro. While inbound transfers of KNC to Coinbase Pro won’t begin until Feb. 24, the coin saw its price rise from $0.46 to $0.54 in two hours. Kyber Network Announces Coinbase Pro Listing Kyber Network, a decentralized liquidity protocol for cryptocurrencies, announced that its native cryptocurrency, the Kyber Network Coin (KNC), will be listed on Coinbase Pro. The exchange will begin accepting inbound transfers of KNC…

Coinbase and Visa Team Up to Expand Crypto Cards

Coinbase has announced that it is now a Visa principal member, the first crypto company to gain membership. The exchange can now offer more services to current Coinbase Card customers, as well as extend service to a larger number of countries. Though Coinbase has not announced any concrete plans for the immediate future, its options have opened up, according to an announcement published by the crypto exchange company on Wednesday, Feb. 19. Coinbase additionally has the power to issue cards on behalf of other firms and companies, according to a…

Coinbase Becomes Direct Visa Card Issuer With Principal Membership

Coinbase is now a principal member of Visa, according to a Feb. 19 announcement. This will allow it to issue debit cards without relying on third parties. The membership is an evolution of Coinbase’s current relationship with Visa, with the cryptocurrency exchange providing a Visa-based debit card. Called Coinbase Card, it allows customers residing in the European Union or European Community to spend multiple cryptocurrencies. While the card itself can function globally, it cannot be ordered by people residing outside of the supported areas. Coinbase reports that the card is…

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase, the San Francisco-based cryptocurrency exchange, has been made a Visa principal member. Announcing the news on its blog Wednesday, the firm said the news marks it as the “first pure-play crypto company” to be approved by the credit card giant. Coinbase has been working with Visa since 2019 when it launched its Coinbase Card in the UK. The debit card allows users to spend cryptocurrency as cash anywhere Visa is accepted. The card has since been made available in 29 markets with 10 cryptocurrencies supported. Principal members of Visa are…

Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments

Coinbase’s merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance (DeFi). MakerDAO announced Thursday Coinbase Commerce had integrated dai as a payment method, opening the cryptocurrency up to affiliated online merchants and online commerce platforms like Shopify and WooCommerce. The integration will introduce “merchants to a growing segment of the cryptocurrency market, allowing them to bridge the gap between DeFi dapp entrepreneurs and their own “real world” businesses,” according to the blog post. Coinbase Commerce is a free-to-use service for online retailers,…

Coinbase Commerce Opens up DAI to Shopify Users

Coinbase Commerce, the merchant-focused arm of the cryptocurrency exchange, has announced support for MakerDAO‘s stablecoin, DAI. The integration opens up e-commerce giants Shopify and WooCommerce to DeFi and cryptocurrency payments. DAI integration Opens DeFi to Millions of Users Coinbase’s merchant payment solution company, Coinbase Commerce, has expanded its supported payment methods to include MakerDAO’s stablecoin Dai (DAI).  According to the company’s announcement, merchants around the world using solutions from Coinbase Commerce will now be able to accept Dai as a payment for goods and services.  Coinbase Commerce currently supports a…

Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce

Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO’s DAI stablecoin as a supported payment method this week.  This integration will let merchants around the world accept the USD-pegged stablecoin as payment for goods and services without Coinbase Commerce taking any extra fees. Merchants can add a “pay with crypto” button to their checkout process, or choose to accept DAI only. Shop owners can also currently earn a DAI savings rate of 7.5%. This could open doors to over 800,000 stores and 3 million web…

Coinbase Custody Obtains Two Major Security Evaluations

The crypto custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security evaluations. According to a press release published on Feb. 12, Coinbase Custody was granted a Service Organization Control (SOC) 1 Type 2 and a SOC 2 Type 2 report by major accounting firm Grant Thornton. System Organization Control reports In obtaining the reports, Coinbase Custody is able to prove to clients that they are compliant with a variety of security and reporting standards. According to Grant Thornton’s website, SOC reports are meant to…

Coinbase Pro Re-Releases 3x Leverage

Coinbase Pro, the cryptocurrency trading platform arm of U.S.-based exchange Coinbase, has unveiled 3x margin trading for select customers.  “Our leverage multiple is based on market analysis,” a Coinbase spokesperson told Cointelegraph in an email. “We are rolling this out in a way that we feel is responsible to our customers while offering them an adequate amount of leverage to trade on.” Active Coinbase Pro users in 23 states can now trade with leverage on Coinbase Pro, according to the company’s blog announcement on Feb. 12.  Coinbase Pro hosts a modest…

Coinbase Revives Margin Trading, With Conservative (for Crypto) 3x Leverage

Coinbase, the largest cryptocurrency exchange in the U.S., is getting back into the business of lending money to traders, joining a growing roster of venues providing leverage to help users juice investment returns. The San Francisco-based exchange said Wednesday in a blog post that its new “margin trading” feature provides leverage up to three times or “3x” for individual investors in 23 U.S. states, including the lucrative New York market. The leverage is also available to institutional traders in 44 states and nine countries. The 3x leverage matches Coinbase’s previous margin…