Coinbase operates a digital currency wallet and platform that lets people buy, sell, store, and transfer cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Its products include a user-friendly app and web interface for consumers and a platform for merchants, with services like custodial storage, trading, and on/off ramps to traditional currencies. The system works by securely holding users’ digital assets in custodial wallets, processing transactions, and providing trading and settlement features, as well as merchant tools for accepting crypto payments. Coinbase differentiates itself through a broad consumer and merchant footprint, strong emphasis on security and trust, regulated access, and a simple, accessible design that smooths the process of using digital currencies. Its goal is to help build an open financial system by making digital currencies easy to access, trustworthy, and usable for a wide audience.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
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Coinbase Chief Accounting Officer Jennifer Jones to retire. Phemex News 2026/10/02 19:53 Coinbase Chief Accounting Officer Jennifer Jones notified the company of her decision to retire on September 29, according to an SEC filing. Jones will continue serving in her role until a successor is appointed. The cryptocurrency exchange has initiated a search for her replacement. No timeline has been provided for the transition or announcement of a new Chief Accounting Officer. Disclaimer: The content provided on Phemex News is for informational purposes only. Phemex Limited do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. Phemex Limited strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
Morpho reaches $2.3B valuation as SteakhouseFi drives adoption. October 1st, 2026 Morpho achieves a $2.3B valuation as SteakhouseFi integrates with major platforms. Here's why this matters for decentralized finance. Quick take. Summary is AI generated, newsroom reviewed. * Morpho now valued at $2.3B following SteakhouseFi integrations. * SteakhouseFi's vaults are used by Coinbase and Robinhood. * Growing interest in DeFi solutions boosts Morpho's appeal. Sponsored: MetaMask - Swap tokens across every major network Swap Now Morpho has reached a significant milestone with a valuation of $2.3 billion, as highlighted by a tweet from @SteakhouseFi. This growth is attributed to Morpho's strategic integrations with major platforms like Coinbase and Robinhood, which are leveraging Morpho's decentralized lending capabilities. This development underscores the increasing traction of decentralized finance solutions in mainstream finance. What happened. The broader crypto market is currently exhibiting mixed signals, with various assets showing fluctuations in momentum. Morpho's recent valuation confirmation indicates a strong interest in decentralized finance solutions, primarily driven by its integration into well-known platforms such as Coinbase and Robinhood. These integrations enhance user experience by providing streamlined access to Morpho's lending infrastructure, which operates independently of traditional governance structures. What Coinfomania know. * Morpho is now valued at $2.3 billion, reflecting significant market confidence. SteakhouseFi's vaults are integrated into both Coinbase and Robinhood's offerings. This integration allows users to earn yields directly through established platforms. The valuation highlights the growing importance of DeFi in traditional finance. Increased attention from users and investors aims to utilize Morpho's technology. Price action breakdown. Currently, Morpho shows no active trading volume, which may indicate thin market conditions surrounding its recent valuation announcement. The lack of price movement, however, does not overshadow the strategic milestones achieved through its fintech integrations. As the market observes these developments, potential investors may be evaluating Morpho's long-term growth prospects within the evolving decentralized finance landscape. Morpho is a decentralized lending infrastructure that allows users to access liquidity without traditional governance risks. The platform's unique features, such as its immutable protocol, provide users with a robust alternative to conventional lending systems. This regulatory positioning makes it an attractive option for users and platforms seeking to incorporate DeFi solutions into their services. What traders are watching next. Traders should keep an eye on Morpho's continued integration with leading fintech platforms, as this could enhance its user base and market presence. Monitoring future partnerships and the overall sentiment in the decentralized finance sector will be crucial. Additionally, potential fluctuations in user engagement and market interest may impact Morpho's valuation in the coming months.
Coinbase Global and Citi have launched new features linking the bank's payment systems with Coinbase's stablecoin infrastructure. Citi's Virtual Account Wallet for Coinbase will automatically convert client fiat balances into stablecoins and convert incoming stablecoins back into fiat. Merchants using Citi's Spring platform can now accept stablecoin payments whilst keeping settlement within Citi's regulated banking system. The partnership supports Coinbase's strategy to reduce reliance on trading fees by expanding subscription and service revenue, including payments infrastructure and custody services. The rollout targets US merchants and enterprises. Adoption rates, active user numbers, and processed transaction volumes will indicate the partnership's success. The move aligns with Coinbase positioning itself as an institutional gateway as payments shift onto blockchain infrastructure.
Citi, Coinbase and Goldman pull crypto firms onto bank rails in one week. Citigroup and Coinbase launched automated stablecoin-to-fiat conversion for US institutional clients, as Goldman Sachs opened its Treasury fund to crypto firms. Published: Sep 30, 2026 at 9:06 AM GMT+0000 | Read time: 2 min Citigroup and Goldman Sachs each moved this week to plug crypto firms into traditional banking, bridging stablecoins and the dollar system. Citigroup and Coinbase announced automated stablecoin-to-fiat conversion for institutional clients in the United States, and Goldman separately opened its $100 billion Treasury fund to crypto firms through the Lynq settlement network. The Citigroup service, announced September 29, converts stablecoins such as USDC into dollars and the reverse without manual steps. A Citigroup business client can accept a stablecoin payment from a counterparty, Coinbase converts it behind the scenes and the bank deposits the money like any other payment, so the client never holds crypto. Companies building on Coinbase can open accounts that behave like bank accounts and run on Citigroup's banking software, with incoming dollars automatically converted into stablecoins. Coinbase says more than 150 million people worldwide hold stablecoins, and the service is a way for a bank client to receive money from all of them without joining their world. The bank's involvement keeps the flow inside familiar banking rails, which is what makes the arrangement usable for treasury and payments teams that cannot hold crypto directly. Goldman's move runs the other direction: rather than turning its fund into a token, the bank made the existing fund available to crypto firms through Lynq, a settlement network. Taken with the Citigroup service, the week shows banks building crypto access without tokenizing anything: the assets stay as they are, and the plumbing around them changes. A market newsletter first reported the Lynq move. Which stablecoins beyond USDC the service supports, its launch date and its first users are not announced. The service has been initiated in the United States only.
The US Securities and Exchange Commission granted a five-year exemption on 17 September allowing certain crypto exchanges to offer tokenised versions of stocks for trading. Robinhood Markets and Coinbase Global are positioned to benefit from this development. Robinhood currently has a stronger position with 301 tokenised stocks worth $148.8 million as of 28 September, issued on its Robinhood Chain blockchain launched in July 2026. The company retained approximately 89% of crypto transaction fees, totalling $35.6 million in the first 28 days of September. However, its stock tokens are debt securities without voting rights, which may place them outside the SEC's new framework. Coinbase's offering aligns more closely with the new regulations. Its $8.4 million worth of stock tokens, available since August 2026 for non-US customers, are backed by real shares and already redeemable.