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 has completed its integration of Deribit, forming the Coinbase Global Exchange, and announced Coinbase Pro will return by year's end for professional traders. The combined exchange holds over $30 billion in Bitcoin options open interest as of 30 September. Coinbase will launch crypto options, margin trading on spot markets and unified portfolios in the coming weeks. US institutions can access Deribit's options and perpetual futures through Coinbase Prime, with onboarding now open. Options for eligible US retail traders are planned for late October. The new spot margin product offers maximum leverage of 10x for major assets and 5x for others. Coinbase Pro will trade spot, futures, perpetuals, options and equities when it relaunches. Coinbase announced the $2.9 billion Deribit acquisition in May 2025.
A $30 million seed round will help the startup’s founders build out their army of investing agents.
This Metaverse crypto is up 70% in a week. Late last week, The Sandbox (SAND) cryptocurrency associated with a 'Metaverse' project of the same name saw an unexpected and sudden upsurge that took it approximately 63.64% higher, from $0.044 to $0.072. The rally continued one day later after a brief correction, bringing the token to $0.081 by October 3 and, even after the subsequent downturn to $0.073, SAND remains up 68.82% on the weekly chart. Notably, the move is entirely attributable to three cryptocurrency exchanges - Upbit, Bithumb, and Coinone - lifting a trading caution designation from The Sandbox that they placed in August. According to an October 2 Bithumb announcement, the decision was reached after the platform determined that the reasons for the warning had been resolved and announced a resumption of deposits and withdrawals later on that same day. What happened to The Sandbox (SAND) in August 2026? Meanwhile, the August caution was implemented after an attacker exploited a bridge flaw on Coinbase's (NASDAQ: COIN) Base platform and Binance's BNB Smart Chain to mint an estimated $49 billion worth of SAND unbacked by Ethereum (ETH) deposits. The Sandbox subsequently severed the bridges, cautioned its users against interacting with the two affected platforms, effectively leaving the majority of the attacker's cryptocurrency stranded, and set a 1:1 compensation plan for the affected users. According to the August 22 announcement, SAND on Ethereum and Polygon was not affected. Should you buy The Sandbox after 68% weekly rally? Lastly, The Sandbox cryptocurrency rally appears entirely disconnected from the wider moves across the market that started with the August upsurge. Indeed, barring the sudden upswing following the removal of the caution designations, SAND has spent the last five years on an almost-continuous downtrend. At its press time price of $0.073, The Sandbox is 98.98% below the all-time highs (ATH) above $7 that were briefly reached in 2021 and is 78.84% in the red on the yearly chart. Furthermore, the latest surge was not accompanied by a meaningful uptick in user activity in the relevant 'Metaverse', meaning the move is all but guaranteed to remain ephemeral.
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.