Crypto Shuttle News

Tag: Coinbase

  • Voyager Token (VGX) is launching on Coinbase Pro

    Voyager Token (VGX) is launching on Coinbase Pro

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    Starting Today, Wednesday November 17, transfer VGX into your Coinbase Pro account ahead of trading. Support for VGX will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT), Thursday November 18, if liquidity conditions are met.

    One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Alchemix (ALCX), Ethereum Name Service (ENS), Gala (GALA), mStable USD (MUSD), Power Ledger (POWR), GYEN (GYEN) Crypto.com Protocol (CRO), Kryll (KRL), LCX (LCX) SUKU (SUKU), OriginTrail (TRAC), Assemble Protocol (ASM), ARPA Chain (ARPA), Bounce (AUCTION) and Perpetual Protocol (PERP).

    Starting Today, Wednesday November 17 we will begin accepting inbound transfers of VGX to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Thursday November 18, if liquidity conditions are met.

    Once sufficient supply of VGX is established on the platform, trading on our VGX-USD, VGX-USDT and VGX-EUR order books will launch in phases, post-only or auction mode then limit-only or full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

    We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

    Voyager Token (VGX) is an Ethereum token that’s used to reward and incentivize use of the Voyager centralized exchange. On Voyager, VGX holders can earn staking rewards, receive cashback on trades, and more.

    VGX is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

    You can sign up for a Coinbase Pro account here to start trading. For more information on trading VGX on Coinbase Pro, visit our support page.

    ###
    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Voyager Token (VGX) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Coinbase Voices: Creating her own path in crypto

    Coinbase Voices: Creating her own path in crypto

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    Veronica Hash, Program Manager for Belonging, Inclusion and Diversity, shares her crypto journey and gives insight into her path at Coinbase

    Tell us about what you do. What does it mean to be the Program Manager for Belonging, Inclusion and Diversity (BID) at Coinbase?

    My day to day varies (which I absolutely love), but it always starts with coffee and organizing/prioritizing my workday.

    As the Program Manager for Belonging, Inclusion and Diversity (BID), my goal is to make sure that Coinbase is a place where people of all walks of life can see themselves thriving and growing. I consider myself a master connector, an empathetic listener, and someone who uses creativity and emotional intelligence to achieve my program’s goals. I partner closely with our phenomenal Employee Resource Groups, People and Marketing & Comms teams on projects around recruiting, mentorship, retention and community building within Coinbase.

    How did you first get interested in crypto?

    I got interested in crypto through my husband. He used to trade in the stock exchange years ago and became fascinated with crypto’s ability to change the game. We bought some bitcoin back in 2015 at the whopping price of $280 a coin and held on to it. When the bull run came in 2017, we cashed out and bought our first house! Quite a feat in the San Francisco Bay Area, where real estate is shall we say, not the most affordable. Then, we bought back in at the bottom — held — and in 2020, we did it AGAIN!

    What’s the story of how you started working at Coinbase?

    In early 2019, I got laid off from my dream job while I was six months pregnant, but it turned out to be a blessing in disguise. I got to spend six months with my baby girl and reevaluate my priorities. I wanted a role with work-life balance, the ability to grow in my career, and a really great team.

    When I was ready to return to work, a recruiter introduced me to the opportunity at Coinbase. Once I heard the company name, I WAS IN! I mean, crypto was kinda my thing because of my earlier success investing in crypto, but funny enough, I never actually considered working in the industry.

    You came in as an executive assistant, so how did you make the switch to a new career path? Any advice for others who would like to do the same?

    Being an executive assistant for 10+ years absolutely prepared me for this role. Organization, people skills, project management — those are all things EAs have in spades. I was open about my aspirations with my manager, and around the one year mark, I started getting more serious about what internal mobility might look like for me. I also have an amazing mentor through our Growth, Empowerment and Mentorship, aka GEM program, who suggested — given my passion for BID — that I look into the program manager role.

    My advice: first of all, make sure you are killing it in your current role — document and share your wins and be proactive in asking for feedback. Second, meet as many people in the company that you can — have informal coffee chats and informational interviews. Those relationships may turn into formal mentorships or they may alert you when they know a role in their org is going to open. And last, when you apply, make sure you are competitive — Coinbase hires top talent for every seat — make sure you’re clear about the value you will bring to the team.

    What inspires you to log on every day? Do you ever fear burning out, given the somewhat emotional nature of your role?

    My team is super supportive and collaborative. I get energy from the intellectual side of my work — when I am writing, reading, and researching. I also thrive on the partnerships we are building right now.

    Burnout is real, so yes, I can for sure get afraid of that. One thing I have learned is to not let myself become siloed. My BID team may be small, but we have allies and champions at all levels and in varied orgs within the company. I am not in this alone.

    What are you most proud of (can be little things or a major moment)?

    I am most proud of an internal talk I gave during Black History Month called, “Authentic Leadership in the Black Community.” I shared vulnerably the pros and cons of growing up in a predominantly white community; my early years of addiction and how I approached the deep work required to bring out my authentic self. It was so powerful and real. I remember feeling so supported by everyone’s comments in the chat and Slack messages afterwards.

    I am also incredibly proud of the work I do to spread the message about our BID work. I love challenging narratives and misconceptions folks may have about Coinbase. I am a deep believer in face to face conversation and being candid. When we recently acquired a company, I hosted a “Keepin’ it Real” session so we could answer any questions or address any concerns they may have had from an employee experience standpoint. This is one reason why we created this “Coinbase Voices” series. I want our voices to be heard.

    What are you currently excited about in the crypto ecosystem?

    I recently started learning about staking and earning yield on our holdings and wow — that’s been an awesome passive income stream. I’m a creative so I absolutely love the intersection of art and crypto: a great example is the real adrenaline rush I got from watching “Love is in the Air” by Bansky get auctioned off at Sotheby’s. Not only was it a Banksy (I was waiting to see if it would self-destruct), but it was also the first time the auction house would accept crypto (BTC and ETH) as a form of payment.

    What are you passionate about outside of work?

    Family is everything! Super grateful for mine!

    Coinbase Voices: Creating her own path in crypto was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • How Coinbase is Building our Global Engineering Team

    How Coinbase is Building our Global Engineering Team

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    TLDR: Coinbase is now hiring in Brazil and Singapore, building upon remote-first and timezone based regions of work.

    By Manish Gupta, EVP of Engineering

    Coinbase continues to rapidly grow our Engineering team around the world. As a global company, we need deep technical and market-specific expertise across the key regions we serve. Earlier this year, we established our first tech hub in India, and we continue to aggressively hire in the region across product, engineering, design as well as other roles.

    Today we’re announcing that we’re opening up tech hubs and actively building out our Engineering teams in two more countries: Brazil and Singapore. Like India, each has an incredible talent pool of engineers, and we look forward to connecting with world-class talent that can help us achieve our mission. We have already hired senior engineering leaders in both Brazil and Singapore who will act as engineering site leads in these countries, and we are now opening up engineering hiring in both these countries.

    Driving Efficiencies Through our New Regions Framework

    As a remote-first company, our ambition is to be able to hire anywhere in the world where talent resides. Yet, we also recognize the challenges facing distributed teams, and we work hard at maximizing efficiencies across communications, collaboration, and execution.

    That’s why we recently established three distinct regions of work for our Product and Engineering teams — Americas, EMEA and APAC. This regional framework allows us to think about allocating work and creating communities within similar time zones. Our goal is to have team members all work within a single region, meaning one product team may have members in Brazil, the US and Canada. This model provides managers with increased autonomy, and ensures all team members are working in relatively close time zones.

    Brazil will align to the Americas region, and Singapore to the APAC region. We plan to continue building hubs in various countries across each region, of various sizes, to help us attract top talent from around the world.

    If you’re passionate about solving challenging engineering problems, please consider joining us in our mission to increase economic freedom around the world. Come build with us. For jobs specifically in Brazil, click here. And, for jobs in Singapore, click here.

    How Coinbase is Building our Global Engineering Team was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • GYEN (GYEN) is launching on Coinbase Pro

    GYEN (GYEN) is launching on Coinbase Pro

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    Starting Today, Tuesday November 9, transfer GYEN into your Coinbase Pro account ahead of trading. Support for GYEN will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Wednesday November 10, if liquidity conditions are met.

    One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Crypto.com Protocol (CRO), Kryll (KRL), LCX (LCX) SUKU (SUKU), OriginTrail (TRAC), Assemble Protocol (ASM), ARPA Chain (ARPA), Bounce (AUCTION), Perpetual Protocol (PERP), BadgerDAO (BADGER), Rarible (RARI), Function X (FX), Jasmy (JASMY), Wrapped Centrifuge (WCFG) and Avalanche (AVAX).

    Starting Today, Tuesday November 9 we will begin accepting inbound transfers of GYEN to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Wednesday November 10, if liquidity conditions are met.

    Once sufficient supply of GYEN is established on the platform, trading on our GYEN-USD, GYEN-USDT and GYEN-EUR order books will launch in phases, post-only or auction mode then limit-only and full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

    We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

    GYEN (GYEN) is a stablecoin running on Ethereum that’s intended to maintain a value of one Japanese Yen. The company behind GYEN, GMO-Z.com Trust Company, claims to hold reserves that fully back each GYEN.

    GYEN is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

    You can sign up for a Coinbase Pro account here to start trading. For more information on trading GYEN on Coinbase Pro, visit our support page.

    ###
    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    ######

    GYEN (GYEN) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Coinbase Wallet is now available as a standalone browser extension

    Coinbase Wallet is now available as a standalone browser extension

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    By Sid Coelho-Prabhu, Group Product Manager

    In May, we introduced a downloadable browser extension that brought Coinbase Wallet onto laptops and desktops. We’ve seen incredible traction with the Coinbase Wallet extension, which made it easier to securely connect to decentralized apps (dapps) and decentralized finance (DeFi) from more devices.

    Today, we’re bringing full standalone functionality to Coinbase Wallet extension. Now customers can browse dapps, access thousands of cryptocurrencies, trade on decentralized exchanges (DEXes), earn interest, and collect NFTs, all with just a few clicks.

    Total control of your crypto from your browser

    When we first launched the Coinbase Wallet extension, we wanted to empower millions of customers to engage in the exciting world of dapps, and bringing Coinbase Wallet to desktops was a key way to increase access to the larger crypto ecosystem.

    Today’s release gives the Coinbase Wallet extension full standalone functionality, unlocking the world of crypto on desktop. Now, you can browse dapps, access thousands of cryptocurrencies, trade on decentralized exchanges (DEXes), earn interest, and collect NFTs from your browser without needing to confirm transactions on your smartphone.

    It all starts with your recovery phrase

    With today’s release, we have made it easy for both new and existing Wallet users to get started with the standalone extension.

    • If you have been using the Coinbase Wallet extension via WalletLink, make sure you have your recovery phrase handy and then choose ‘Sign out’ from the Settings menu in your Wallet extension. Choose ‘Import a wallet’ and then enter your recovery phrase.
    • If you are a new customer, download Coinbase Wallet for free from the Chrome web store. If you do not already have a self-custody wallet, select ‘Create a new wallet’. If you would like to import an existing self-custody wallet, such as MetaMask, Trust Wallet, Coinbase Wallet, or another Ethereum-based wallet, choose ‘Import a wallet’ and then enter your recovery phrase.
    • If you have been using WalletLink and would prefer to continue using the browser extension as a linked account and keep handling confirmations and signing from the mobile app, you do not need to take any additional steps. If you need to re-enable the connection, choose WalletLink in your Coinbase Wallet mobile app’s settings.

    You can also seamlessly link your self-custody Coinbase Wallet to a Coinbase account and access everything that Coinbase has to offer, including buying crypto with cash.

    Looking forward

    We’ll continue working to empower everyone to use dapps and web3 by building the easiest-to-use and most accessible self-custody wallet in the ecosystem.

    You can download the new Wallet extension from the Chrome web store. We’re always listening to our users and welcome feedback. Follow us on Twitter @CoinbaseWallet for the latest Wallet-related news, and visit our help center for any additional questions.

    Coinbase Wallet is now available as a standalone browser extension was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Bringing advanced trading tools to Coinbase

    Bringing advanced trading tools to Coinbase

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    As our customer needs evolve and more sophisticated trading tools are required, we’re exploring creative solutions to continually improve the Coinbase experience for everyone on one unified platform. Starting today, a small number of Coinbase customers will begin gaining access to advanced trading functionality on coinbase.com, enabling a world-class trading experience plus access to other popular Coinbase features like staking and yield, all from a single balance.

    Advanced trading on Coinbase integrates powerful tools into an easy-to-use, trusted platform. See how crypto markets are moving and understand historical trends with a real-time order book, depth charts to visualize it all, and advanced charts and indicators powered by TradingView.

    Eligible customers will be notified via email when advanced trading becomes available to them, with more customers gaining access in the coming weeks. Stay tuned for the next set of milestones as we continue investing in building the best trading experience for all customers on Coinbase.

    Coinbase offers simple and advanced trading. Advanced trading is for experienced traders and is subject to the Trading Rules. Fees on the two platforms vary. Content is for informational purposes and not investment advice. Investing in crypto comes with risk.

    Bringing advanced trading tools to Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase

    Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase

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    Starting today, Crypto.com Protocol (CRO) and SUKU (SUKU) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store CRO and SUKU in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Please note that Coinbase only supports ERC-20 CRO running on the Ethereum blockchain.

    Crypto.com Chain (CRO) is an Ethereum token that powers Crypto.com Pay, a service that aims to allow users to pay for goods and services with cryptocurrency while receiving cashback rewards.

    SUKU (SUKU) is an Ethereum token that powers the SUKU Platform, a blockchain-based ecosystem that aims to make supply chains more transparent. SUKU tokens can be used for platform governance and to reward users and SUKU node operators. SUKU Platform is also developing applications for DeFi lending and NFT marketplaces.

    One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see CRO and SUKU), as well as a new section of the Coinbase website to answer common questions about crypto.

    Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store CRO and SUKU today.

    ###

    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Crypto.com Protocol (CRO) is launching on Coinbase Pro

    Crypto.com Protocol (CRO) is launching on Coinbase Pro

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    Starting Today, Tuesday November 2, transfer CRO into your Coinbase Pro account ahead of trading. Support for CRO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Wednesday November 3, if liquidity conditions are met. Please note that Coinbase only supports ERC-20 CRO running on the Ethereum blockchain.

    One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Kryll (KRL), LCX (LCX) SUKU (SUKU), OriginTrail (TRAC), Assemble Protocol (ASM), ARPA Chain (ARPA), Bounce (AUCTION), Perpetual Protocol (PERP), BadgerDAO (BADGER), Rarible (RARI), Function X (FX), Jasmy (JASMY), Wrapped Centrifuge (WCFG) and Avalanche (AVAX).

    Starting Today, Tuesday November 2, we will begin accepting inbound transfers of CRO to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Thursday October 28, if liquidity conditions are met.

    Once sufficient supply of CRO is established on the platform, trading on our CRO-USD CRO-USDT and CRO-EUR order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

    We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

    Crypto.com Chain (CRO) is an Ethereum token that powers Crypto.com Pay, a service that aims to allow users to pay for goods and services with cryptocurrency while receiving cashback rewards.

    CRO is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

    You can sign up for a Coinbase Pro account here to start trading. For more information on trading CRO on Coinbase Pro, visit our support page.

    ###
    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Crypto.com Protocol (CRO) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Coinbase Ventures 2021-Q3 activity and takeaways

    Coinbase Ventures 2021-Q3 activity and takeaways

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    Around the Block from Coinbase Ventures sheds light on key trends impacting the crypto ecosystem. In this edition, the Ventures team provides an update on Coinbase Ventures activity in 2021-Q3, and key learnings from around the industry.

    Coinbase Ventures (or “Ventures”) has grown into one of the most active VC investors in crypto by deal count. In Q3, Ventures made a record 49 investments, averaging a new deal every ~1.8 days. This is up from 28 investments made in Q2, and 24 in Q1. As of Q3 2021, the Ventures portfolio size stands at over 200+ companies and projects.

    On a cumulative basis, 90% of the capital invested by Ventures has been deployed in 2021 YTD, reflecting the accelerated pace of Coinbase Ventures in its fourth year of operation. 50% of the new unique “logos” in the portfolio have also come in 2021.

    Motivation & philosophy

    Coinbase Ventures primary mandate is to support the growing crypto ecosystem. As such, we invest broadly across the space in strong entrepreneurs driving crypto forward. We want the crypto ecosystem to bloom and are not focused exclusively on specific outcomes (as is typical with corporate venture capital).

    Ultimately, we see crypto as a rising tide, and growth in the ecosystem lifts all boats — Coinbase included. Traditional strategic benefits, such as commercial partnerships and potential M&A, are great, but we view them as icing on the cake.

    Investment Categories

    Coinbase Ventures investments range from six-figure seed deals to multi-million dollar growth rounds. There are many ways to slice our investments, but at the highest level we break down the market across the following categories: Protocols + Web3 infrastructure, DeFi, CeFi, Platform + Developer Tools, NFT / Metaverse, and Miscellaneous.

    Our current distribution of total investments by company is as follows:

    Key Themes & Learnings

    *Coinbase Ventures portfolio company

    In our most active quarter to date, we saw heavy development across centralized finance (CeFi) in the United States, Layer-1/Layer-2, cross-chain protocols, as well as Web3 tooling. Here’s some of the major themes we observed.

    Regulators and centralized players waded deeper into the crypto waters

    Regulatory bodies made their presence more widely known in Q3, as the SEC and Treasury Department in the US, and the Financial Action Task Force (FATF) internationally, all stepped up engagement across the crypto ecosystem. This has introduced some forms of regulatory risk for early stage protocols and teams. On the flip side, the largest cap asset scored positive tailwinds in the form of the BTC Futures ETF approval which we believe will allow latent capital to enter crypto markets, leading to significant volumes, inflows, and interest.

    Web 2.0 companies like Square, Twitter, Stripe, and Tik Tok also expanded their crypto strategies in Q3. Square announced a Bitcoin based platform for financial services, Twitter revealed future BTC Lightning and NFT integrations, and Stripe announced its return to crypto with a new dedicated crypto team. Tik Tok announced a partnership with ImmutableX* to launch a creator-led NFT collection.

    Meanwhile, banks, fintechs, and broker dealers moved to further integrate crypto into their product offerings, enabled by Coinbase Prime, Coinbase Cloud and other third party platforms. All in all, the crypto industry made tremendous strides with respect to maturation and institutional adoption over the quarter.

    The multichain ecosystem hit its stride

    Following years of development on solutions designed to alleviate bottlenecks on Ethereum, scaling is finally here with a range of Layer-1 and Layer-2 ecosystems taking off. The majority of the current traction is on solutions leveraging EVM (Ethereum Virtual Machine) compatibility, allowing users and developers to migrate to new environments with relatively low switching costs. Users can access EVM compatible L1s like Avalanche, or sidechains/L2s like Polygon*/Arbitrum*/Optimism* with their existing wallets. Solidity smart contracts can also be generally copy + pasted to any EVM compatible L1/L2, which has led to implementations of popular DeFi applications across multiple chains.

    As CeFi exchanges have been slow to integrate with these new L1s/L2s, we saw traction across newly launched cross-chain bridges. These bridges facilitated the movement of billions in funds from Ethereum to various L1s/L2s.

    While EVM compatible applications written in Solidity saw the most traction on L1s and L2s in Q3, other ecosystems are bringing more expressive programmability to the table. New primitives focused on more familiar programming languages like Rust (Solana, Polkadot), Golang (Cosmos), and Move (Facebook Diem*, Flow*) may usher in a wave of new Web 2.0 developers to the industry.

    Better Web3 UX is on the way

    In Q3 we saw further development of Web3 tooling that will simplify the experience of Web3 interactions. XMTP* is spearheading a messaging standard across Web3 addresses. Spruce* is standardizing “OAuth” (open authorization), which will allow users to securely share digital credentials, private files, and sensitive media with Web 3 applications. Snapshot* is making it simple to access governance forums and decisions across Dapps.

    Meanwhile, a tremendous amount of work is being done to create added security for Web3 applications. OpenZeppelin’s decentralization effort, Forta*, is making progress on real-time security monitoring of smart contracts with the goal of providing more transparency around smart contract code execution, detection of bugs, and eventually, the prevention of hacks in real-time. Similarly, Certik* is providing a “fast-and-easy” automated audit tool to help Dapps go-to-market more quickly.

    Simultaneously, the DAO tech stack continues to evolve, with the technical and legal formation of on-chain communities beginning to take hold. Syndicate* (among others) aims to be the “AngelList of crypto” through the creation of a decentralized investing protocol and social network.

    NFT 2.0 & crypto gaming took flight

    Q3 also saw a ton of development focused on NFT creator tools that will ultimately broaden the scope of NFT use cases and audiences while creating new social features.

    Meanwhile, NFT based gaming continued to accelerate led by Axie Infinity, as its play-to-earn model took hold in emerging markets (Philippines, Brazil, India among others) attracting 2M DAUs and generating over $2B in revenue. Loot Project also captivated the industry by introducing an inverted model for game development. This was done by first releasing NFT based game assets to the public in order to bootstrap a community and incentivize further development.

    Stay tuned

    Stayed tuned for more insights and updates from the Coinbase Ventures team in the future. Also check out previous editions of Around The Block that you may have missed:

    • The Coinbase Ventures Guide to NFTs
    • Loot Project: the first community owned NFT gaming platform
    • Axie Infinity, Yield Guild Games & the play-to-earn economy

    Coinbase Ventures 2021-Q3 activity and takeaways was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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  • Proshares’ Bitcoin ETF sees $1B in first day volume, BTC price hits new high, and Coinbase partners with NBA and WNBA: Hodler’s Digest, Oct. 17-23

    Proshares’ Bitcoin ETF sees $1B in first day volume, BTC price hits new high, and Coinbase partners with NBA and WNBA: Hodler’s Digest, Oct. 17-23

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    Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

    Top Stories This Week

    Bitcoin officially hits new all-time high above $65K

    Bitcoin (BTC) surged to new all-time highs this week, breaking the former ceiling of $64,900 from April as the asset went into price discovery mode before topping out around $67,000.

    The bullish momentum coincided with the successful launch of ProShares’ Bitcoin futures-based exchange-traded fund (ETF). Many onlookers are expecting the price to increase in the coming weeks and months, with the more optimistically inclined even suggesting that up to $300,000 is possible in the near future. 

    With Bitcoin’s market capitalization dominance at its highest since mid-May, many popular traders have stressed that now is the time to put a focus on digital gold and put the altcoin market on the back burner for the moment.

     

    ProShares Bitcoin-linked ETF launches on NYSE

    ProShares achieved a major milestone for the crypto sector this week after the firm debuted its Bitcoin futures-based ETF (BITO) on the New York Stock Exchange (NYSE) on Tuesday. 

    ProShares’ Bitcoin Strategy ETF saw around $1 billion in volume on its opening day, with Bloomberg analysts stating that it was arguably the largest first-day volume for an ETF in terms of “natural” or “grassroots interest.” 

    After two days on the NYSE, Proshares’ ETF became the fastest fund ever to reach $1 billion in assets under management. Following Proshares’ ETF, many onlookers are waiting to see how the next in line performs. At the time of writing on Friday, Valkyrie just launched its Bitcoin futures ETF on the NYSE.

     

    Coinbase announces multiyear partnership with NBA and WNBA

    Top crypto exchange Coinbase has penned a deal with the NBA, WNBA, NBA G League, NBA 2K League and USA Basketball as part of a multiyear sponsorship deal. As part of the deal, Coinbase will work to educate basketball fans on crypto.

    According to the NBA, Coinbase will create “unique content, innovations, activations and experiences” to help basketball fans to learn about the crypto space. The firm’s branding will also appear during the televised games.

    The move could be a real “slam dunk” for the industry in terms of mainstream adoption, with data from Statista showing that an average of 1.6 million people watched NBA regular-season games across major networks during the 2019–2020 season.

     

    Mariah Carey buys Bitcoin, hopes to empower fans through education

    Mariah Carey, the pop icon behind the divisive Christmas song “All I Want For Christmas Is You,” has partnered with the Winklevoss twins’ crypto exchange Gemini to promote Bitcoin adoption and support girls of color in their pursuit of STEM degrees — a broad education category that refers to science, technology, engineering and mathematics. 

    In a video to her 10.2 million Instagram followers, Carey said she’s a Bitcoin investor and offered her fans a referral code to redeem a whopping $20 in free BTC. 

    Her promo deal is linked to charitable causes, as users who sign up through the referral link and trade digital assets on Gemini will be contributing directly to Black Girls Code, a nonprofit organization that provides technology education for African-American girls.

     

    Brazilian toddler makes over 6,500% profit on her first Bitcoin holding

    A four-year-old hodler from Brazil has earned more than 6,500% in profit on her first Bitcoin. The girl’s father, João Canhada, gifted 1 BTC to his newborn in 2017 when the asset was priced at around $915. 

    Canhada is the founder of Brazilian crypto exchange Foxbit, and stated that he bought his daughter Bitcoin not just as a gift, but as a “way of investing” in the emerging crypto sector. It appears that he was at the right place at the right time, as the price of Bitcoin went on to surge to $20,000 at the tail end of 2017.

    While there have been many bumps along the road, Bitcoin was worth around $61,000 at the end of the week, suggesting her profit now sits at roughly 6,560%.

     

     

    Winners and Losers

     

     

    At the end of the week, Bitcoin (BTC) is at $60,658, Ether (ETH) at $3,963 and XRP at $1.09. The total market cap is at $2.51 trillion, according to CoinMarketCap.

    Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are OKB at 71.25%, Nexo (NEXO) at 33.80% and Huobi Token (HT) at 33.70%.

    The top three altcoin losers of the week are Flow (FLOW) AT -21.20%, Celsius (CEL) at 14.00% and Perpetual Protocol (PERP) at -13.14%.

    For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

     

     

    Most Memorable Quotations

     

    “If left unchecked, these digital assets and payments systems could harm the efficacy of our sanctions.”

    U.S. Department of the Treasury

     

    “We’ve got a lot of smart guys working at Icahn & Company, and we just don’t understand Bitcoin. I’m not saying it’s bad or good, I’m just saying we don’t understand it. We’re not going to invest in something we don’t get. […] The jury is really out on whether Bitcoin has intrinsic value or acts as a store of value. If inflation gets rampant, I guess it does have value. There are so many variables, it is a very difficult thing to invest in.”

    Carl Icahn, founder of Icahn Enterprises 

     

    “There’s a lot of history here. We think it’ll track quite well and, most importantly, we think that a combination of a regulated futures market and a 40-act ETF will really open up the opportunity to conveniently get Bitcoin exposure to a lot of folks who may have been waiting on the sidelines.”

    Simeon Hyman, head of investment strategy at ProShares

     

    “To protect consumers and reduce costs, we encourage the streamlining of state-level regulatory frameworks for stablecoins and the issuance of special-purpose charters by federal banking regulators for stablecoin companies seeking to operate nationally.”

    The Chamber of Digital Commerce

     

    “DAOs do not clearly fall within any of Australia’s existing company structures. […] This regulatory uncertainty is preventing the establishment of projects of significant scale in Australia.”

    The Senate Committee on Australia as a Technology and Financial Center (ATFC)

     

    “Diem is not Facebook. We are an independent organization, and Facebook’s Novi is just one of more than two dozen members of the Diem Association. Novi’s pilot with Paxos is unrelated to Diem.”

    Diem

     

    “We’ve made a lot of noise in the last few months about getting hyperactive in cryptocurrency.”

    Adam Aron, CEO of AMC

     

    “AI, especially the sort of low-tech, surveillance form, is essentially communist.”

    Peter Thiel, co-founder of PayPal

     

    Prediction of the Week 

     

    Traders brace for a drop to $58K if Bitcoin price loses the $62K support

    Bitcoin’s price favored north this week. According to Cointelegraph’s BTC price index, the asset broke its previous all-time high just shy of $65,000, going on to reach $67,000 amid a week filled with Bitcoin ETF headlines. Bitcoin cooled off following its surge, however, dropping back down to the low $60,000s. 

    Several people weighed in on potential upcoming price action for Bitcoin. The Twitter account for E-Club Trading, an investment analysis organization, mentioned a level around $58,000 as one potential landing zone if Bitcoin loses the $62,000 level. 

    BTC could also possibly ride right up to $80,000, or it could visit $58,000 or $53,000 first prior to pushing for $80,000, ExoAlpha chief investment officer David Lifchitz noted.

     

    FUD of the Week 

     

    New York businesses ask governor to deny permits for crypto mining

    New York Governor Kathy Hochul received a letter this week urging her to deny permits enabling the conversion of the city’s old fossil-fuel power plants into crypto mining centers. The power plants in question are the Greenidge Generating Station and Fortistar North Tonawanda Facility, which now are the target of ambitions to mine and hodl at full throttle.   

    The letter was co-signed by a long list of local organizations, businesses and labor groups, who banded together to voice their concerns over the energy-intensive poof-of-work crypto mining model. 

    “Proof-of-Work cryptocurrency mining use enormous amounts of energy to power the computers needed to conduct business — should this activity expand in New York, it could drastically undermine New York’s climate goals established under the Climate Leadership and Community Protection Act,” the letter read.

     

    NYAG directs 2 crypto firms to shut down, investigates 3 others

    Speaking of New York, the state’s attorney general’s office went after five local crypto firms on Monday, ordering two unnamed companies to shut down operations, while launching investigations into the other three. 

    The attorney general’s office alleged that the two firms engaged in unlawful activities, and requested details on the other firm’s lending products, policies, procedures, clients in the state and other relevant information.

    One of the three crypto lending firms under investigation is Celsius Network, with the firm confirming the news in a blog post on Tuesday. Celsius said it is “working on providing regulators in New York” with info regarding its business.

     

    Senators pressure Facebook to ‘immediately discontinue’ Novi wallet pilot

    In what may or may not be FUD depending on one’s views towards Facebook, the social media giant was urged by five U.S. senators to halt its crypto wallet just hours after its pilot program went live this week. 

    Facebook’s Novi wallet launched a pilot in the United States and Guatemala on Tuesday in partnership with Coinbase, but the group of senators, which included crypto skeptic Elizabeth Warren, weren’t having it. In a letter sent to Facebook CEO and meat-smoking enthusiast Mark Zuckerberg, the senators voiced their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet.”

    “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient,” the letter read.

     

    Best Cointelegraph Features

    The crypto industry royally screwed up privacy

    Sadly, there are several reasons why the blockchain community has fallen short in making privacy a tier-one priority, and that must be changed.

    Lushsux: A decade of ass-whoopin’ and skullduggery in a single NFT

    “Generally, when I’ve got things successful, it’s just through a bit of skullduggery.”

    Bitcoin futures ETFs: Good, but not quite there

    With a Bitcoin futures exchange-traded fund, getting exposure to the world’s largest cryptocurrency will be easier than ever.

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