Coinbase wants to bring 24/5 perpetual futures trading to individual US stocks, with its proposed contracts now awaiting regulatory approval.
Cryptocurrency exchange Coinbase partnered with financial platform Moov to bring stablecoin infrastructure to more than 1,000 community banks and credit unions that are part of Moov’s customer base.
The partnership will combine Coinbase’s regulated digital asset infrastructure and Moov’s payments platform to offer stablecoin payment acceptance, settlement and real-time funding, according to a Thursday announcement.
The infrastructure will support use cases such as consumer stablecoin payments, merchant settlement and payouts. It will also offer businesses and merchants access to Coinbase custodial accounts.
Community banks in the US typically have less than $10 billion in total assets and include state chartered institutions as well as savings and loan holding companies.
The announcement comes as some of the largest US banks are experimenting with stablecoin infrastructure. On Wednesday, U.S. Bank, the fifth-largest commercial bank in the US, completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.
Earlier this month, 21 financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank and UBS, announced plans to form a company to issue stablecoins, including a US dollar-denominated stablecoin in the first half of 2027.
Non-bank competitors are entering the stablecoin niche. In August, Western Union partnered with stablecoin infrastructure provider Rain to launch a digital wallet and Visa-branded card that enables users to hold and spend a US dollar-backed stablecoin.
Related: Mastercard, Borderless test shared identity checks for stablecoin transfers
A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk disclosures alive in court.
US District Judge Katherine Polk Failla ruled on August 20 that some claims could move into discovery. The court dismissed several claims but allowed allegations that Coinbase misled investors by concealing potential bankruptcy risks and downplaying SEC scrutiny to proceed.
The ruling is procedural.
It does not mean Coinbase has been found liable. It does not prove wrongdoing. It means the plaintiffs cleared enough of an early legal hurdle for certain claims to continue.
Coinbase is one of the most important public companies in crypto.
Its disclosures, risk factors, regulatory statements, and investor communications are watched closely by both traditional markets and digital asset investors. A securities class action against the company therefore has broader relevance.
The case goes to a familiar question.
How much risk must crypto companies disclose, and how clearly must they explain regulatory uncertainty to investors?
That question has become more important as crypto firms operate in public markets, face agency scrutiny, and deal with fast-changing rules.
The surviving claims reportedly concern whether Coinbase adequately disclosed certain risks.
Investors say the company concealed or downplayed potential bankruptcy-related concerns and regulatory scrutiny. Coinbase can still defend itself, and the facts remain contested.
But the court’s decision means those claims can proceed into discovery.
Discovery matters because it can force production of documents, communications, internal analysis, and testimony. That process can be expensive and revealing, even if a company ultimately wins.
Private crypto firms can often operate with limited disclosure.
Public companies cannot. They must file risk factors, financial statements, management discussion, legal updates, and material event disclosures. Investors rely on those filings when buying shares.
That creates legal exposure.
If plaintiffs believe a company misrepresented risks or omitted material information, they may bring securities claims. Courts then decide which claims are strong enough to proceed.
Coinbase is not alone in facing this type of scrutiny, but its position makes the case especially visible.
The caution is essential.
A motion-stage ruling is not a verdict. The court did not conclude that Coinbase misled investors. It only allowed certain allegations to continue.
Many class actions narrow over time.
Claims can be dismissed later, settled, or defeated after discovery. Coinbase can still challenge the allegations and defend its disclosures.
Markets should not treat the ruling as proof of wrongdoing.
The case also shows how regulatory uncertainty can become a securities-law issue.
If a crypto company’s business depends heavily on regulatory treatment, investors may argue that regulatory risk is material. Companies then need to describe that risk clearly enough that investors understand the potential impact.
That is difficult in crypto because rules can shift quickly.
SEC scrutiny, exchange registration questions, custody concerns, staking services, token listings, and bankruptcy treatment can all affect business models.
Coinbase operates directly inside that uncertainty.
The case now moves forward on the surviving claims.
Discovery will determine what evidence the plaintiffs can obtain and how Coinbase responds. The company may later seek dismissal, summary judgment, settlement, or trial depending on how the case develops.
For now, the key takeaway is narrow but important.
Coinbase has not been found liable, but it must continue defending parts of an investor lawsuit over risk disclosures.
That keeps public-company crypto disclosure standards in the spotlight.
This article is based on filings and court materials from the Southern District of New York.
This article was written by the News Desk and edited by Samuel Rae.
Coinbase has launched futures, options, and perpetuals for professional clients in the United Kingdom, expanding its derivatives offering through its MiFID authorization.
The rollout is not for UK retail users. Eligibility is limited to users classified as Professional Clients, which means they must meet criteria tied to trading activity, portfolio size, or relevant professional experience.
That is the most important detail.
Crypto derivatives can offer hedging, leverage, and more sophisticated trading strategies, but regulators draw a clear line between professional and retail access. Coinbase’s UK expansion gives qualifying clients more tools, while keeping retail users outside the product set.
For more details, visit the official Coinbase platform.
The UK has a complicated relationship with crypto derivatives.
Retail access has been heavily restricted, but professional and institutional markets continue to develop through regulated structures. Coinbase’s move fits into that gap: more advanced products for clients who meet professional standards.
For qualifying users, derivatives can be useful.
They allow traders to hedge spot exposure, manage risk, express views without holding the underlying asset, or structure more complex strategies around volatility and timing.
For Coinbase, the offering helps deepen its institutional and professional trading business in a major financial market.
The eligibility criteria matter because “professional” is not just marketing language.
Elective professional status typically requires users to meet certain thresholds. These can include trading frequency, portfolio size above €500,000, or relevant professional experience in financial markets.
That means a casual UK crypto user should not expect access.
This distinction protects the accuracy of the story and the regulatory framing. Coinbase is not reopening crypto derivatives to everyone in the UK. It is expanding access within a defined professional-client framework.
That may still be commercially meaningful, but it is not a retail mass-market launch.
Spot trading is only one part of a mature market.
Derivatives are where many professional traders manage exposure. Futures and options can support hedging, basis trades, volatility strategies, and risk transfer. Perpetuals, while crypto-native, are also central to liquidity and price discovery in digital assets.
Offering these products to UK professionals gives Coinbase a more complete trading stack.
It also helps the exchange compete with other venues serving institutional and sophisticated crypto clients.
The more regulated venues offer derivatives, the more professional flow may move away from purely offshore platforms.
The announcement may be especially relevant for larger assets such as Bitcoin and Ethereum, because professional derivatives demand usually starts with the most liquid markets.
Institutions are more likely to trade products where spreads are tight, liquidity is deep, and risk models are mature. That tends to favor BTC and ETH first, before moving further into altcoins.
Over time, derivatives access can help build more efficient markets around major crypto assets.
But efficiency cuts both ways. Leverage can support liquidity, but it can also amplify volatility when positioning gets crowded.
Coinbase’s expansion is another sign that the UK crypto market is becoming more segmented.
Retail users face one set of rules. Professional clients face another. Regulated firms are building inside those boundaries rather than waiting for a single open market.
That may frustrate some users, but it is likely how crypto integrates into traditional finance.
The immediate takeaway is clear: Coinbase is giving UK professional clients access to a broader derivatives suite, but ordinary retail investors are not included.
Crypto derivatives are expanding in the UK, but only through the professional lane.
This article is based on Coinbase’s official UK derivatives announcement.
This article was written by the News Desk and edited by Samuel Rae.
Coinbase reported $1.22 billion in second-quarter revenue on Thursday, down 14% from the previous quarter, and a net loss of $359 million.
Coinbase shares fell sharply in after-hours trading, losing roughly 5% of its stock price, after missing on earnings estimates for the quarter. The company was expected to bring in $1.29 billion in Q2.
According to Coinbase, total crypto spot trading volume declined more than 20% from the previous quarter as crypto asset prices fell and market volatility reached multi-year lows. Transaction revenue totaled $599 million—lower than the expected $628 million.
Subscription and services revenue totaled $555 million, representing 48% of net revenue. Coinbase said the figure was below its previously forecast range of $565 million to $645 million because certain USDC-related commercial agreements closed later than expected and lower crypto asset prices reduced staking revenue.
Stablecoin revenue totaled $292 million. Average USDC held across Coinbase products reached a record $20 billion during the quarter, representing more than 30% of USDC in circulation at quarter-end. Coinbase also said 88% of net revenue came from sources other than Bitcoin spot trading, compared with 45% in the second quarter of 2020.
Coinbase said its crypto trading market share reached a record 10.3% during the quarter, its third consecutive quarter of market share gains. The company said it gained share in both spot and derivatives trading.
In a bright spot for the company, prediction markets contracts and revenue grew 106% from the previous quarter and exceeded a $100 million quarterly annualized net revenue run rate, according to Coinbase. Average Borrow/Lend balances increased by more than $1 billion from a year earlier to $1.49 billion. The company also said the conditions for its commercial agreement with Circle to renew in August automatically had been met.
The earnings report follows a busy second quarter for Coinbase.
In May, the company became the first U.S. crypto exchange cleared to offer customers access to offshore crypto perpetual futures through its Deribit subsidiary. In June, Coinbase launched Coinbase for Agents, a platform that lets AI agents trade crypto, make payments and manage portfolios on users’ behalf. Later that month, the company announced plans to launch tokenized stock trading, crypto and equities options, along with new lending and rewards products.
Coinbase ended the quarter with $8.6 billion in cash and cash equivalents and $10 billion in total available resources. During the quarter, the company repurchased 814,000 Class A shares. Year to date, it has repurchased nearly 7 million shares for $1.2 billion, leaving about $2 billion remaining under its share repurchase authorization.
For the third quarter, Coinbase said transaction revenue totaled approximately $130 million through July 26. The company expects subscription and services revenue between $500 million and $580 million and adjusted expenses between $980 million and $1.08 billion.
Despite the weaker-than-expected earnings report, Coinbase CEO Brian Armstrong remained optimistic about the future of the company.
“Coinbase is no longer a bet just on the price of Bitcoin,” he said during the earnings presentation. “All of financial services are getting updated by crypto technology, whether that’s trading or payments or lending. And Coinbase is the best-positioned company in the world to power this. And of course, this next frontier is going to be agentic finance, where we’re an early leader.”
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Coinbase CEO Brian Armstrong responded to criticism over the company’s promotion of high-risk products to young and financially vulnerable users. He called for responsible product design that does not restrict adult choice.
Zcash founder Zooko publicly criticized Coinbase for promoting sports betting and Bitcoin (BTC) price prediction to inexperienced users. Armstrong acknowledged the tension, noting that companies must balance user freedom against platform responsibility.
The CEO argued on X that companies should not aggressively promote high-risk products to unsophisticated users. A clear distinction exists between making products available and actively pushing them on people least equipped to handle the risks.
Three practical measures followed from that position. Platforms should offer clearer risk disclosures, built-in financial literacy tools, and user preference settings to control which products appear. Together, these options could create a more personalized experience without removing adult access.
Additionally, Zooko’s criticism targeted how Coinbase surfaces Bitcoin price prediction and sports betting to inexperienced users. That kind of aggressive in-app promotion crosses a line, Armstrong said, even if the products themselves remain available.
Interesting — and I appreciate the take.
I think there’s a balance here.
I’m pro-freedom. Consenting adults should be able to do what they want with their own money, as long as they’re not harming others. I don’t want companies patronizing users or dictating what they can do…— Brian Armstrong (@brian_armstrong) June 28, 2026
The Coinbase chief recently commented on Coinbase’s Bitcoin market view, noting AI cost reductions alongside broader product expansion. Responsible design, he suggested, needs to accompany that growth rather than trail it. However, those ambitions now face questions about whether user safety has kept pace.
Meanwhile, scrutiny of Coinbase’s 2026 product direction reflects the broader sentiment around the company’s trajectory. Critics have argued that feature expansion has outpaced user protections. That tension sharpened further with Zooko’s public call-out this week.
Beyond the exchange, Coinbase’s Base chain B20 push and Coinbase Luxembourg MiCA hub show a widening footprint. That scope makes it harder to enforce product design standards uniformly across user segments.
The CEO also addressed whether sports prediction markets should exist at all. Private companies should not decide that question on their own. Instead, democratic processes are better suited to establish those limits.
The position separates two types of responsibility. How a platform promotes products differs from whether those products should exist.
The Coinbase CEO supports tighter design standards, including opt-in controls and personalized risk settings. Nevertheless, the case for regulatory rather than corporate limits remains central to that position.
The post Coinbase CEO Armstrong Comments on Betting Promotion Concerns in the Base App appeared first on BeInCrypto.
JP Morgan CEO Jamie Dimon did not mince words about his stance on the Clarity Act and Coinbase CEO Brian Armstrong in an interview with Fox Business on Friday.
The banking executive said he is not happy with the current version of the Clarity Act, a bill that would regulate most crypto activity in America, and says banks will “not accept it that way.” Dimon further vowed that the banking industry will fight it, and if “we lose, we lose.”
“It will be fought,” said Dimon. “No one is going to bow down to this guy, or that company,” he added, without specifically naming Armstrong or Coinbase.
After Fox Business anchor Maria Baritromo asked specifically about Coinbase, Dimon had more to say: “He’s the only one… he’s spending hundreds of millions of dollars in Washington on this thing. He’s full of shit.”
Jamie Dimon, complaining about the Clarity Act and Coinbase CEO Brian Armstrong this AM: “He’s spending hundreds of millions of dollars in Washington in this thing.”
Maria: “He said he’s representing the whole —”
Dimon: “He’s full of shit.”
Maria: “…well.” pic.twitter.com/Qik9Hnue6U
— Brendan Pedersen (@BrendanPedersen) May 29, 2026
Dimon’s scrutiny of the Clarity Act largely stems from the issue of stablecoin yield—a major sticking point with the banking lobby that has stalled progress on the bill in recent months. At the moment, cryptocurrency platforms are able to offer yield, essentially a form of interest payments, on stablecoin holdings as permitted by the GENIUS Act—signed into law by President Donald Trump in July last year.
The GENIUS Act specifically prohibits stablecoin issuers, such as Tether or Circle, from offering yield to clients, but allows for third-parties, such as Coinbase or other exchanges, to do so instead.
Banks have fought to include language in the Clarity Act to close that loophole while crypto industry giants like Coinbase have sought to ensure platforms can continue offering yield tied to stablecoins.
The debate has helped draw out the Clarity Act’s potential passage by more than four months, with Coinbase at one point withdrawing its support for the bill prior to the inclusion of stablecoin reward compromise language.
Just two months ago, Dimon slammed the demands on stablecoin yields, noting that the “public will pay.” Once more on Friday, he added that “it would eventually blow up on its own.”
“If you want to be a bank, become a bank,” he said in March. “Then you can do whatever you want under bank law.”
The contentious bill has seen plenty of back and forth over the last few months, but passed a key Senate Banking Committee vote earlier this month. It will now move to the Senate floor for a potential final approval.
Despite the back and forth, President Trump has remained adamant getting the bill passed, posting earlier this week that he aims to “codify a future proof digital asset market structure.”
As it stands, predictors on Polymarket give the bill around a 59% chance of being signed into law by the end of 2026.
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Bitcoin (BTC) demand on Coinbase points to early signs of market stabilization as BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite traders taking $1.14 billion in profits, which pushed the daily Coinbase premium to a six-week low.
The Coinbase Premium Index dropped to -0.087 on May 19, its weakest reading since March 31. A negative premium means Bitcoin traded at a lower price on Coinbase than on Binance, signaling softer demand from US-based buyers.
BTC profit-taking accelerated as it rallied to $82,000 and holders realized 14,600 BTC ($1.14 billion) in daily profits on May 4. CryptoQuant noted unrealized profit margins climbed to 17.7% on May 5, the highest level since June 2025.
Bitcoin net realized profit and loss. Source: CryptoQuant
However, the longer-term trend for Coinbase paints a steadier picture. The 14-day simple moving average (SMA) of the premium index has remained above its February lows. Similar recoveries in the moving average preceded renewed spot demand on Coinbase during March 2025, shortly before Bitcoin pushed toward $110,000 in April-May 2025.
The daily premium readings still sit below zero, though the rising SMA points to easing sell-side pressure. Bitcoin also continues to hold above the $70,000–$75,000 range, a zone that previously attracted strong spot accumulation.

Bitcoin Coinbase Premium 14-day SMA. Source: CryptoQuant
Crypto analyst Amr Taha noted that activity across the Coinbase-linked network stayed elevated during the latest pullback. The Base blockchain revenue climbed to nearly $972,000 on May 19, exceeding late-March levels even as the Coinbase Premium Gap remained negative.
The divergence highlights steady network participation inside the Coinbase ecosystem while spot demand gradually rebuilds.

Daily blockchain total revenue by different protocols. Source: CryptoQuant
Related: This Bitcoin price model targets ‘conservative’ $255K by year-end
The daily chart of BTC still leans bullish after the rejection near $82,000. The price continues to trade above the 100-day exponential moving average (EMA) near $76,800, which is acting as key dynamic support.
The current retracement has held within the $76,000–$77,000 fair-value gap, keeping buyers active near recent accumulation levels. A recovery from this zone could reopen the path toward $80,000–$82,000, while the larger supply area near $86,000–$90,000 sits higher.

BTC/USDT, one-day chart. Source: Cointelegraph/TradingView
$74,800 remains a key level and a daily close below that price would mark the first bearish break in the current higher-low formation and shift focus to the $70,000 psychological support level.
Futures data continues to support demand resilience. Market analyst CryptoOnChain reported that Bitcoin’s 30-day moving-average net taker volume dropped to $58 million on May 18 from $243 million in April. However, the metric remained positive during the recent correction, indicating that BTC futures buyers continued to absorb sell pressure near the current price.

BTC net taker volume. Source: CryptoQuant
Related: Bitcoin sees fresh US sell-off as markets await Nvidia ‘biggest earnings event’