Explore top Web3 wallets like Plus Wallet, MetaMask, Coinbase Wallet, and Trust Wallet. Learn which wallet offers the best in security, multi-chain support, and earning features.

Best Web3 Wallets: Plus Wallet, MetaMask, Coinbase Wallet & Trust Wallet

Discover best Web3 wallets, including Plus Wallet, MetaMask, Coinbase Wallet & Trust Wallet. Find out which one offers the most security, & earning opportunities

Top Web3 Wallets: Plus Wallet, MetaMask, Coinbase Wallet & More

Coinbase analyzed “Crypto x AI,” the combination of blockchain and artificial intelligence that transforms Web3.

Coinbase Ventures: the Crypto x AI that transforms the Web3

Coinbase Ventures is shifting focus away from pure-play crypto investments.

Why Web3 VCs Are Embracing Crypto+AI

From AI, to MemeCoins, to RWA companies, Base blockchain faces its "broadband moment" with increased adoption and use cases drive the demand for speed and capacity .

Coinbase’s Base Leads The Race To Become The ‘Broadband’ Of Web3

(Bloomberg) -- Cryptocurrency exchange Coinbase Global Inc. urged a federal appeals court to force the US Securities and Exchange Commission to create new rules that would govern digital assets and help end a long legal fight between the industry and regulators.Most Read from BloombergUnlocking ...

Coinbase Urges Court to Force SEC’s Hand on Digital Asset Rules

RAIR Technologies accepted into Denarii Labs Accelerator for Web3 startups, receiving mentorship to refine tokenomics and expand partnerships.

RAIR Technologies Joins Denarii Labs Accelerator To Refine Web3 Tokenomics - Coinbase Glb (NASDAQ:COIN) - Benzinga

While there are many ways to take advantage of COIN&#x27;s bullish move, options provide us with flexibility.

Coinbase Option Spread Has a 50% Return Potential in Less Than 2 Months

Coinbase

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Bitcoin is a unique monetary revolution that highlights the importance of decentralization in enabling humans to regain power over the fruits of their labor. Beyond money, decentralization is the key to humans regaining power in all areas. This applies to your data, social networks, etc... All areas are impacted, and decentralization is the key to a future where you have access to total freedom of action and expression. Bitcoin is just the prelude to a wider movement. The problem I and others have been seeing with Bitcoin for several months now is the rise of the financial giants in the Bitcoin world. Behind BlackRock, these financial giants are gradually stealing the very meaning of the Bitcoin revolution. BlackRock has a secret plan to take total control, as I explained a few weeks ago. BlackRock and the other financial giants are in the process of integrating Bitcoin into the current system as a simple SoV, whereas Bitcoin is intended to replace the current system. To do this, you need to think of Bitcoin as an MoE for everyday use. This, too, is the clash of the years to come: Bitcoin as a SoV Vs. Bitcoin as an MoE. While pseudo-Bitcoiners rejoice in everything that's currently happening because their only interest is to make ever more profit in weak money, you also need to open your eyes to another major risk for the future of the Bitcoin system. This risk has only worsened since the approval of Bitcoin Spot ETFs in early 2024. It involves the centralization of Bitcoin ownership within a single entity called Coinbase. Indeed, all the financial giants that have entered the Bitcoin world, except Fidelity, have delegated the management of their private keys to Coinbase. You may think I'm exaggerating to force the point, but when you see the figures, you'll realize the scale of the problem and the risk it poses to the Bitcoin revolution. Coinbase currently holds 11% of the Bitcoin supply! You read that right, it's 11%, or to be more precise 10.83%, since Coinbase currently holds 2.27 million BTC. This affects virtually every industry sector. Coinbase holds 1 million BTC on its platform on behalf of its customers. If you're among those who leave their BTC on a centralized exchange like Coinbase, remember this rule: Not your Keys, Not your Bitcoin. Coinbase Prime Custody, which caters to institutional clients, secures 137,947 BTC, while its broader services manage a further 106,541 BTC through funds and OTC services. ETFs and ETPs hold over 808,000 BTC, and companies such as MicroStrategy and Tesla collectively hold over 99,000 BTC on Coinbase. Miners account for around 17,609 BTC. This data highlights Coinbase's growing influence on BTC custody, raising potential centralization issues. You can see all this in detail on the previous diagram, but here's a short list summarizing the situation: Coinbase CEX: 1,105,318 BTC.
ETFs/ETPs: 808,619 BTC (KPs: BlackRock (357,043 BTC for IBIT), Grayscale (225,607 BTC for GBTC + 31,833 BTC), ARK Invest (45,132 BTC), and others).
Coinbase Prime Custody: 137,947 BTC.
Funds/OTCs:106,541 BTC.
Companies: 99,091 BTC (KPs: MicroStrategy (79,296 BTC), Tesla (11,509 BTC), SpaceX (8,285 BTC).
Miners:17,609 BTC (KPs: Hut 8, CleanSpark, Cipher Mining, and Bitfarms). What's most worrying here is that this trend is likely to grow in the future, as more and more companies in America decide to buy Bitcoin to replicate the MicroStrategy model that Michael J. Saylor has been following since August 2020. Public companies holding Bitcoins have increased by 40% over the past year, and 52 of them have added BTC to their balance sheets: When you see this list, you realize that the majority of these companies trust Coinbase and don't even make an effort to secure their BTC themselves. This proves that they don't understand the deeper meaning of the Bitcoin revolution or that they have no interest in it. A few days ago, an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months. In practical terms, this means they are targeting Coinbase, where all these Bitcoins are centralized. Now imagine the worst-case scenario - a hack of Coinbase. The entire Bitcoin industry would go into a depression of which you have no idea: All the Bitcoin held in ETFs would be gone.
Much of the Bitcoin held by MicroStrategy would be gone.
Bitcoin held by public companies would be lost.
Bitcoin held by US mining companies would also be lost. Compared to what would befall the industry, the collapse of FTX would be a laughing matter. Worse still, in my view, would be the risk of the end of the Bitcoin revolution. The total loss of confidence this would engender would run the risk of destroying the precious asset that we need to make the Bitcoin revolution flourish. For your part, if you already have the private keys to your Bitcoin, there's not much more you can do, unfortunately. Like me, you'll have to accept this major risk in the hope that the Bitcoin revolution won't be destroyed by the centralization and opacity induced by Coinbase. Bitcoin is a unique monetary revolution that highlights the importance of decentralization in enabling humans to regain power over the fruits of their labor. Beyond money, decentralization is the key to humans regaining power in all areas. This applies to your data, social networks, etc... All areas are impacted, and decentralization is the key to a future where you have access to total freedom of action and expression. Bitcoin is just the prelude to a wider movement. The problem I and others have been seeing with Bitcoin for several months now is the rise of the financial giants in the Bitcoin world. Behind BlackRock, these financial giants are gradually stealing the very meaning of the Bitcoin revolution. BlackRock has a secret plan to take total control , as I explained a few weeks ago. BlackRock has a secret plan to take total control BlackRock has a secret plan to take total control BlackRock and the other financial giants are in the process of integrating Bitcoin into the current system as a simple SoV, whereas Bitcoin is intended to replace the current system. To do this, you need to think of Bitcoin as an MoE for everyday use. This, too, is the clash of the years to come: Bitcoin as a SoV Vs. Bitcoin as an MoE . Bitcoin as a SoV Vs. Bitcoin as an MoE Bitcoin as a SoV Vs. Bitcoin as an MoE While pseudo-Bitcoiners rejoice in everything that's currently happening because their only interest is to make ever more profit in weak money, you also need to open your eyes to another major risk for the future of the Bitcoin system. This risk has only worsened since the approval of Bitcoin Spot ETFs in early 2024. It involves the centralization of Bitcoin ownership within a single entity called Coinbase. Indeed, all the financial giants that have entered the Bitcoin world, except Fidelity, have delegated the management of their private keys to Coinbase. You may think I'm exaggerating to force the point, but when you see the figures, you'll realize the scale of the problem and the risk it poses to the Bitcoin revolution. Coinbase currently holds 11% of the Bitcoin supply! You read that right, it's 11%, or to be more precise 10.83%, since Coinbase currently holds 2.27 million BTC. This affects virtually every industry sector. Coinbase holds 1 million BTC on its platform on behalf of its customers. If you're among those who leave their BTC on a centralized exchange like Coinbase, remember this rule: Not your Keys, Not your Bitcoin . Not your Keys, Not your Bitcoin Not your Keys, Not your Bitcoin Not your Keys, Not your Bitcoin Coinbase Prime Custody, which caters to institutional clients, secures 137,947 BTC, while its broader services manage a further 106,541 BTC through funds and OTC services. ETFs and ETPs hold over 808,000 BTC, and companies such as MicroStrategy and Tesla collectively hold over 99,000 BTC on Coinbase. Miners account for around 17,609 BTC. This data highlights Coinbase's growing influence on BTC custody, raising potential centralization issues. You can see all this in detail on the previous diagram, but here's a short list summarizing the situation: Coinbase CEX: 1,105,318 BTC. ETFs/ETPs: 808,619 BTC (KPs: BlackRock (357,043 BTC for IBIT), Grayscale (225,607 BTC for GBTC + 31,833 BTC), ARK Invest (45,132 BTC), and others). Coinbase Prime Custody: 137,947 BTC. Funds/OTCs:106,541 BTC. Companies: 99,091 BTC (KPs: MicroStrategy (79,296 BTC), Tesla (11,509 BTC), SpaceX (8,285 BTC). Miners:17,609 BTC (KPs: Hut 8, CleanSpark, Cipher Mining, and Bitfarms). Coinbase CEX: 1,105,318 BTC. ETFs/ETPs: 808,619 BTC (KPs: BlackRock (357,043 BTC for IBIT), Grayscale (225,607 BTC for GBTC + 31,833 BTC), ARK Invest (45,132 BTC), and others). Coinbase Prime Custody: 137,947 BTC. Funds/OTCs:106,541 BTC. Companies: 99,091 BTC (KPs: MicroStrategy (79,296 BTC), Tesla (11,509 BTC), SpaceX (8,285 BTC). Miners:17,609 BTC (KPs: Hut 8, CleanSpark, Cipher Mining, and Bitfarms). What's most worrying here is that this trend is likely to grow in the future, as more and more companies in America decide to buy Bitcoin to replicate the MicroStrategy model that Michael J. Saylor has been following since August 2020 . the MicroStrategy model that Michael J. Saylor has been following since August 2020 the MicroStrategy model that Michael J. Saylor has been following since August 2020 the MicroStrategy model that Michael J. Saylor has been following since August 2020 Public companies holding Bitcoins have increased by 40% over the past year, and 52 of them have added BTC to their balance sheets: When you see this list, you realize that the majority of these companies trust Coinbase and don't even make an effort to secure their BTC themselves. This proves that they don't understand the deeper meaning of the Bitcoin revolution or that they have no interest in it. A few days ago, an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months . In practical terms, this means they are targeting Coinbase, where all these Bitcoins are centralized. an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months an FBI alert appeared explaining that North Korean hackers had been targeting the thousands of units of BTC held by American Bitcoin Spot ETFs for months Now imagine the worst-case scenario - a hack of Coinbase. The entire Bitcoin industry would go into a depression of which you have no idea: All the Bitcoin held in ETFs would be gone. Much of the Bitcoin held by MicroStrategy would be gone. Bitcoin held by public companies would be lost. Bitcoin held by US mining companies would also be lost. All the Bitcoin held in ETFs would be gone. Much of the Bitcoin held by MicroStrategy would be gone. Bitcoin held by public companies would be lost. Bitcoin held by US mining companies would also be lost. Compared to what would befall the industry, the collapse of FTX would be a laughing matter. Worse still, in my view, would be the risk of the end of the Bitcoin revolution. The total loss of confidence this would engender would run the risk of destroying the precious asset that we need to make the Bitcoin revolution flourish. For your part, if you already have the private keys to your Bitcoin, there's not much more you can do, unfortunately. Like me, you'll have to accept this major risk in the hope that the Bitcoin revolution won't be destroyed by the centralization and opacity induced by Coinbase.

Bitcoin’s Centralization Threat: How Financial Giants and Coinbase Risk Undermining the Revolution

Let's learn about via these 43 free stories. They are ordered by most time reading created on HackerNoon. Visit the to find the most read stories about any technology. Coinbase /Learn Repo 1. Zuckerberg Still Rich Despite Drop in Net Worth Investors aren't too keen on Zuckerberg's new-found focus on the metaverse, even though the tech entrepreneur is betting his all on the emerging technology. 2. How to Buy Bitcoin Anonymously: The Most Secure Ways This article will tell you how to buy Bitcoin anonymously and at the same time legally, and most importantly, how to keep your data safe. 3. What Happens to Your Cryptocurrency in a Bankruptcy Situation? Filing for bankruptcy is complicated and sometimes difficult to understand. 4. Basic Reasons Why Should Universities Teach Blockchain to Students Global governments and regulators slowly and steadily are opening their doors for blockchain technology 5. 5 Best Polygon Wallets For NFTs in 2022 Not many wallets can effectively store MATIC and display NFTS seamlessly, but these 5 can. Find out how. 6. What Is Stopping Institutions From Taking the Path to Liquid Staking Institutions do have certain reasons for being cautious of the crypto market - but the innovation of liquid staking removes all such concerns. 7. Coinbase Is About to Be Sued By the SEC Coinbase Lawsuit Incoming! 8. Some Tech Giants Hurt In Wake of Pelosi's Visit to Taiwan Thousands of people from across the globe tracked Nancy Pelosi's plane ahead of its touchdown in Taiwan, making it one of the most tracked flights of all time. 9. Binance VS Coinbase: A Crypto Platform User Analysis Binance is known for it's cheap fees and many users: Coinbase on the other hand has less US regulations and more security. Find out which platform to use here. 10. Apple Reigns Supreme, More Bad News at Coinbase Apple Reigns Supreme, More Bad News at Coinbase 11. Weekly Web3 Brand Tracker: Sandbox Fashion Show, Playboy Avatars, and More 🐰 Playboy announces playable NFT avatars for the Sandbox metaverse. The NFTs are being released to honor the brand’s 69th anniversary. 12. Web3 UX/UI Woes: The Roadblock to Mass Adoption Crypto newbie's nightmare: how fixing UX/UI hurdles in web3 apps like jargon & complexity can unleash web3's potential for mass adoption! 13. Add a Buy Me a Coffee Button to Your Website With No Code! Learn how to easily install a button to start accepting cryptocurrency donations on your website using no/low-code solutions from Coinbase Commerce 14. Coinbase #1 for All the Wrong Reasons, Apple Becomes 'Beta' Coinbase paused hiring earlier this month and rescinded a number of accepted offers. 15. Tech Companies Show Support For Women After Roe v. Wade Overturned American politics are making international headlines yet again with the latest on Roe v. Wade and gun rights. 16. Interest in Microsoft Wanes 12% While Apple Remains Trendy AF Interest in Microsoft Wanes 12% while Apple Remains Trendy AF 17. Bridging CeFi and DeFi: Better Risk Management and More Sustainable Wealth Generation Have you ever staked tokens on a large crypto exchange like Binance or Coinbase? 18. About The Early Days of the Crypto Incubators As the crypto space has evolved incredibly quickly over the years, we’ve seen an emergence of new projects looking to bring new ideas and innovations to the forefront of society. However, the path to success can be a long and bumpy one, especially with so much competition and a plethora of new market entrants. 19. A Dash Primer - Digital Cash You Can Spend Anywhere "The Dash Platform has the potential to rule them all." This statement by Dash Product Owner, Dana Alibrandi, hints to the value that the platform provides in the cryptocurrency space. On Thursday, May the 23rd, Blockchain at UCLA hosted Dana Alibrandi for their first event of the spring to about what Dash is, how the platform works, and its potential use cases. 20. Independence! And All the Tech Companies in Between Independence! And All the Tech Companies in Between: The July 4th Edition of The Tech Company Brief by HackerNoon. 21. Coinbase Innovator’s Dilemma: From Exchange to Broker This quote from Brian Armstrong holds the clue to an under appreciated threat to Coinbase. 22. If The Coinbase NFT Marketplace is Web3 Instagram, Who is Web3 Facebook? If Coinbase NFT Marketplace is Web 3 Instagram, who is Web3 Facebook? And what are tech company activity do HackerNoon readers have on their mind? 23. IRS Warning Letters to Early BTC Buyers Illustrate the Utter Disarray of our Current Laws The U.S. Internal Revenue Service (IRS) released a statement on Friday that an operation targeting those who traded or bought more than $20,000 worth of Bitcoin between the years of 2013 and 2015. A warning letter have been sent, or will be sent, to each individual that are in this list, strongly advising that those who may not have reported taxes properly or even filed at all to amend their taxes as soon as possible. 24. What we call 'DeFi' Today Will Just be Called 'Finance' Tomorrow This article talks about Bitcoin and its DeFi infrastructure. 25. Mint your NFTs for Nothin' - Get your Crypto for Free A newbie tale of navigating the world of cryptocurrency exchanges and wallets to get to the holy grail of no-money-down NFTs. 26. How to build a trading platform: things to consider in 2019 27. How Secondary Listings Affect Coin Prices Purpose of the study: to show how secondary listing changes coin prices. 28. What You Don't Know About Non Fungible Tokens (NFTs) and Decentralized Finance (DeFi) With the rising popularity of cryptocurrency, the rise of a new generation of crypto-lovers has also fueled the growth of a new beast: non-fungible tokens. 29. "Chancellor on brink of second bailout for banks" - Where To Find this on the Bitcoin Blockchain "Where can I find the famous title of The Times in Bitcoin blockchain? Is the page saved into the blockchain?" 30. How to Onboard New Users With Coinbase Wallet Learn how to make onboarding new users to your web3 dapps easier by using Coinbase Wallet, then see how it's done with the included project and code samples. 31. Coinbase Cloud Node & NFT APIs Building upon his last publication, John Vester dives even deeper into Web3 by leveraging new tech by Coinbase Cloud to create a more functional dapp. 32. How Can New Players Disrupt Crypto Processing Methods? 33. [Announcement] Coinbase Custody Adds Support To Dvision Network (DVI) The addition of DVI token to Coinbase Custody represents the extensive works that have been put into the project by the Dvison developers. 34. 4/12/22: Top 5 Trending Tech Companies: #5 Intel, #4 Apple, #3 Coinbase, #2 Amazon, and #1 Microsoft HackerNoon's unique insights indicates that the public consciousness is aggregately eyeing #5 Intel, #4 Apple, #3 Coinbase, #2 Amazon, & #1 Microsoft this week. 35. The Rising Demand of Institutional Players The crypto market has been an emotional place over the past year. The fight between greed and fear was clear, and sadly the latter has won so far. However, there are signs that institutional investors are coming back to the scene, which is what many of us want- big money entering crypto. 36. The Augur Approach to Bookmaking on the Blockchain [Analyzed] Since 2010, the bookmaking market has shifted from a monopoly to a tight-competing place. New players came into this market, thanks to deregulation and the Internet. 37. Should Financial Institutions and Retail Investors Manage their own Cryptocurrency? Apart from revolutionizing the payment industry, cryptocurrency is destined to make investing available to everyone. In 2017, it was the biggest investment opportunity for retail investors. In 2019, not only is the number of retail investors increasing rapidly, but hedge funds, banks, and large financial institutions are also joining the market. 38. Where Can JJ Richman Possibly Be? Right now I am trying to get in contact with Jonha. I have a question to ask her. If you know her or perhaps live on the same street or maybe go to the same cafe would you mind asking her to give me a buzz. In February of this year I interviewed the lovely Jonha Richman.  The article is below – it is a gentle article that spends more time on another podcast – Planet Money – than her story but I liked it well enough. 39. Cryptocurrency Exchange Survey Finds Binance Is Still The King - However Various Issues Still Remain A recent survey carried out by blockchain-based data exchange company Insights Network has revealed that Binance is still the people’s choice in regards to their favorite exchange. 40. What's Inside the Long-Term Plans of the Coinbase Ventures Portfolio? Coinbase represents one of the world’s most popular digital currency exchanges, but the company is involved in numerous other crypto-related spheres. For instance, it has its very own investment department named Coinbase Ventures. The goal of Coinbase Ventures is to help create a suitable open financial system. To do this, it provides funding to early-stage startups with promising ideas and dedicated teams. As such, Coinbase Ventures has invested in dozens of innovative projects that are building the future’s financial infrastructure. This article will highlight Coinbase Venture’s long-term plans by providing readers with an overview of the most promising ventures. 41. Creating a Web3 Application with the Coinbase Wallet SDK Confused about where to start with Web3? John Vester shows how easy it is to get started using the Coinbase developer tools. 42. What is the Coinbase Effect and is it Worth Relying On Coinbase is the largest cryptocurrency exchange in the USA. It’s called the industry’s unicorn and a leader in mergers and acquisitions with the biggest influence across the USA market. The platform is second only to Binance in terms of trading volume while adhering to the rather old-fashioned policy in the listing procedure, which is why Coinbase supports fewer assets than Binance. 43. Top 50 Crypto Exchanges to Trade Your Cryptocurrencies in 2021 According to data from coinmarketcap.com, there are over 4,900 cryptocurrencies in existence today. They operate in over 20,000 markets, with over 300 registered cryptocurrency exchanges. Thank you for checking out the 43 most read stories about Coinbase on HackerNoon. to find the most read stories about any technology. Visit the /Learn Repo

43 Stories To Learn About Coinbase

Since the 1990s, cypherpunks faced a major challenge when designing electronic cash: . It wasn't until 2008 that this challenge was creatively addressed by Satoshi Nakamoto through technology and the proof-of-work consensus mechanism. The subsequent story is well-known. how to achieve decentralization while preventing double-spending blockchain After 15 years of development, Bitcoin still holds the top position in the industry by market cap. Decentralized application platforms like Ethereum have not surpassed it, highlighting its revolutionary significance. In this dimension, Bitcoin is undoubtedly a success. However, from another perspective, , Stablecoins like USDT, which are pegged to fiat currencies, now seem to dominate the industry as settlement currencies, a position that was originally envisioned for Bitcoin. Bitcoin falls short of success as its original vision of becoming a widely used currency for daily payments has not been realized. Bitcoin appears to have drifted away from its intended purpose as a peer-to-peer electronic cash system and has become a recognized digital gold of this era. This is directly related to another critical challenge that Bitcoin did not address, which is not widely known among the public: how to maintain the purchasing power of a currency on a decentralized basis. Satoshi Nakamoto did not consider this when designing Bitcoin; the currency's total supply was fixed and produced by halving every four years. This has , forcing us to resort to using centralized stablecoins like USDT for payments and settlements. led to significant price volatility for Bitcoin Even though there are many , the global population is voting with their feet. Few are willing to use Bitcoin, which is primarily seen as a store of value with significant volatility, for daily payments. Furthermore, the performance of the Bitcoin Lightning Network data corroborates this fact. trying to downplay the lack of supply adjustment mechanisms in Bitcoin and argue that it won't affect its role as a daily payment and settlement currency Bitcoin maximalists The entire crypto world cannot sustainably rely on the US dollar as a surrogate for settlement; this fundamentally contradicts our vision. However, today, it seems that even Bitcoin may struggle to uphold the ideal of being the world's currency. While few currently acknowledge Bitcoin's deficiency in adjusting its money supply, notable figures like a Bitcoin OG and economist have recently been speaking out, bluntly pointing out that Furthermore, Brian Armstrong, the CEO of Coinbase, a leading crypto exchange that originally focused on Bitcoin trading, has recently emphasized that , proposing the direction called ” Lawrence H. White gold offers better stability in purchasing power compared to Bitcoin. many are less willing to spend Bitcoin as currency today . "Flatcoin "The economy is now flat" means that the economy has not experienced any significant changes, either increase or decrease. When applied to a currency, it means that Brian also explicitly stated that this should be decentralized, not pegged to fiat currencies, and track the Consumer Price Index. its purchasing power does not experience drastic fluctuations. Flatcoin Thanks to Coinbase's influence, the issue of currency supply adjustment, which Satoshi Nakamoto had chosen to avoid fourteen years ago, has returned to the forefront of the industry: "How can we achieve decentralization, prevent double-spending, and maintain purchasing power stability simultaneously?" Indexed Risks of Flatcoin Regrettably, Brian's exploration of indexed faces significant challenges, primarily related to the process of indexing. flatcoin These eight risks include: Index-based anchoring relies on the single-point execution of a managing institution, leaving room for malicious decoupling. Centralized Execution Risk: Indices issued by companies or governments can be controlled and manipulated, failing to reflect real market conditions. Data Manipulation Risk: Indices are denominated in fiat currencies, which themselves can experience price volatility. Index Base Price Risk: The index itself can suffer from technical distortions, leading to incorrect market price sources. Technical Failure Risk: Indices may struggle to encompass the demand and price fluctuations of a basket of goods driven by technological advancements. Scope of Assessment Risk: Real-life demands are constantly changing, making it difficult for indices to accurately represent real-time needs and weightings. Representational Risk: On-chain data relies on external inputs, posing security vulnerabilities through Oracle systems. Data Security Risk: Hackers, major capital entities, or powerful institutions can manipulate the data sources of the index, capitalizing on asymmetric risks. Manipulation Risk: These eight risks cannot be entirely eliminated. So, is there a way to achieve purchasing power stability without anchoring to any published index? Flatcoin: Based on Gold Supply Adjustment Mechanism Let's start by carefully examining the stability of purchasing power provided by gold. Although gold has withdrawn from the stage of daily currency due to the high costs associated with its physical form, we can explore the principles behind its currency mechanism. Historically, a significant advantage of gold as a currency is its natural system for maintaining purchasing power, known as the supply-adjustment mechanism. This system effectively operates based on the production cost of gold and market competition in its price, without the need to be tied to any index. When the price of gold rises, it incentivizes more gold mining and reduces the use of gold in industries, jewelry, and collectibles. Some individuals may even melt down their jewelry to create gold bars, thereby increasing the supply of gold in the market. Conversely, when the price of gold falls, gold mining decreases, industrial use rises, and more gold is fashioned into jewelry and collectibles, reducing the circulating supply of gold. This mechanism allows gold to maintain relative purchasing power stability throughout history and serve as a global medium of exchange for daily settlements on a large scale. In other words, if there were a mechanism similar to gold, . with cost adjustments and a free market to adjust the currency supply, purchasing power stability could be achieved organically . This is the reason why Bitcoin can retain value over the long term but struggles to maintain purchasing power stability. Bitcoin possesses the cost mechanism of gold but lacks a stable mechanism to adjust its currency production according to market demand At the same time, nearly This is why algorithmic stablecoins, while capable of short-term price stability, are prone to long-term instability. all current algorithmic stablecoins lack cost systems similar to those of Bitcoin and gold. Is it possible to build a cryptocurrency that while standing on the shoulders of Bitcoin? mirrors the purchasing power stability principles of gold We can evaluate this by considering the following 7 points: Achieving a degree of decentralization equal to or greater than Bitcoin, both in terms of technology and operations. Decentralization Level: Implementing a fair distribution without reserves, pre-mining, or private sales, ensuring that no one can bypass market competition to obtain shares. Fair Currency Distribution: Establishing a flexible currency supply adjustment mechanism that can adapt to both long-term and short-term needs. Theoretically, this mechanism could . Effective Adjustment Mechanism: adjust the supply faster than gold, matching long-term economic growth and smoothing short-term price fluctuations Having a reasonable incentive structure to promote the rapid development of the currency. Incentive Mechanism: Being supported by economic theories without violating fundamental economic principles, ensuring the model's rationality. Economic Principles: Possessing a more mature blockchain architecture than Bitcoin, capable of supporting various technological advancements and use cases. Technological Advancement: Incorporating a cost mechanism similar to Bitcoin or gold, such as Proof of Work. Production Cost: If all these evaluation criteria can be met, then the currency supply adjustment problem that Satoshi Nakamot once avoided might be solved. We could have an electronic cash that achieves decentralization, prevents double spending, and allows the currency supply to adjust autonomously. This appears to be an almost perfect currency system and has the potential to become a greater cryptocurrency, following in the footsteps of Bitcoin and Ethereum. With this robust foundation, is poised for even greater growth and prosperity. the crypto space We can see that Flatcoin can currently be divided into index-based and market cost-based, similar to the gold supply adjustment mechanism. We believe and hope that the experimentation and development of Flatcoin can bring us one step closer to realizing that ideal vision of a perfect currency.

Flatcoin: Coinbase's Vision for Purchasing Power Stability in Crypto

In a recent interview with Yahoo Finance, Coinbase CEO Brian Armstrong discussed a notable emerging concept in the space — Flatcoins. Armstrong, in his characteristic composed manner, emphasized Coinbase’s interest in this new development, marking it as a significant trend to watch. cryptocurrency Flatcoins, described as stablecoins with an intriguing twist, are designed to be pegged to the cost of living, ensuring their purchasing power remains steadfast in the face of inflation fluctuations. They are being touted as a safeguard against rising costs and market volatility, adding a fascinating layer of innovation to the crypto landscape. This article explores the concept of Flatcoins, delving into their potential to redefine the cryptocurrency landscape and their practical applications in the evolving financial ecosystem. If you’re curious about the world of Flatcoins and their potential impact, read the full article for an informative exploration. https://youtu.be/4G2PrhxOM8g?si=3jkYDRxYKba0tkcF&embedable=true In an interview with Yahoo Finance, Coinbase CEO Brian Armstrong discussed various topics ranging from their SEC lawsuit to cutting-edge crypto projects. When asked what can be expected from Coinbase, Armstrong claimed that Flatcoins are the “new thing on the horizon” and that Coinbase is “interested in it.” One word stood out for many, and that was . Flatcoins It is the second time within two weeks that Brian Armstrong has specifically hailed Flatcoins and their potential. The first time came in a that highlighted the top ideas in crypto startups and called out for new builders. Coinbase blog post “Bitcoin is the gold standard of the internet, and that’s a great idea for a currency. But because it has so much upside, many are less willing to spend it as currency today. It still has some growing to do. Fiat-backed stablecoins are a great intermediary step, but they suffer from inflation and seizure — just like fiat money. What would it look like to make a better form of money enabled by crypto? It would probably be totally decentralized and track consumer prices to preserve purchasing power, or something close to it. It may need to be backed by a basket of assets to track CPI, or use an algorithmic approach. Services like Truflation even offer a way to potentially track inflation onchain today, to further decentralize it. The company or protocol that helps build a better form of money in crypto would have a huge impact.” , CEO of Coinbase Brian Armstrong What is a Flatcoin? Simply put, a Flatcoin is a stablecoin that is pegged to the cost of living in order to keep up with the rate of inflation. Flatcoins are described as an “inflation-proof” coin and as a way for investors to protect their assets from rising costs and volatility. The goal of Flatcoins is to keep the purchasing power of the coin the same, while the cost of living may fluctuate up or down depending on inflation. , by ex-Coinbase CTO Balaji Srinivasan ( ), in 2021, is credited with being the first public mention of Flatcoins. This post @balajis The cryptocurrency claims to be the first Flatcoin created back in 2022. Nuon is pegged to , an independent inflation index oracle, and is used as a hedge against inflation and to take advantage of arbitrage opportunities. Nuon Truflation Some other examples of Flatcoins are: — is an Ampleforth Foundation project that is pegged to the cost of living in the USA Spot — a blockchain-tradable flatcoin collateralized using a tokenized index of real estate and commodities. Collypto — is a specialized stablecoin with an inflation index pegged price target. LendrUSD — is a flatcoin pegged to the value of an underlying basket of real-world assets that does not include the US dollar. International Stable Currency Do you think Flatcoins will replace Stablecoins as the premier spending cryptocurrency? Are there any other cryptocurrency ideas that have not been created yet? What are your thoughts on this news? Join the conversation below! Check out my Socials: https://linktr.ee/zerorequiem0x Also published . here

Flatcoins Might Be Coinbase's Next Big Bet: Could They Change the Game?

GM crypto cheetahs. You’re reading Owlsome— A place where readers bang their chest like a gorilla with happiness. The content below can be funnier than a cat getting arrested for a serious crime. Note: Here’s what we’re covering today. Coinbase’s Base is chasing pace. Elon’s X crypto integration vision lands in hot water Twitter CoinBase has unofficially sliced SEC’s lawsuit into two parts The mother of Elon’s Children made more money through NFTs than from her entire music career. Funniest meme on the planet Coinbases's Base looks ready to win the race! Base, a Layer 2 developed by Coinbase using the Optimism developer stack went live for the public, a few weeks back. And Boi, its instant success has left haters with the same reaction on their faces as when you fart up a storm and then feel liquid. Base Highlights The base was first launched in July but for only developers On AUG 9, it got open for everyone and therefore witnessed a huge uptick in users. Taking the user no. to an all-time high of 100,983. Base has successfully impregnated fear in the hearts of its competitors with over $160 m of Ethereum and other cryptos moved to the chain hours after launch. Plus it hosts an ecosystem of over 100 (decentralized applications) DApps and service providers. The L2 rollup has already glided past competitors like Starknet and Immutable X— Ranking 4th in daily transactions among the colony of L2s. Unfortunately, the L2 will never have its own token. How does Base, complement Coinbase? Well, Base sparkles the ass of Coinbase in mainly 3 ways, let’s discuss them. 1️⃣It enables a better user experience, through its low and faster transaction fees 2️⃣Base Rollup network also enhances the scalability and efficiency of Coinbase 3️⃣Base empowers Coinbase to process a significantly high volume of transactions off Ethereum, eliminating any network congestion and slowdown issues. 4️⃣Overall Base is like Harry Potter’s magic stick for Coinbase. Base is definitely a centralized Blockchain, and its growth, should not be celebrated the way I’m doing. But who cares…after all things never happen according to us. So sit back and sip Cola. Web3 wallet Suku may beat Crypto Twitter payment adoption Suku, a web3 wallet application, has the power to tear apart Twitter's dream of becoming a payment platform. How? While Mr. Musk kept dreaming and ranting about making Twitter a platform for crypto payments, the guys at SUKU were working towards doing just that. If only Elon didn’t spend months on that new X logo, we’d already have a payment platform within X. Twitter However, let’s look at the highlights of the SUKU wallet. Allows peeps to transfer crypto and NFTs using their Twitter handles Supports social media networks like Linkedin, FaceBook, Reddit, and Instagram. The best part is, It’s non-custodial Wow!! 3 Things that the CEO of SUKU Yonathan Lapchik, said I see as slaps on Elon’s Face. 1️⃣If you use Twitter, Facebook, Instagram, Reddit, and LinkedIn all day, you don't want to have a payment system for each one – you only want to have one that connects to all social media platforms. 2️⃣ It isn’t easy to create a decentralized payments system with one centralized application, therefore Suku needs to expand to other platforms for users to maintain a holistic social graph. (think- ohhhhoooooo…meme) 3️⃣Elon’s plan to rebrand to X, is as stupid as a man trying to lick a monkey’s butt…(Oh…He said this in his mind). Talk about a thought whisperer. Like my writing style? Subscribe to to have the most entertaining crypto news and narratives right in your inbox. Owlsome Coinbase beat revenue amid SEC lawsuit Guess who’s the happiest bald man on the planet lately. With a head brighter than his future, Brian Arm Strong has pushed every limit to make Coinbase regulatory compliant in the U.S. However, the SEC wrapped around the neck of Coinbase like an Anaconda earlier in June, with its lawsuit. Everyone thought that the lawsuit will swallow the company. anaconda But it turns out SEC’s lawsuit is the best thing that happened to Coinbase. Coinbase shares are since up over 154% year to date. Investor confidence in the company is steadily growing. USDC(Firm’s stablecoin) had risen to $1.8 billion from $1.2 billion due CoinBase’s newly launched L2 is growing like a volcanic eruption. And the craziest news of all— Coinbase’s revenue beat analysts’ predictions. The company registered $708 M in revenue for the 2nd quarter of 2023, surpassing the predicted $628m by a wide margin. I bet the company's employees are raising a toast to the lawsuit. With their confidence levels reaching an all-time high. Talk about an opportunity in disguise. Above everything else, the company proudly says that it will win the fight against the SEC and will also force them to lay clearer regulations over time. Grimes’ NFT earnings Top her entire music career earnings Hold on to your headphones folks, Grimes, who is less popular as a singer and more popular as Elon’s GF, has rode the NFT wave in sheer style. The pretty lady made more than $5.8m in less than 20 minutes from NFTs in 2021. That’s more money she earned in her entire music career, according to her. All thanks to her brother, Mac Boucher, who gave her this fantastic idea ‘to come up with a 10 NFT collection called “WarNymph”’. Grimes, who mothered two children with Elon Musk, has been releasing music since 2010. She says, the foray into the NFT world has changed her life. Elon is an alien Grimes is now stepping into AI. And Guess what? She has launched an AI-voice software that enables anyone to create vocals using her voice. Plus she’d offered to split 50% of the royalties with the creator who made a song using her software. While I do not know how successful this idea might be, I’d like to think the Gal is quite intelligent. Needless to say, that’s probably why Elon dated her. Funniest Meme on the planet Bitcoin Whales be like… Also published . here

CoinBase's 'BASE' is Changing Pace!

TL;DR Breakdown Coinbase rolls out the Stand With Crypto Alliance, a nonprofit advocating pro-crypto regulations. Amidst legal confrontations, the exchange garners significant backing for clearer regulatory guidelines. The Alliance’s mission is to harness community strength, pushing for protective crypto legislation. A Nonprofit for the Decentralized Community Coinbase has formed the Stand With Crypto Alliance, an independent nonprofit to advance pro-crypto legislation. This first advocacy group of its kind seeks to mobilize crypto’s diverse user base around supportive laws. The Alliance aims to create a regulatory framework tailored to digital assets. This responds to escalating legal clashes between crypto firms and agencies like the SEC over asset definitions. Victories like the Ripple ruling show need for clarity. Empowering the Public in Policymaking Beyond lobbying, the Alliance provides tools for the public to easily contact representatives and track their crypto votes. This grassroots approach engages people in the democratic process regarding this complex issue. Crypto regulation remains hotly debated, with reasonable arguments on all sides. By broadening participation, Coinbase hopes to include fresh perspectives and foster mutual understanding. The communal nature of blockchain makes this public-centric strategy fitting. Navigating the Balance of Innovation and Regulation Laws that protect consumers yet encourage innovation remain the ideal. But perfect solutions are elusive given clashing interests and new technologies. Wisdom emerges through good faith discourse. Flawed legislation could severely inhibit crypto’s potential or expose users to preventable harm. Considered policymaking is crucial. The Alliance offers an avenue for crypto enthusiasts to collectively steer these monumental decisions. The path to financial freedom is rarely without its bumps and turns. Yet, in an era where decentralization is not just an ideal but a tangible goal, entities like Coinbase take the mantle, ensuring that every voice, every transaction, and every digital asset gets its rightful place under the sun. The real revolution isn’t in the technology but in the collective will to redefine the very fabric of our financial future. “. Thank you for reading “Coinbase Launches Alliance to Champion Crypto Policy Subscribe to our newsletter: Consensus Protocol Follow us on Twitter: Twitter Sources Coinbase launches independent pro-crypto policy group Coinbase empowers the crypto world with groundbreaking advocacy group House Financial Services Committee Reports Also published . here

Coinbase Creates Alliance to Champion Crypto Policy

The SEC recently sued Coinbase, accusing it of selling unregistered securities. This follows the regulator repeatedly rejecting Bitcoin ETF applications, including from Ark Invest and Cathie Wood. The SEC appears to be asserting authority over crypto through litigation rather than clear rule-making. However, recent court decisions have challenged the SEC’s ability to classify most digital assets as securities. Stifling Innovation and Consumer Choice This aggressive approach risks stifling innovation in emerging technologies like blockchain. It deprives consumers of access to new crypto financial products pending legal clarity. Cryptocurrencies do not neatly fit existing regulations designed before their invention. Reasonable new rules require good faith efforts between regulators and lawmakers, not unilateral decrees. Time For Forward-Looking Policies Attempting to force new innovations into outdated boxes typically fails. Policymakers should consider more forward-looking crypto oversight that balances consumer protection with enabling progress. Crypto has great potential to expand financial access and inclusion. Heavy-handed regulation could force innovators overseas and leave America behind. The ideals underlying permissionless innovation endure regardless of legal wrangling. “ Thank you for reading “Advocacy Groups: SEC Lawsuit Against Coinbase Exceeds Authority Subscribe to our newsletter: Consensus Protocol Follow us on Twitter: Twitter Sources: SEC Seeks to ‘Usurp Congress’s Authority’ in Coinbase Lawsuit: Blockchain Association News Explorer — SEC’s Lawsuit Against Coinbase Is an Attempt to Exceed Its Authority, Advocacy Groups Say SEC delays decision on bitcoin ETF from Cathie Wood’s Ark Invest Also published here

Does the SEC Lawsuit Against Coinbase Exceed Authority?

Coinbase has announced the public launch of its new “Base” blockchain after months of testing. The company touts Base as the first blockchain unveiled by a publicly traded firm, representing a major push into decentralized network operations. Built on Ethereum, Ranked Among Top L2s Technically a layer-2 network built on Ethereum, Base leverages the Optimism “OP Stack” architecture used by other interoperability focused blockchains. Even before going fully live, Base ranked 5th among all layer-2s in terms of value locked at $139 million. The network promises features like enhanced scalability and lower transaction costs. Empowering Mainstream Adoption For Coinbase, Base paves the way for new revenue streams including network fees and dApps built on top of it. The company already has 100 dApps ready for deployment. Base also aligns with Coinbase’s goal of driving crypto mainstream. New integrations with brands like Coca-Cola aim to showcase real-world blockchain applications to everyday users. An Increasingly Crowded Market However, Base enters a crowded field of Ethereum scaling solutions. While it lacks a native token unlike some competitors, the network will need unique value propositions to stand apart. Its success will ultimately depend on developer and user adoption. But as a high-profile public company-led project, Base begins life with advantages like brand recognition. The Cutting Edge Often Cuts Both Ways As crypto stretches into uncharted territories, progress comes with risk. But avoiding innovation means stagnation. While prudent oversight is key, fear must not breed inaction. For it is audacity blended with wisdom that changes the world. “. Thank you for reading “Coinbase Officially Debuts ‘Base’ Blockchain in Major Milestone Subscribe to our newsletter: Consensus Protocol Follow us on Twitter: Twitter Sources Coinbase Official Statements and Press Releases Interview with Jesse Pollak, Coinbase’s Head of Protocols Crypto Analysis Firm L2Beat Data from Crypto Analytics Firm Dune Ethereum’s Public Blockchain Information CoinDesk Report on Base Project NASDAQ and U.S. Public Trading Records Also published . here

Coinbase Officially Launches ‘Base’ Blockchain in Major Milestone

Coinbase's Base: Future of Layer-2 Solutions In the ever-evolving landscape of blockchain technology, every innovation promises to be the next big thing. Yet, few have the potential and backing to truly revolutionize the way we perceive and interact with digital assets. Enter Base, Coinbase's latest offering, set to redefine the Layer-2 (L2) solutions arena. But what makes Base stand out in the crowded L2 ecosystem? Let's dive deep. The Meteoric Rise of Coinbase: Setting the Stage for Base Coinbase, a household name in the cryptocurrency realm, has witnessed an astronomical growth trajectory. From its inception, the platform's user base has surged, boasting 56 million users in 2021 and nearly doubling to 108 million in 2022. This staggering 92.8% year-on-year growth is a testament to Coinbase's adaptability and its resonance with the global crypto community. Delving into the quarterly data, we observe significant growth spurts, especially between Q1 to Q2 2021 and Q3 to Q4 2021. Such growth patterns often align with strategic decisions, global crypto trends, or product launches, setting the stage for innovative offerings like Base. Base: Not Just Another L2 Solution Base, at its core, is an Ethereum L2 solution. But its distinction lies in its features and the powerhouse backing it: Base marries Ethereum's robust security with the much-needed scalability, offering a seamless and efficient crypto experience. Security Meets Scalability: Base promises Ethereum's vast environment at a fraction of the cost, addressing the high transaction fee deterrent. Cost-Effective Transactions: Built on the MIT-licensed OP Stack, in collaboration with Optimism, Base champions transparency and community-driven innovation. Open-Source Collaboration: Base users enjoy the dual benefits of Ethereum's ecosystem and Coinbase's user-centric features, ensuring a holistic crypto experience. The Coinbase Advantage: Base in Action: Real-World Use Cases Understanding Base's potential requires visualizing its real-world applications: With Base's integration of Chainlink's price feeds, users can confidently explore lending, borrowing, and other DeFi avenues without concerns of high fees or security breaches. Decentralized Finance (DeFi): Base paves the way for tangible in-game assets, allowing gamers to trade items as real-world assets, tapping into collaborations with industry giants like Atari. Gaming: Artists and musicians can leverage Base to mint and sell their creations as NFTs, ensuring authenticity and a broader reach. Art and Music: Quick Snapshot: Coinbase's Journey in Numbers Coinbase's journey, marked by its highs and lows, provides context to Base's inception. With over 100 million users in 2022 and significant growth spurts, Coinbase has faced challenges too, like the decline in MTUs and financial losses in Q3 2022. These statistics not only offer insights into Coinbase's trajectory but also underscore the need for innovations like Base. Why Base Could Be the Game-Changer The crypto realm is teeming with L2 solutions. Yet, Base stands out, and here's why: Base's collaboration with Optimism L2 is a strategic masterstroke, promising a synergy of the best features of both platforms. Strategic Alliances: With assets worth over $130 billion as of early 2023, Coinbase's backing ensures Base has the potential to soar to unprecedented heights. Coinbase's Legacy: Base is not just about the present. With features like Account Abstraction (ERC4337) and smart contract wallets, it's evident that Base is gearing up for the future. Future-Ready Features: The Evolution of Layer-2 Solutions The blockchain world has been buzzing with the term "Layer-2" or "L2" solutions for a while now. But what are they? In essence, L2 solutions are built on top of existing blockchains (like Ethereum) to enhance their capabilities. They address some of the inherent challenges of mainnet blockchains, such as scalability issues and high transaction fees. Over the years, several L2 solutions have emerged, but Base, with its unique features and strong backing, is poised to lead the pack. The Global Perspective: Why Base Matters As the world becomes increasingly digital, the need for efficient, secure, and cost-effective blockchain solutions becomes paramount. Countries and businesses are looking for platforms that can handle vast transaction volumes without compromising on security or user experience. Base, with its promise of scalability and reduced fees, can be the answer to global blockchain adoption, bridging the gap between traditional financial systems and the new-age digital economy. Community and Developer Engagement One of the standout features of Base is its focus on community and developer engagement. Being open-source, it invites developers from around the world to contribute, innovate, and enhance the platform. This collaborative approach ensures that Base remains at the cutting edge of blockchain technology, integrating new features and improvements based on real-world feedback and needs. The Road Ahead for Base While Base has made a promising start, the journey ahead is long and filled with challenges. The crypto world is dynamic, with new innovations and technologies emerging regularly. For Base to remain relevant and dominant, continuous innovation, community engagement, and strategic collaborations will be crucial. The roadmap for Base will likely include more partnerships, deeper integration with other platforms, and a focus on user education and engagement. Final Thoughts In the ever-changing world of blockchain and crypto, Base stands out as a beacon of innovation and promise. Its unique features, combined with the might of Coinbase, make it a platform to watch out for. As businesses, developers, and users explore Base's potential, it could very well set new standards in Layer-2 solutions. In Conclusion Base, with its robust features, strategic collaborations, and the backing of a giant like Coinbase, is poised to be the next big thing in the crypto world. It promises to make blockchain technology more accessible, efficient, and user-friendly. As the world of crypto continues to evolve, platforms like Base will be at the forefront, driving change and shaping the future.

Coinbase's Base: The Next Big Leap in Blockchain

কয়েনবেসের ভিত্তি: ব্লকচেইনে পরবর্তী বিগ লিপ

Die Basis von Coinbase: Der nächste große Sprung in der Blockchain

Base de Coinbase: el próximo gran salto en Blockchain

La base de Coinbase : le prochain grand saut dans la blockchain

कॉइनबेस का आधार: ब्लॉकचेन में अगली बड़ी छलांग

Coinbase の基盤: ブロックチェーンにおける次の大きな飛躍

Coinbase의 기반: 블록체인의 차세대 도약

Base da Coinbase: o próximo grande salto na Blockchain

Coinbase'in Tabanı: Blockchain'de Bir Sonraki Büyük Atılım

Cơ sở của Coinbase: Bước nhảy vọt tiếp theo trong chuỗi khối

Coinbase 的基础：区块链的下一个大飞跃

Coinbase, one of the largest crypto exchanges in the U.S., has launched Coinbase International Exchange out of Bermuda for non-US professional investors to trade derivatives, starting with Bitcoin and Ethereum perpetual futures. In its press release, Coinbase identifies the importance of perpetual futures markets by stating that it “accounted for nearly 75% of global crypto trading volume in 2022, creating highly-liquid markets and offering traders additional versatility in their trading strategies.” Perpetual futures were popularized by BitMex and invented by its founder . It’s a hilarious story of how BitMex found its product-market fit and grew to become the biggest derivatives exchange. Arthur Hayes BitMex started as a crypto exchange offering expiring futures and low leverage. Traders would have to roll over from the “front” futures contract, a currently expiring contract, to the “back” futures contract, a contract with an expiry relatively far in the future. Since most of the traders on BitMex early on were retail, they would not know how to roll-over the futures contracts. They would be stuck with the “front” contract until it expires, effectively liquidating & closing their position. Arthur solved this problem by creating perpetual futures, which never expire and retail traders would not need to roll over. My readers from Europe & Asia will recognize perpetual futures contracts are quite similar to Contracts-For-Difference (CFDs), common in retail FX trading. The second magical ingredient for the growth and success of BitMex was massive leverage! When BitMex started early on, it offered very modest leverage and couldn’t achieve a liquidity loop, where volume & trading attracts more volume & trading. Arthur recognized that the missing piece for BitMex to achieve escape velocity was leverage, with which traders can get massive firepower to trade high volumes. Last but not least, BitMex bootstrapped initial liquidity on the exchange by running an internal market-making & proprietary trading desk. BitMex itself was the market maker for the #perpetual contracts to ensure liquidity, hence trading against its clients. The rest is history - BitMex grew rapidly, becoming the biggest crypto exchange by volume in 2018. Today #perpetual futures exchanges offer leverage up to 100x. Traders can with $1, trade an amount of $100 because the exchange lends out to the remaining $99. Trading with high leverage like 100x might seem like an awesome idea since you can achieve 100x profits, but it also means that a price move of 1% against you can wipe out your whole capital, liquidating your position. Coinbase offers up to 5x leverage to traders, un-competitive in the global #crypto #derivatives markets, and claims to have external market makers providing #liquidity. Finally, #Coinbase boasts liquidation that meets rigorous compliance standards. Coinbase is pretty much 5 years late to the game. The end. Also published . here

Stories, News & Mentions about COINBASE

Coinbase’s Stories on HackerNoon

Coinbase's News & Mentions