America’s biggest crypto exchange today went live with 24-7 Bitcoin and Ethereum
Coinbase—which went public in 2021—said that 24-7 trading would allow clients to properly “manage risk” by responding “to price movements and market events in real time, including weekends.” The exchange said it was working with clearing house Nodal Clear to bring users the service. “Extending futures trading to a 24/7 cycle is a fundamental evolution in market structure and one that requires robust risk management around the clock,” the company’s CEO and chairman Paul Cusenza said.
The new service comes one day after the exchange announced that it was buying Dubai-based options exchange Deribit for $2.9 billion. The San Francisco, California-based company said in a company blog post Thursday that the transaction was valued at $2.9 billion. The total price paid will consist of $700 million in cash and 11 million shares of Coinbase Class A common stock, the companies said.
Coinbase is helping bring cryptocy deeper into the U.S. housing market through a partnership with Better Home…
A growing bipartisan effort to curb financial conflicts of interest in Washington is expanding beyond…
The worlds of fine art and digital collectibles are colliding once again as ElmonX prepares to launch…
VeVe is expanding beyond digital collectibles and comics with the launch of Stickerverse, a new social…
Kalshi is moving quickly to expand its newly approved crypto derivatives business after announcing plans to…
Former U.S. presidential candidate Andrew Yang is expanding his presence in the telecommunications industry after Noble Mobile announced the…