In response to the Wall Street Journal

Tl:dr Earlier today, the Wall Street Journal published an article highlighting client-driven activities, which they seem to confuse with proprietary trading.Unlike many of our competitors, Coinbase does not operate a proprietary trading business or act as a market maker. In fact, one of the competitive strengths of our Institutional Prime platform is...

Sep 2022

Coinbase gains regulatory approval in the Netherlands

Tl;Dr: Coinbase becomes the first major global crypto exchange to successfully register with the Dutch Central Bank (De Nederlandsche Bank — DNB), allowing us to offer our crypto products and services to the Dutch market.By Nana Murugesan, Vice President, International and Business DevelopmentHoi, Nederland!We are excited to announce that Coinbase has...

Sep 2022

Coinbase Cloud launches platform for web3 developers

Starting today, developers have free and instant blockchain API access with Node by Coinbase CloudTL;DR: Coinbase Cloud enables web3 developers to build their web3 applications with instant and reliable read/write blockchain access using Node.By Luv Kothari, Group Product Manager, Coinbase Cloud; Sriram Raman, Product Manager, Coinbase CloudWeb3 development...

Sep 2022

What Web3 Identity Needs

TL;DR: To create an open financial system for the world, we need to ensure web3 is usable by everyone. This means building an identity experience that’s intuitive, forgiving, and trustworthy, combining the best of web2 and web3. Our first step is to make it easy for anyone to claim a web3 (ENS) username for free, but there’s more work to be done.By...

Sep 2022

Coinbase Exchange fee updates — September 2022

Coinbase Exchange fee updates — September 2022On Tuesday, September 20, 2022 at approximately 5pm ET, Coinbase Exchange will implement a new fee structure to account for changes in global crypto trading volumes and asset prices, lowering the monthly trading volume required to qualify for the mid and upper tiers of our fee schedule. The new fee schedule...

Sep 2022

Celer Bridge incident analysis

Tl;dr: In this piece we share critical lessons about the nature of the Celer Bridge compromise, attacker on-chain and off-chain techniques and tactics during the incident, as well as security tips for similar projects and users. Building a better crypto ecosystem means building a better, more equitable future for us all. That’s why we are investing...

Sep 2022

Sanctions Should Target Bad Actors. Not Technology.

Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the US Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The lawsuit explains that OFAC exceeded its authority from Congress and the President in sanctioning open source technology, rather than sanctioning...

Sep 2022

Defending Privacy in Crypto

Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the U.S. Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The sanctions exceed Treasury’s authority, harm innocent people, remove privacy and security options for crypto users, and stifle innovation.By...

Sep 2022

Real-time reconciliation with Overseer

Tl;dr: A common challenge with distributed systems is how to ensure that state remains synchronized across systems. At Coinbase, this is an important problem for us as many transactions flow through our microservices every day and we need to ensure that these systems agree on a given transaction. In this blog post, we’ll deep-dive into Overseer, the...

Sep 2022

How Coinbase Protects Users From Risky Assets

By Dan Kim — Vice President, Business Development — Ecosystem and ListingsTl;dr: Coinbase reviews thousands of crypto tokens; around 90% never get considered for listing as they do not meet our strict requirements for protection against scams like “pump-and-dumps” and “rug pulls.”Our proprietary threat detection software has identified and blocked over...

Sep 2022