Cryptory.net - Coinbase has received a subpoena from the CFTC requesting information about user transactions associated with Bybit, a cryptocurrency exchange based in Dubai.
Cryptory.net - Coinbase's international subsidiary recently received regulatory approval, allowing them to offer crypto derivatives services to institutional clients in eligible US states. This approval comes just a month after obtaining the necessary authorization from the NFA.
In a span of only one week, Base has managed to draw in hundreds of thousands of new users, garner attention from established brands and artists, and, unfortunately, attract scammers as well.
CoinDesk reports that Coinbase plans to gradually shut down its Coinbase Borrow lending service in the coming months, reallocating resources to prioritize customer-favored products.
Cryptory.net - Coinbase is the latest in the list of crypto exchanges looking to expand overseas as the regulatory environment in the US is considered unfavorable by the industry.