Coinbase letting users tout crypto allocations

Media Services

Coinbase is a trading platform that allows users to buy, sell and store cryptocurrency. There are around 240 tradable assets on the exchange, which you can browse here. Coinbase is more for beginners, while Advanced Trade is for avid and experienced traders who make high volume transactions and want more trading options. (Coinbase announced it was sunsetting its premium service Coinbase Pro in June of 2022 and migrating its users to Advanced Trade.) Coinbase letting users crypto allocations Articles

Goes letting users tout crypto allocations

Cameron and Tyler Winklevoss, both prominent bitcoin touts who founded the crypto marketplace Gemini, have lost about 40% of their respective fortunes, or more than $2 billion each. Crypto collapse: Coinbase rattles sabres at the SEC, Voyager sale collapses, Terra-Luna, Binance The theory goes something like this: crypto assets, while volatile, are prone to making repetitive intraday moves that can be predicted with a reasonable degree of certainty, just like coastal tides. Using a grid system, a basic “buy low, sell high” strategy can be executed. The profits skimmed from each of these trades can be tiny in percentage terms, but collectively they can quickly add up.

Ditch Tether for ‘trusted and reputable’ alternative, Coinbase tells customers

Coinbase did not provide a dollar figure for the transaction, but a person familiar with the deal said it was the company’s biggest acquisition to date. Prior to Bison Trails, Coinbase’s largest purchase came last May when it bought a brokerage firm called Tagomi. That all-stock deal was reported to be worth around $80 million. Improved user experience with more payment options Dozens of companies are offering employees a chance to allocate money from their paychecks through NYDIG, including fintech Q2, crypto miner Iris Energy, NVB Bank and Vantage Bank. NYDIG has also partnered with sports organizations, including the Houston Rockets and, more recently, the New York Yankees.

Coinbase letting users tout crypto allocations

All of these are scams involving the latest buzz-worthy investment — cryptocurrency. While legitimate currencies such as Bitcoin can offer good, if often volatile, returns, scam artists are proficient at separating unwise investors from their money. The View | Charlie Munger’s wisdom on crypto ‘poison’ shows investment experience counts To be clear, Pierce isn't the first celebrity personality to promote crypto and eventually pay a fine for it. Kim Kardashian in October agreed to pay $1.26 million in a similar settlement with the SEC, linked to the same EMAX cryptocurrency. Like Pierce, she also agreed not to promote crypto for three years.