Why Is Coinbase Trying To Be A Bank

Last Updated on December 22, 2023 by Paganoto

The SEC to Coinbase: Crypto Banking Is Still Banking

Coinbase is offering bank-like services but is not subject to bank regulation – indeed, there is at present no “bank regulation” for crypto …

Can crypto really replace your bank account? – Coinbase

Coinbase has begun rolling out the ability to receive direct deposits into your account — creating the possibility of more seamless crypto trades, spending via …

Is Coinbase Becoming A Crypto Bank?

A general bank license would allow Coinbase to exchange in merchant acquisition, asset management, and trading. However, the exchange has …

Coinbase adds direct deposit into crypto accounts – CNBC

Coinbase dives deeper into banking by letting users deposit paychecks into their accounts … Cryptocurrency exchange Coinbase is going deeper …

Coinbase Brought Crypto to Main Street. Now Brian Armstrong …

Large central banks may soon issue their own digital currencies, and everything from contracts to car titles to medical records could migrate to blockchain …

Crypto Banking Wars: Will Coinbase or Binance Become The …

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America …

Coinbase proves crypto still hasn't grown up – Axios

Coinbase has bank envy. It wants to offer a dollar-denominated savings account — but those plans have been predictably halted by the SEC.

Coinbase chief 'sorry' for ominous email demanding bank …

A spokesperson said (our emphasis): “To ensure that new and existing customers are verified and to ensure that Coinbase is complying with …

Is Coinbase Safe? – Business Insider

But in the US, Coinbase complies with the Bank Secrecy Act, the USA Patriot Act, and local state laws and regulations. “Aside from security …

Banks Tried to Kill Crypto and Failed. Now They're Embracing …

Now the banking industry is racing to catch up. Banks want to compete in this new world and profit from it. Their approach is two-pronged: …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.