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The news: Coinbase will launch its first credit card on the American Express network this fall. Our take: This card could be a strong retention play to keep existing users from using an alternative crypto exchange but likely won鈥檛 move the needle on broader adoption.

The news: Shopify partnered with Coinbase and Stripe so customers can pay with the USDC stablecoin at checkout. Our take: Coinbase is the biggest winner in this partnership. Cryptocurrency needs to gain traction with a wide merchant network to accelerate its use, and Shopify represents a huge score for Base.

The payments giant also deepened its tie-up with Coinbase to make buying and using the asset more accessible

Shopify partnered with Coinbase and Stripe to expand stablecoin retail payments. Target integrated with Shopify last year so that merchants can apply to appear on the Target Plus online marketplace. Shopify also acquired Vantage Discovery, a generative AI (genAI) company, to deliver personalized search results for consumers on Shopify merchants鈥� storefronts.

Trading and investment fintech revenues grew 21%, driven by crypto exchange Coinbase. Insurance fintechs measured 40% growth, while only comprising less than 1% of global revenues. Size of the prize: Out of the approximately 37,000 fintech globally, scaled fintechs鈥攖hose earning more than $500 million in revenues鈥攁ccount for 60% of total global fintech revenues.

Coinbase told BankingDive that it has been 鈥渧ery busy meeting demand for banks, brokers and fintechs鈥� as federal regulators walk back implicit and explicit limits on banks鈥� crypto activity. SoFi expects to 鈥渆xpand beyond [crypto] investing鈥� once Congress passes a long-anticipated stablecoin bill, per CNBC. Bank of America said it may also launch a stablecoin after Congress passes legislation.

PayPal expanded its partnership with Coinbase in April to explore new stablecoin-based payments and banking solutions. This builds upon PayPal and Venmo鈥檚 P2P stablecoin-based checkout and P2P payment capabilities. World Network, OpenAI CEO Sam Altman鈥檚 crypto project, is reportedly in talks with Visa to launch a stablecoin payments wallet.

The SEC stepped up its crackdown on crypto after filing civil charges against Coinbase and Binance.

Custodial (third-party custody): Offered by exchanges (Coinbase, Gemini) and institutional custodians (BitGo, Anchorage), providing security, insurance, and compliance. Self-custody: Users hold their private keys, ensuring full control but carrying risks such as lost access leading to irreversible losses. BNY Mellon, Fidelity, and State Street have already entered the custodial space.

In the first week of the new year, US regulators came out swinging against Coinbase, Binance, FTX, and Celsius.

Late last year, the company hired Kate Rouch as its first CMO; Rouch previously worked as CMO at Coinbase, where she led its debut at the Super Bowl. OpenAI also unveiled a new logo earlier this week. Why now? OpenAI鈥檚 Super Bowl spot coincides with the company removing its login requirement for ChatGPT Search, a major step toward competing in the search landscape dominated by Google.

Under Trump, the SEC has already established a Crypto Task Force to develop a regulatory framework and has dropped lawsuits against major crypto players like Coinbase and Ripple. An executive order establishing a Strategic Bitcoin Reserve further signifies the government鈥檚 commitment to crypto. Stablecoin hype will boost crypto payments.

She then worked as CMO of cryptocurrency exchange Coinbase, elevating its brand to Super Bowl exposure. OpenAI and advertising: News of the hire comes days after OpenAI CFO Sarah Friar accidentally let slip that the company is exploring advertising as a potential revenue stream.

Coinbase spent the next year in court trying to set right a case for anti-money laundering protocols and by the next Super Bowl 2023, there were no crypto ads. Mr. Dellinger also pointing out that something similar happened back in 2000 when the Super Bowl was inundated with dot-com company ads only for the bottom to fall out of the industry later that year.

And before this, worked at Coinbase and while she was there, Coinbase had its big Super Bowl ad. So definitely, someone who has elevated a tech company to a prominent world stage in terms of brand marketing. Marcus Johnson (04:52):. Yeah. And Danny, really quick, I mean, it was interesting because you'd mentioned that we've not really seen this big consumer facing push from OpenAI.

Most 鈥渃rypto鈥� cards, for example, like the Coinbase Visa debit card or Mastercard鈥檚 crypto debit and prepaid cards, don鈥檛 actually conduct crypto payments: They liquidate a portion of the user鈥檚 holdings and then transact in dollars. Cash is stickier than checks. Cash has been permanently relegated to a second-tier retail payment method.

The company boasts a strong customer base, including big names like Coinbase and SpaceX. The acquisition is Stripe鈥檚 largest to date鈥攁nd the largest crypto acquisition by a major payments company. Bridge launched less than 3 years ago and was valued at just $100 million in a late 2023 funding round. Bridge CEO Zach Abrams said the company has grown more than tenfold just in the past year.

Coinbase. CoinDesk. CoinGecko. Cointelegraph. Congressional Research Service. Cryptochooser. Federal Reserve Board. Forbes. IBM. Markets Insider. Mastercard. Nasdaq. Packaged Facts. PayPal. PYMNTS.com. Reuters. Seeking Alpha. Strike. The News & Observer. The New York Times. United Nations. US Securities and Exchange Commission. Visa.

In August 2022, BlackRock partnered with Coinbase to give its institutional clients crypto-trading abilities. In May 2022, Goldman Sachs offered its first bitcoin-backed loan, and expanded the ability shortly after to all of its institutional clients. In June 2022, it began offering institutional clients an Ether-linked forward derivative.

Coinbase. CoinDesk. CoinGate. Cointelegraph. Decrypt. DefiLlama. Digital Insurance. Insider. Insurance Edge. LeewayHertz. Lemonade. Oliver Wyman. PwC. Quartz. Real Vision. Tech Times. The Motley Fool. The New York Times. Trulioo. VentureBeat. Yahoo Finance.

Its rivals, including Coinbase, Kraken, and OKX, see this as an opportunity to attract Binance customers. Key takeaways: Cryptocurrencies aren鈥檛 going anywhere, but the general public鈥檚 interest in participating will likely remain muted until these investigations and lawsuits are no longer top of mind.

This is all on top of a poorly defined regulatory environment with no clear rules, which has led other crypto exchanges, like Coinbase, to move some operations offshore. The bigger picture: Despite all this, PayPal is betting that crypto will come out on the other side. The company seems to believe that blockchain technology can benefit payments and broader financial services.

The wallet will let users store Ethereum and Ethereum-based tokens, which customers can purchase directly from Coinbase and MoonPay, and transact with them wherever cryptos are accepted. The wallet can also connect to decentralized apps, making it easier to access NFTs and other Web3 services.