Coinbase introduced a new product allowing traders outside the U.S. to speculate on private companies' valuations before they go public, starting with a perpetual futures contract on SpaceX. This pre-IPO perpetual futures contract, settled in USDC stablecoin, tracks SpaceX's private-market valuation and will convert to a regular perpetual future once SpaceX goes public, expected next week. The move responds to growing retail demand for access to private company value, traditionally limited to venture capital and accredited investors, and aims to diversify Coinbase's trading offerings amid crypto market volatility. Coinbase plans to expand this product line to other sectors like AI, energy, and space.
Bitcoin climbed back above $60,000 after dipping below that level for the first time since October 2024, despite losing about 27% of its value in 2026 and being 50% off its all-time high. Traders remain active in crypto markets, with significant opti...
The GraniteShares 2x Long COIN Daily ETF (CONL) lost 14% on June 5, 2026, reflecting a 7% drop in Coinbase stock and a broader crypto selloff triggered by macroeconomic factors like a strong payroll report and rising Treasury yields. Over the past mo...
Coinbase's Q1 2026 results showed a revenue miss and a significant loss on crypto assets, causing shares to fall 23% year-to-date. Despite this, the company is expanding with new revenue streams like prediction markets and stablecoins, and cost cuts ...
