Coinbase Ventures has invested in Multipli, a protocol focused on tokenizing real-world assets like gold and stocks to enable more efficient borrowing and yield generation. Multipli manages around $300 million in assets and aims to reduce borrowing costs by using blockchain technology for transparent, low-friction credit markets. This investment supports Coinbase's strategy to expand tokenized stocks and traditional financial assets onchain, potentially transforming how equities and other assets are traded and used. Multipli's infrastructure could make borrowing against real-world assets up to 10 times more efficient, attracting interest from banks and institutions.
Visa, Mastercard, Stripe, and Coinbase have jointly committed $1 billion to launch Open USD, a new stablecoin designed to share reserve income with partners rather than keeping it all. Open USD aims to compete with established stablecoins like Tether...
Coinbase shares have fallen nearly 40% from their peak as CEO Brian Armstrong transforms the company into an "everything exchange," reducing reliance on Bitcoin-related revenue from over 50% to 12%. Despite recent earnings misses and a cautious Wall ...
Coinbase (COIN) is expected to report strong third-quarter earnings driven by Bitcoin's price surge and increased trading activity. The company has diversified its revenue streams, with 88% now coming from non-Bitcoin crypto activities, reflecting br...
