BONK Price Explodes to a New ATH Following Coinbase Listing
BONK's market cap briefly surpassed an all-time high of $900 million.
Coinbase is one of the veteran cryptocurrency exchanges. It was founded in June 2012 and since then allows its users to transact between FIAT and digital currencies. The company is based in San Francisco, USA.
Coinbase was established by Fred Ehrsam and Brian Armstrong, who’s also the current CEO. It has grown substantially since its launch, and it is currently the leading regulated US-based cryptocurrency exchange.
Apart from providing a platform for individuals, Coinbase also offers a solution for institutional investors. It’s called Coinbase Prime. The Prime platform offers more robust and complex trading tools, geared toward larger investors.
Besides, the company launched in 2018 a custody service, which provides its clients with an institutional-grade offline storage solution. It is also regulated by the New York Department of Financial Services (NYDFS) and operates as an independently capitalized entity.
It’s safe to say that Coinbase is working towards the establishment of an entire ecosystem where traders can purchase, store, and sell cryptocurrencies in a secure and regulated manner.
BONK's market cap briefly surpassed an all-time high of $900 million.
Project Diamond's introductory phase is exclusively accessible to international institutional users, as confirmed by Coinbase.
Despite the recent COIN sales, the stock still makes up a substantial percentage of the firm’s holdings.
The Coinbase launch enables institutional international investors to engage in trading Bitcoin and Ether against the USDC stablecoin.
Coinbase seems to be one step away from officially listing Bonk Inu (BONK) on its platform.
Seamless Protocol, a prominent lending and borrowing platform on the layer-2 blockchain, boasts a TVL exceeding $10 million.
According to S3 Partners, short sellers have incurred losses exceeding $6 billion in their attempts to bet against crypto stocks
America’s largest crypto company Coinbase has upgraded its wallet app to enable sending stablecoins using social media and messaging platforms.Â
ARK Invest divested a combined total of 237,572 shares of COIN across three distinct exchange-traded funds: ARKK, ARKW, and ARKF.
The effects on Binance are already evident, but the exchange remains the leader in terms of market share.