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Coinbase Prime

Coinbase's institutional platform offering custody, trading and financing services for crypto assets.

Current stories

investOne report1 publisher

White House will count its 319,000 to 328,000 bitcoin before it considers buying more

White House adviser Patrick Witt says the government will secure and account for its 319,000 to 328,000 BTC before it buys any more. Any purchase would also have to be budget-neutral, with no new cost to taxpayers.

Reality

Evidence35
Adoption
Not scored
Hype gap+15
Incentives
Not scored
Confidence45
investConfirmed6 publishers

US government sends $1 billion of seized Bitfinex bitcoin to unlabeled wallets

Wallets tied to the US government moved 12,267 seized Bitfinex bitcoin, worth about $1 billion, to new unlabeled addresses. No exchange deposit was recorded, CoinDesk reported. Whether Washington is selling turns on the smaller sums it sent to Coinbase Prime.

Perspective Coverage

6 publishers
Builder
Builder 5%
Operator
Operator 27%
Investor
Investor 68%

Reality

Evidence60
Adoption
Not scored
Hype gap+10
Incentives
Not scored
Confidence55
investConfirmed5 publishers

Brent above $105 and 24-year-high bond yields push Bitcoin back to $81,000

Bitcoin fell to about $81,000 on Thursday as Brent crude rose above $105 on reports that the US may strike Iran again. Whether it holds the $82,500 support traders are watching now depends largely on Treasury yields and oil prices.

Perspective Coverage

5 publishers
Builder
Builder 7%
Operator
Operator 18%
Investor
Investor 75%

Reality

Evidence66
Adoption
Not scored
Hype gap+22
Incentives38
Confidence70
investOne report1 publisher

US government sends $770m of seized bitcoin to Coinbase Prime in its biggest outflow since 2024

The US government moved 9,261 bitcoin worth about $770 million to Coinbase Prime, its largest outflow since December 2024, Galaxy Research data showed. The venue is the US Marshals Service's custody desk, so a deposit there does not confirm a sale.

Reality

Evidence55
Adoption
Not scored
Hype gap+10
Incentives
Not scored
Confidence50
investConfirmed3 publishers

Washington's $770 million bitcoin transfer to Coinbase Prime raises questions over no-sale order

US government wallets sent 9,261 bitcoin worth $770 million to Coinbase Prime in two days, according to Galaxy Research. With half from the Bitfinex hack and a 2025 order barring sales, custody or restitution fits the record better than a sale.

Perspective Coverage

3 publishers
Builder
Builder 12%
Operator
Operator 38%
Investor
Investor 50%

Reality

Evidence58
Adoption
Not scored
Hype gap+12
Incentives
Not scored
Confidence60
investConfirmed2 publishers

Wells Fargo seeks crypto trading liquidity from Kraken parent Payward

Wells Fargo is in talks to source crypto trading liquidity from Payward, the $21 billion Kraken parent, two people told CoinDesk. A signed contract would let the bank offer crypto execution without building trading infrastructure and would put bank revenue behind Payward's price.

Perspective Coverage

3 publishers
Builder
Builder 20%
Operator
Operator 38%
Investor
Investor 42%

Reality

Evidence45
Adoption25
Hype gap+20
Incentives55
Confidence50
investConfirmed2 publishers

US government's $470 million Coinbase transfer tests the exceptions in the bitcoin reserve order

US government wallets moved about $470 million of seized Bitfinex- and Alameda-linked crypto to likely Coinbase Prime addresses, Arkham said. Trump's reserve order lets officials repay victims from seized coins, so even a sale of this pool would say little about the pledge to keep reserve bitcoin.

Reality

Evidence55
Adoption
Not scored
Hype gap+15
Incentives
Not scored
Confidence55
investConfirmed4 publishers

Coinbase routes US institutions into Deribit through the Prime accounts they already hold

Coinbase opened a CFTC-regulated route for US institutions into Deribit, the $2.9 billion exchange it bought, with Prime options trading due within weeks. Desks that kept offshore entities to reach that market can now use a domestic broker instead.

Perspective Coverage

4 publishers
Builder
Builder 14%
Operator
Operator 49%
Investor
Investor 37%

Reality

Evidence60
Adoption30
Hype gap+15
Incentives70
Confidence62
investConfirmed6 publishers

US government wallets send 833 bitcoin to Coinbase Prime in their first move since August

US government wallets sent 833.6 BTC, worth about $71.6 million, toward Coinbase Prime on Oct. 7, roughly 0.26% of the bitcoin they still hold. The risk that the stash comes to market depends far more on the executive orders limiting sales of reserve bitcoin than on transfers this small.

Perspective Coverage

6 publishers
Builder
Builder 7%
Operator
Operator 36%
Investor
Investor 57%

Reality

Evidence70
Adoption
Not scored
Hype gap+15
Incentives
Not scored
Confidence62
investOne report1 publisher

ZRO futures positions of $279 million dwarf LayerZero's $3.7 million in buybacks

LayerZero has spent about $3.7 million buying back 2.54 million ZRO, against roughly $279 million in open futures positions on the token. Its latest $347,000 buy was 0.2% of a day's spot trading, so traders and promised ATLAS fees are setting the price of a token up 41% in a week.

Publishers:crypto.news

Reality

Evidence55
Adoption
Not scored
Hype gap+35
Incentives60
Confidence50