The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. https://www.businesswire.com/news/home/20210413006087/en/, Press: press@coinbase.com Eli is a news reporter for CoinDesk. Coinbase Wallet is a self-custody mobile app, similar to other software wallets such as MetaMask, though with a wider array of support for crypto assets. The words believe, may, will, potential, anticipate, intend, expect, could, and would, and similar expressions are intended to identify forward-looking statements. According to the Coinbase Wallet announcement on Twitter, users are no longer able to send NFT on the iOS version of the app. Coinbase added that despite it removing the assets from its wallet product, users would be able to recover them via their recovery phases. All Rights Reserved. Coinbase Global, Inc. (Coinbase) (Nasdaq: COIN) today announced the pricing of $1.0 billion aggregate principal amount of its 3.375% Senior Notes due 2028 (the 2028 notes) and $1.0 billion aggregate principal amount of its 3.625% Senior Notes due 2031 (the 2031 notes and, together with the 2028 notes, the notes) in its previously announced private offering (the offering). XLPs market cap currently stands at $2.2 billion. , Coinbase Wallet (@CoinbaseWallet) December 1, 2022, For anyone who understands how NFTs and blockchains work, this is clearly not possible, Coinbase said. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. That could lead to exchanges at large preparing for increased regulatory oversight, particularly with the U.S. Senate hearing regarding FTX less than 48 hours away. Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency. The crypto asset has since corrected, trading at $3.61 at time of writing. In a notice published Tuesday, Coinbase announced that the wallet will stop listing major crypto assets such as Bitcoin Cash, Ethereum Classic, Ripple's XRP, Stellar Lumen and its associated. Top US digital asset exchange Coinbase has announced it will be adding two Solana ()-based crypto projects to their list of tradable altcoins.Announcing via Twitter, Coinbase says it will be adding support for Marinade and Marinade Staked SOL on the Solana network, with trading beginning on November 3rd once liquidity conditions are met. Neither the notes nor the related guarantee have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from such registration requirements. Bitcoin also dropped 12.5 per cent over the last 24 hours, taking it to $26,653, and smaller coins have suffered even greater drops. Washington D.C., July 21, 2022 . Providing additional information when sending cryptocurrency. The announcement came in response to the first question asked during. With the latest announcement starting next year, users will not be able to purchase, sell, receive, or send these crypto assets using the Coinbase wallet app. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. The cap price of the capped call transactions is initially approximately $478.00 per share, which represents a premium of 100% over the last reported sale price of Coinbases Class A common stock of $239.00 per share on May 18, 2021, and is subject to certain adjustments under the terms of the capped call transactions. Prior to the close of business on the business day immediately preceding December 1, 2025, the notes will be convertible at the option of the noteholders only upon the satisfaction of specified conditions and during certain periods. Consensus 2023: Join the Most Important Conversation in Crypto and Web3. Coinbase is the first crypto company to sign with the NBA. Coinbase said the "pilot" was "an effort to increase transparency by providing as much information symmetry as possible." In addition to the list of tokens, it provided an explanation on how Coinbase makes listing decisions. Learn. Those results showed the company earned a profit of $322 million in 2020 on revenues of more than $1.2 billiona major jump over 2019, when Coinbase lost $30 million on revenues of $522 million. Months later, the situation isn't any better. Apple didn't respond to a request for comment. Since first announcing the planned launch of Coinbase NFT in October 2021, more than 2.5 million people have reportedly joined the Coinbase NFT waitlist. Founder and chief executive of Coinbase Brian Armstrong took to Twitter to reassure customers that the company was not at risk of bankruptcy. Shares of cryptocurrency exchange Coinbase Global ( COIN 1.41%) were up 5% as of 2:40 p.m. This fully diluted capitalization share count includes the shares of Common Stock outstanding and all outstanding stock options and restricted stock units but does not include shares of Common Stock reserved for future issuance under Coinbases equity compensation plans or its Pledge 1% commitment. The first way to keep in the loop about new Coinbase cryptocurrencies would be to follow its . Coinbase's brand will appear during nationally-televised NBA broadcasts, starting with . MakerDAO's social media engagements have gone up by a whopping 44.22% and its social mentions have grown by 9.68%. Coinbase is the easiest place to buy and sell crypto. Latest news on Cryptocurrency Coinbase, including updates on trading, partnerships and NFTs. Market updates. Search query. NewsNow brings you the latest news from the world's most trusted crypto sources on Coinbase. In recent weeks, Latin America's top exchange Bitso fired 80 employees, Argentina's Beunbit nearly halved its staff and Middle Eastern exchange Rain reportedly laid off "dozens.". This year we have expanded to new verticals in Online Trading . Coinbase is building the cryptoeconomy a more fair, accessible, efficient, and transparent financial system enabled by crypto. What inspired us the most was seeing that the Google Cloud team recognizes the importance of expanding crypto services and building in Web3. Statements containing words such as could, believe, expect, intend, will, or similar expressions constitute forward-looking statements. In a series of tweets, Coinbase Wallet says that Apple wants the updated app to disable the feature that allows users to send NFTs. This capital raise represents an opportunity to bolster Coinbases already strong balance sheet with low cost capital that maintains operating freedom and minimizes dilution for Coinbases stockholders. Their stagnant performance and slow retraction of relevance has led to an unsurprising result with this announcement. This is a statement Coinbase needed to make because of a requirement made by the US Securities and Exchange Commission, which said these disclosures are necessary so customers are informed about their investments. Ethereum, the second biggest digital coin, lost more than 20 per cent in the last 24 hours, with its price dropping below the $2,000 mark that is held as a milestone. For information about other potential factors that could affect Coinbases business and financial results, please review the Risk Factors described in Coinbases Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, filed with the Securities and Exchange Commission (the SEC) and in Coinbases other filings with the SEC. Today, we announced the expansion of our services in Australia detailing how Coinbase is making it easier and safer than ever for Aussies to access the crypto economy. Statements containing words such as could, believe, expect, intend, will, or similar expressions constitute forward-looking statements. The exchange has added three new cryptocurrencies on Coinbase Pro, which has caused a surge in prices. VGX saw an approximately 52% price jump from $2.76 on Tuesday to a local high of $4.21 on Wednesday. A man who fell off of a cruise ship in the middle of the night said he survived by treading water for 20 hours, eating bamboo, and fighting off jellyfish in shark-infested waters, Newt Gingrich praises Biden, warns GOP against underestimating president, Viral TikTok of young woman dancing the night away is hurting our backs, Coinbase says Apple blocked its last app release on NFTs in wallet, MetaMask Co-Founder Wants to 'Dump' Apple, Calls iOS Purchase Tax 'Abuse', Coinbase Disables Mobile NFT Transfers, Citing Apples App Store Policies, Apple Forces Coinbase to Disable NFT Transfers on Its Wallet App, After Twitter Fight, Apple Blocks Coinbase Wallet Release on App Store. The final listing of these assets on the platform is subject to significant technical and compliance reviews. The . These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Coinbase will consummate the offering, prevailing market conditions, the anticipated use of the net proceeds of the offering, which could change as a result of market conditions or for other reasons, the impact of general economic, industry or political conditions in the United States or internationally, including the impacts of the COVID-19 pandemic, and whether the capped call transactions will become effective. Exchange: Status Check. What financial advisors need to know about crypto. Bitcoinist is an advocate of creative and financial freedom alike. Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. A number of ethereum based tokens are seeing a huge jump today following a surprise announcement from Coinbase. This activity could increase (or reduce the size of any decrease in) the market price of Coinbases Class A common stock or the notes at that time. channel telegram audience statistics of Coinbase News & Announcements telegram channel. Read more: Apple Refuses to Exempt NFTs From App Stores 30% Fee. Coinbase's announcement comes at a time when both the IPO market and cryptocurrency prices are red-hot. In connection with the pricing of the notes, Coinbase entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and/or other financial institutions (the option counterparties). FOLLOW MORE IBT NEWS ON THE BELOW CHANNELS, IBT Fast Start - Let the best of International News come to you. Just as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way we want to do the same for the NFTs.". Remote-First-Company/CHICAGO--(BUSINESS WIRE)-- By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, DeFi Protocol Ankr to Reimburse Exploited Users; Meta Dips Back Into Policy Circles, Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition. In the announcement, Coinbase said: "Today, we're announcing Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever. pic.twitter.com/fOZmOlBTwO, What does Coinbase's announcement mean to holders of these crypto assets? Mr Armstrong also tweeted that Coinbase has its own crypto wallet for users to keep their cryptocurrency than leave it on the exchange. Remote-First-Company/PORTLAND--(BUSINESS WIRE)-- But my opinion is that there's some other motivation, most likely just to be seen to make some sort of stance amid all the rumours, even if the stance was extermely non-commital. Alternatively, if you'd like to report an impersonation or scam account, you can do so by sending a message directly to security@coinbase.com. The announcement of the Coinbase Pro listing nearly sent Voyager to the moon. Let's dive into the state of crypto exchanges currently, and more on Coinbase's latest announcement. Investors: investor@coinbase.com, Coinbase Announces the Upsize and Pricing of $2.0 Billion of Senior Notes for General Corporate Purposes Including Product Development and Potential M&A, Remote-First-Company/HOUSTON--(BUSINESS WIRE)--. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. BCH, the 29th biggest digital asset, is a Bitcoin spin-off that came about after a hard fork (when a networks contributors want to take a blockchain a separate way from others working on it.). "Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors, the warning states. The most trusted platform for trading cryptocurrency. Coinbase. View source version on businesswire.com: This license will allow us to offer regulated Digital Payment Token products and services in the island state. In October, Apple officially refused to exempt NFT trading from its 30% App Store fee, a policy that has kept marketplaces like OpenSea from offering NFT trading within its mobile app. Coinbase intends to use the net proceeds from the offering for general corporate purposes, which may include continued investments in its product development, as well as potential investments in or acquisitions of other companies, products, or technologies that Coinbase may identify in the future. The Terra (LUNA) cryptocurrency suffered the worst crashed, and has lost almost all of its value. Press: press@coinbase.com See more assets Top Gainers Tradable New on Coinbase Trade Buy, sell, and store hundreds of cryptocurrencies This capital raise bolsters Coinbases already strong balance sheet with low-cost capital. Per a Coinbase announcement today, the acquisition is part of its work to strengthen services for institutional clients. The notes will mature on June 1, 2026, unless earlier repurchased, redeemed or converted. Coinbase may also use a portion of the net proceeds to make investments in and acquisitions of other companies, products or technologies that Coinbase may identify in the future. This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It will sunset the platform later this year, but did not decide on any date. Apples Monopoly App Store Tax Coming to Crypto? The offering is expected to close on September 17, 2021, subject to satisfaction of customary closing conditions. Investors: investor@coinbase.com, Coinbase Announces Proposed Private Offering of $1.5 Billion of Senior Notes for General Corporate Purposes Including Product Development and Potential M&A, Remote-First-Company/CHICAGO--(BUSINESS WIRE)--. For information about other potential factors that could affect Coinbases business and financial results, please review the Risk Factors described in Coinbases Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 filed with the Securities and Exchange Commission (the SEC) and in Coinbases other filings with the SEC. CoinDesk journalists are not allowed to purchase stock outright in DCG. remote-first-company/chicago-- (business wire)-- coinbase global, inc. ("coinbase") (nasdaq: coin) today announced the pricing of $1.25 billion aggregate principal amount of convertible senior notes due 2026 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to rule Coinbase announced on Thursday its decision to shut down the Coinbase Pro trading platform that is designed for professional cryptocurrency traders. How Ethereum's evolution impacts crypto markets. 1/ There is some noise about a disclosure we made in our 10Q today about how we hold crypto assets. It also advised users to always "double-check that Coinbase Wallet supports the network you are receiving assets from, otherwise you won't be able to access these assets.". The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. These routine evaluations allow us to continue investing in new features that make web3 more accessible. The capped call transactions are generally expected to reduce potential dilution to Coinbases Class A common stock upon any conversion of the notes and/or offset any potential cash payments Coinbase is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. The self-custody wallet of crypto exchange Coinbase says that tech giant Apple has blocked its latest app release, effectively leaving iOS device users unable to send non-fungible tokens (NFTs). Sign up and stay up to date with our daily newsletter. ", Coinbase also warned users that "sending or receiving unsupported assets through Coinbase Wallet will cause you to lose them." Cautionary Statement Regarding Forward-Looking Statements. ET on Tuesday, although the stock had been up as much as 8% earlier in the session. https://www.businesswire.com/news/home/20210518006245/en/, Press: press@coinbase.com You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. Remote-First-Company/CHICAGO--(BUSINESS WIRE)-- Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Another way of looking at it though, is that the announcement would shake out the weak hands, who would then flock to Coinbase once it launches XRP to buy it back. A mockup of a Coinbase NFT profile page (Coinbase). Coinbase is building the cryptoeconomy a more fair, accessible, efficient, and transparent financial system enabled by crypto. The notes and the related guarantee will be Coinbase and the guarantors general unsecured senior obligations. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Tl;dr: Your funds are safe at Coinbase, just as theyve always been. "As part of an effort to increase transparency by providing as much information symmetry as possible, Coinbase will communicate assets under consideration for listing," the exchange said. Be a smarter, safer investor in eight weeks. What happened today in crypto markets and why. Apples proprietary In-App Purchase system does not support crypto, so we couldnt comply even if we tried.. Coinbase today delisted a number of big cryptocurrenciesincluding Ripples XRP, the seventh largest digital asset by market capfrom its wallet app. Coinbase also announced that, as of April 12, 2021, Coinbase had a fully diluted capitalization of 261.3 million shares of Common Stock. While Binance CEO Changpeng 'CZ' Zhao has seized the spotlight as crypto's . We havent seen a delisting from Coinbase in recent memory. Due to low usage, the above-mentioned blockchain networks and their coins will not be supported from Jan . And Coinbase will announce new assets differently. XRP is the token behind the XRP Ledger, originally called Ripple, the same name as the crypto payments company founded by XRPs creators. In a Tuesday announcement, Americas biggest exchange, that from January 23 it would no longer support, Coinbase said the move was due to low usage of the assets on the platform. Conversions of the notes will be settled in cash, shares of Coinbases Class A common stock, or a combination thereof, at Coinbases election. The creators of the Solana blockchain announced a mobile phone in June in light of Coinbase's announcement, some are calling Solana's move prescient. As more threads unravel around the FTX saga, consumer trust is impacted in immeasurable ways; one consistent thread is that all exchanges, the aforementioned 3 and beyond, have faced pressures to increase transparency around reserves. Probing the intersection of crypto and government. The biggest crypto news and ideas of the day. Subject to a limited exception, holders of the notes will have the right to require Coinbase to repurchase for cash all or a portion of their notes upon the occurrence of a fundamental change (as defined in the indenture governing the notes) at a purchase price of 100% of their principal amount plus any accrued and unpaid interest. The hiring freeze is a continuation of a plan announced last month. This announcement is neither an offer to sell nor a solicitation of an offer to buy the notes or the related guarantee and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. We have no risk of bankruptcy, however we included a new risk factor based on an SEC requirement called SAB 121, which is a newly required disclosure for public companies that hold crypto assets for third parties. Remote-First-Company/HOUSTON--(BUSINESS WIRE)-- Still, others are pushing for crypto to take its fate into its own hands. The notes will accrue interest of 0.50% per year payable semi-annually in arrears. XLP, like XRP, is a token that is used on the Stellar blockchain and payment network, and is itself a spinoff of sorts. This press release contains forward-looking statements including, among other things, statements relating to the completion, timing, and size of the proposed offering, and the expected use of proceeds from the offering. He holds ETH, SOL and AVAX. Many have sought to maintain posture and look to keep business as usual to weather the storm. By Andrew Cohen October 19, 2021. Users will still be able to access the coins and tokens via its exchange, though. In a blog post written by Chief People Officer L.J. Today, we offer a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Coinbase intends to use the net proceeds from the offering for general corporate purposes, which may include continued investments in product development, as well as potential investments in or acquisitions of other companies, products, or technologies that Coinbase may identify in the future. The 2028 notes will mature on October 1, 2028, and the 2031 notes will mature on October 1, 2031, in each case unless earlier repurchased or redeemed. Coinbase, the publicly traded company that operates as a cryptocurrency exchange platform, delisted several top crypto assets from its wallets and announced that it will no longer provide support for these cryptocurrencies starting January 2023. The notes and the related guarantee were only offered and sold by means of a private offering memorandum to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the Securities Act), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. This change will only impact customers in the Netherlands who are transferring digital assets from their Coinbase exchange account to a wallet off the . Trading of shares of Class A common stock is expected to commence on April 14, 2021. While Binance CEO Changpeng CZ Zhao has seized the spotlight as cryptos main character lately, Crypto.coms leadership team spearheaded by CEO Kris Marszalek has largely been on the defensive, while Coinbase has been treading their steady positioning. The delisted tokens rose to prominence during the 2017 crypto bull run with Ripple's native token XRP still maintaining its stand as the seventh-largest crypto asset with a market capitalization of $19.6 billion and a 24-hour trading volume of nearly $1 billion across all exchanges, as per CoinGecko. It is the 25th biggest digital asset by market cap. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Coinbase will offer the notes or consummate the proposed offering, the final terms of the proposed offering, market conditions affecting the proposed offering, changes in plans or timing relating to the proposed offering, the anticipated use of the net proceeds of the proposed offering, which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally, including the impacts of the COVID-19 pandemic. There is plenty to be said for the state of crypto exchanges today, but Coinbases announcement of the delisting of several tokens: BCH, ETC, XLM, and XRP. Coinbase Wallet is a self-custody mobile app, similar to other software, Users will still be able to access the coins and, BCH, the 29th biggest digital asset, is a, Its selling point, its community says, is that it can be used for quicker and faster payments than the originaland biggest cryptocurrency, 'Rogue wave' strikes Antarctic cruise ship, leaves 1 dead and 4 injured. Similar sentiment is often shared with fellow delisted token Stellar (XLM), and both tokens typically sit in the top 25-50 in terms of biggest tokens by market cap making them surprising cuts considering some of the more fringe, lesser-known tokens that Coinbase has listed previously. The notes will be senior, unsecured obligations of Coinbase. The move may surprise those that pay attentive to tokens not named Bitcoin and Ethereum. The Coinbase announcement comes in the wake of surging values of bitcoin as mainstream companies such as BNY Mellon and Mastercard unveil programs to enable digital currency use. Apple has allegedly prevented the most recent update to the app unless . Coinbase may not redeem the notes prior to June 5, 2024. These statements include, but are not limited to, statements regarding the date on which Coinbases Class A common stock will be available for trading on the Nasdaq Global Select Market. In a Tuesday announcement, Americas biggest exchange said that from January 23 it would no longer support Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP), or Stellar (XLM) on Coinbase Wallet. Coinbase Announcement no purch necesscary US (excl HI), UK, Canada . Today we're delighted to announce that Coinbase has formed a strategic web3 partnership with Google Cloud. Coinbase has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission (SEC) that registers for resale shares of Class A common stock and that was declared effective on April 1, 2021. Forward-looking statements are based on managements expectations, assumptions, and projections based on information available at the time the statements were made. The transformation of value in the digital age. The announcement comes as the crypto market is crashing. This activity could also cause or avoid an increase or a decrease in the market price of the Class A common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs following a conversion or during any observation period related to a conversion of the notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the notes. Ethereum, the second biggest digital coin, lost more than 20 per cent in the last 24 hours, with its price dropping below the $2,000 mark. News and analysis for the professional investor. This press release contains forward-looking statements including, among other things, statements relating to the completion of the offering, the potential effects of entering into capped call transactions, and the expected use of proceeds from the offering. This capital raise represents an opportunity to bolster our already-strong balance sheet with low-cost capital. Coinbase announcement Coinbase announcement By dragonbait, March 27, 2018 in XRP Trading and Price Speculation Followers 0 1 2 Next Page 1 of 2 dragonbait Gold Member 3.3k Posted March 27, 2018 Not what we were looking for Coinbase plans to support the Ethereum ERC20 technical standard for tokens in the coming months. Remote-First-Company/CHICAGO-- (BUSINESS WIRE)-- Coinbase Global, Inc. ("Coinbase") (Nasdaq: COIN) today announced its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of its Senior Notes due 2028 and 2031 (the "notes") in a private offering (the "offering"). One of the reasons for Coinbase's interest could be MakerDAO's steady growth. Crypto exchange Coinbase (COIN) has disabled non-fungible token (NFT) transfers on its iOS wallet app because of a dispute with Apple (AAPL) over the companys in-app purchase policy. Analyst Coverage Coinbases Apple feud comes as new Twitter owner Elon Musk questions the same 30% in-app fee policy and as Musk claims that Apple has threatened to remove Twitter from its app store. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. XRP is generally seen as a low-cost token that is easy for cross-exchange swaps with its low fees. This announcement is neither an offer to sell nor a solicitation of an offer to buy the notes or the related guarantee and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. The interest rate, redemption provisions, and other terms of each series of notes will be determined by negotiations between Coinbase and the initial purchasers. Nonetheless, the spotlight is on. In a tweet announcement earlier on Tuesday, Coinbase announced the token delisting: 1/3: After careful evaluation, we will be removing support for several networks with low activity on Coinbase Wallet starting in January 2023including BCH, ETC, XLM & XRP. Coinbase intends to use the net proceeds from the offering for general corporate purposes, which may include working capital and capital expenditures, and to use approximately $78.4 million of the net proceeds to pay the cost of the capped call transactions. 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