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Cryptocurrencies

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 Coinbase is a leading cryptocurrency exchange platform founded in 2012 by Brian Armstrong and Fred Ehrsam. As of 2024, it offers trading services for over 200 cryptocurrencies, including popular coins like Bitcoin, Ethereum, and Dogecoin. Coinbase provides both simple and advanced trading options through its main platform and Coinbase Advanced (formerly Coinbase Pro), catering to retail and institutional investors alike. The company's primary revenue streams come from transaction fees and subscriptions. Coinbase also offers additional services such as cryptocurrency staking, a self-custody digital wallet, an NFT marketplace, and educational content through its &quot;learn and earn&quot; program. In April 2021, Coinbase became a publicly traded company on the Nasdaq under the ticker COIN. The platform emphasizes security, storing 98% of customer assets offline in cold storage and carrying crime insurance to protect against potential breaches. Coinbase has developed institutional offerings like Coinbase Prime, which provides advanced trading tools and custody solutions for large-scale crypto transactions. In June 2023, Coinbase launched Base, its own Layer 2 blockchain network built on Ethereum, to facilitate faster and cheaper transactions.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Coinbase has established itself as a trusted partner for both individual and institutional clients. In January 2024, the company played a significant role in the launch of spot Bitcoin ETFs, serving as a custody partner for many of the newly approved funds. By April 2024, these ETFs had collectively brought in over USD 50 billion in assets. In July 2024, Coinbase secured a notable partnership with the US Department of Justice, with the US Marshals Service selecting Coinbase Prime to handle custody and trading services for forfeited digital assets. This USD 32.5 million contract demonstrates the company's growing acceptance by government institutions. Coinbase has also formed strategic alliances in the payments sector, partnering with Stripe in June 2024 to enhance fiat-to-crypto onboarding and enable USDC payments across 150 countries. Additionally, the company has collaborated with tech giants like Meta, integrating NFT support for Instagram through the Coinbase Wallet.
 
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A decentralized version of the web powered by the blockchain

Web3 Ecosystem

Coinbase is one of America's largest cryptocurrency exchange platforms by trading volume. In addition to its cryptocurrency exchange, the company offers Web3 technology solutions, such as layer-2 blockchains, developer tools, and wallets. The platform features a&nbsp;<a href="https://sp-edge.com/updates/30677">mobile wallet</a> with an integrated dApp browser, allowing users to access DeFi protocols, NFTs, and games seamlessly.Coinbase offers two distinct&nbsp;<a href="https://sp-edge.com/updates/16952">wallet solutions</a>. Its primary offering is a custodial wallet integrated with its exchange platform, while its Web3 wallet employs a split-key custody system, where Coinbase holds half of the private keys and the user's device stores the remainder. This Web3 wallet enables users to interact with decentralized applications (dApps), trade on decentralized exchanges (DEXs), and manage NFTs across Ethereum, Polygon, and Base networks.As a layer-2 scaling solution,&nbsp;<a href="https://sp-edge.com/updates/16635">Coinbase developed Base</a>, which operates as a blockchain network built on top of Ethereum using Optimistic Rollups technology. The platform inherits Ethereum's security while offering faster transaction speeds and lower fees by processing transactions off-chain before submitting them to the main Ethereum network.Coinbase also provides infrastructure for building and deploying decentralized applications. Its platform includes APIs and development tools that enable integration with various layer-2 networks, allowing developers to create and manage blockchain applications while leveraging Coinbase's existing infrastructure and user base.In 2023, the company reported a net profit of USD 95 million, reversing a USD 2.6 billion net loss from the year before.Key customers and partnershipsIn 2023, the company reported over 105 million registered users, with over 9.5 million users active more than once a month.In August 2023, Base partnered with Optimism to establish revenue and governance sharing through the Optimism Collective initiative. The partnership included shared upgrades and a fee contribution structure where Base was to contribute 2.5% of sequencer revenue or 15% of net profits while receiving 118 million OP tokens over six years. As of the same date, it also collaborated with Google Cloud to serve as a strategic cloud provider for building advanced exchange and data services. This partnership enabled select customers to pay for cloud services using cryptocurrencies through Coinbase Commerce.

OPEN is a fund management company backed by the New York Stock Exchange.  OPEN has built a best-in-class data, indexing, and sourcing platform to enable the launch of index-based investment strategies into some of the sought-after companies in private markets.  The first product launched off this platform is the OPEN Unicorn Index Fund. The fund tracks an index of the 50 largest US Unicorns (SpaceX, Stripe, etc.) and will be constructed with direct holdings as opposed to synthetically. Accessing and valuing private companies continues to be complicated and expensive - Open looks to solve this challenge by offering a diversified, low-fee basket of some of the most innovative private companies to the benefit of its investors.

Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own Bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. Coinbase provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.  Coinbase was launched in 2012 with a mission to create an open financial system for the world.

Cheddar is the post-cable news, media, and entertainment company.  Cheddar broadcasts live on SlingTV, Hulu Live, YouTube TV, Philo, Twitter, Facebook Watch, Pluto, Xumo and more. Watched live by more than 6.5M people each month, Cheddar also garners hundreds of millions of organic video views monthly across Facebook, YouTube, Twitter, Snapchat, Instagram, LinkedIn and other social & distributed video platforms. Cheddar currently broadcasts two live video news networks: Cheddar, a business news network covering the most innovative executives, founders, products, and technologies transforming our lives and economy; and Cheddar Big News, a fast-paced, young, non-partisan general news and headline news network. The company broadcasts from the trading floor of the New York Stock Exchange, its street-level studio in the glass corner of the Sprint Store in the Flatiron Building, WeWork in Los Angeles, and the White House. Cheddar was founded by Jon Steinberg, President and Chief Operating Officer of BuzzFeed from 2010 to 2014.

New York Stock Exchange offers icons and entrepreneurs the opportunity to raise capital and change the world. New York Stock Exchange composite index is a float-adjusted market capitalization-weighted index that includes all common stocks listed on the NYSE, including ADRs, REITs, tracking stocks, and listings of foreign companies.

<div> New York Stock Exchange offers icons and entrepreneurs the opportunity to raise capital and change the world. New York Stock Exchange composite index is a float-adjusted market capitalization-weighted index that includes all common stocks listed on the NYSE, including ADRs, REITs, tracking stocks, and listings of foreign companies. </div>

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NEW YORK STOCK EXCHANGE PRE-MARKET UPDATE DECEMBER 16, 2024

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Platforms that help financial market participants collect, manage, and use traditional and alternative data, derive market insights from news, and provide trade signals to make informed decisions.

Platforms that help institutions such as asset managers, investment banks, and hedge funds to develop platforms to trade and operate brokerage services for various financial assets and instruments such as stocks, fixed income securities, derivatives, commodities, and foreign currencies.

Companies that use blockchain technology to share and synchronize data and improve efficiency across the trading workflow and post-trade actions such as clearing and settlement.

Platforms that help companies meet anti-money laundering requirements and provide identity verification tools such as KYC checks.

These platforms provide services such as risk detection, regulatory compliance, risk management, risk intelligence, collateral management, internal processes management, and strengthening of internal controls.

Companies that use GenAI as a core part of their product offering for capital markets

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

Wealthfront, a robo advisory platform, has launched 45 new stock collections based on investment themes such as AI adoption, GenAI, and high dividend payers. Tradier, an online trading platform, has launched Tradier Hub, allowing users to access over 100 platforms and engage with other traders. Moomoo, an online trading platform, has partnered with the New York Stock Exchange and expanded into Canada. eToro, an Israeli trading platform, has been sued by ASIC over alleged breaches of obligations. Titan, a wealth management platform, has been charged by the SEC for misrepresentation and compliance breaches, resulting in fines and penalties.

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