Coinbase now supports PayPal for bitcoin sell orders and credit cards for purchases, aiming to expand funding options. Initially US-only beta, with future plans for global expansion and PayPal buy support.
Coinbase announced a new fee structure effective August 5, 2016, replacing the flat 1%+$0.15 model. US bank account purchases now cost 1.49%, credit/debit card purchases 3.99%. The change reflects rising Bitcoin network fees and global user base.
Coinbase and GDAX announced immediate Bitcoin Cash trading on Dec 20, 2017. BCH surged 70% to $3,700, then spiked to $8,000 and crashed to $3,000 after trading suspension, sparking insider trading allegations.
Bitcoin Cash rallied sharply after Coinbase and GDAX announced support, but a sudden trading halt and extreme price swings triggered user outrage and fresh questions about liquidity and market fairness.
Bitcoin Cash rallied sharply after Coinbase and GDAX announced support for BCH trading, but the rollout was quickly overshadowed by a trading suspension, extreme volatility, and allegations of insider advantage.
Coinbase issued IRS 1099-K forms on January 31, 2018, to US clients exceeding 200 transactions or $20,000 in receipts. The move follows a 2017 court order requiring Coinbase to disclose 14,355 accounts. Many users report inflated figures and lack of prior notice.
Coinbase published a blog post urging responsible investing amid extreme volatility, revealing a 640% increase in support staff and a 40x surge in transaction processing. CEO Brian Armstrong warned of service degradation, while Bitmex CEO Arthur Hayes cautioned that futures might amplify volatility.
Coinbase has launched margin trading on Coinbase Pro, offering up to 3x leverage for eligible users in 23 US states and 43 states/international regions for institutions. The feature aims to amplify trading positions and diversify portfolios, with plans to expand collateral assets and geographic coverage.
