Press Release Today TheBitTimes.com

Coinbase is introducing spot cryptocurrency trading on its international exchange, marking a significant step towards its global expansion strategy.  Starting Dec. 14th, institutional traders can engage in Bitcoin (BTC) and Ether (ETH) transactions, paired with the USDC stablecoin. Greg Tusar, who leads institutional product development at Coinbase, emphasized the strategic importance of offering both spot and derivatives trading concurrently in an interview with Bloomberg.  We are excited to announce the next phase of our Coinbase International Exchange expansion – the launch of non-US spot markets for eligible customers, designed to address the unique needs and demands of our global user base. pic.twitter.com/JWEChT5BDa — Coinbase ️ (@coinbase) December 13, 2023 You might also like: Will Bitcoin ETFs follow gold ETFs’ path to success? Coinbase’s expansion arrives when the SEC is actively pursuing legal action against the firm. The SEC alleges tha...

A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week.  Most likely fueled by a desire to recover losses from an initial liquidation, the whale decided to double down on the short position on ether. The whale finally decided to stop the loss and closed the short position on $ETH 6 hrs ago, with a loss of ~$1.88M. The whale short ed $ETH on June 15 and continued to increase his position as the price of $ETH rose.https://t.co/DHgYPXoNov pic.twitter.com/XFrShqfat2 — Lookonchain (@lookonchain) July 3, 2023 However, the price of ETH kept soaring higher, resulting in a $1.88 million loss for the trader. You might also like: Crypto whale goes long on ETH, hinting at possible price jump Ether price analysis  At press time, ETH is trading at around $1,963.44, representing a 2.4% increase over the past 24 hours and a 4.59% increase i...