Coinbase International Exchange and Coinbase Advanced will launch perpetual contracts for Polygon (MATIC) and Bitcoin Cash (BCH). The MATIC-PERP and BCH-PERP markets will open on or after 6:00 PM on December 7, 2023.

Odaily Planet Daily News reported that Brian Armstrong, co-founder and CEO of Coinbase, announced on X platform that Coinbase Shop, which is based on Shopify, has officially launched. The online store mainly sells Coinbase peripheral products. Armstrong stated that there are still significant difficulties in using cryptocurrency payments, which is one of the main reasons why Coinbase is trying to launch the online store Coinbase Shop.

Coinbase CEO Brian Armstrong said in an interview that Coinbase plans to integrate Solana and hopes that the transaction settlement speed on its platform can be less than one second and the cost less than one cent. To achieve this, Brian Armstrong said, "Coinbase will integrate the Lightning Network and other Layer-1 networks that are very fast, such as Solana, on Bitcoin." Armstrong added, "We need 99% of transactions to occur on L2 to achieve our performance targets of less than one cent and one second." (Decrypt)

Coinbase CEO stated that Coinbase plans to integrate Solana.

Kaiko research analyst Riyad Carey stated that after Binance reached a $4 billion settlement with US authorities last week, its competitors Coinbase and Bybit became the main beneficiaries. Carey said that Coinbase's stock price had already performed well in November, and the Binance settlement agreement pushed COIN's performance up by more than 75% that month. Carey added that in terms of market share after the settlement agreement was announced, Bybit was the "direct outstanding winner" for Bitcoin, as it has the highest trading volume for non-stablecoins. Binance's market share temporarily dropped by 4% at times, while Bybit rose by 50% and Coinbase rose by 34%.

Coinbase CEO Brian Armstrong stated that Coinbase has no plans to launch tokens for its Layer 2 network, Base.

Coinbase released its fifth annual transparency report today. The report states that between October 1, 2022 and September 30, 2023, Coinbase received a total of 13,079 information disclosure requests from government agencies or law enforcement departments around the world. Coinbase stated that government and law enforcement agencies may request companies to disclose customer information for civil, administrative, criminal, and national security purposes in accordance with the legal requirements of each jurisdiction. However, Coinbase may question requests from government and law enforcement agencies, depending on the specific circumstances of each request, and in some cases, Coinbase may also ask government agencies or law enforcement departments to narrow the scope of information requests.

On December 1st, according to official sources, the encrypted payment financial company MoonPay announced that former Coinbase and a16z executive Mike Lempres has joined the board of directors of MoonPay USA LLC. Mike Lempres previously served on the boards of Bitstamp, Revolut US (as chairman), and Coinbase.

Coinbase, a cryptocurrency exchange, received three times more law enforcement requests in 2021 than it did in 2020, with almost half of the 13,079 requests coming from the United States. The majority of requests were related to criminal investigations, and Coinbase aims to provide anonymized or aggregated data where possible. While the total number of requests increased by 6% from the previous year, it pales in comparison to the 127,766 requests received by Verizon in the first half of 2021. Coinbase CEO Brian Armstrong recently expressed frustration with the U.S. Securities and Exchange Commission's response to the company's requests for guidance, and the company has also received a subpoena from the Commodities Futures Trading Commission.

Coinbase CEO Brian Armstrong praised Canada's streamlined regulatory approach to cryptocurrency during a fireside chat in Toronto. This approach demands compliance with strict investor protections and has led to significant exchanges like FTX and Binance exiting the Canadian market. Coinbase officially commenced operations in Canada in August, tapping into the substantial Canadian interest in cryptocurrencies. Armstrong envisions a future where crypto plays a pivotal role in payments, with a focus on reducing transaction delays and integrating crypto wallets with internet browsers.