The Block News

Canada’s CI Financial files for ETH exchange-traded fund with Galaxy as subadvisor

Canadian asset manager CI Financial, which oversees more than $230 billion worth of assets, has filed for an ether (ETH) exchange-traded fund (ETF). CI is seeking approval to list the ETH ETF on the Toronto Stock Exchange (TSX). If approved, the firm would manage the...

Coinbase S-1 data shows growing institutional footprint in its exchange volumes

Institutional investors have been pouring into the crypto market, and it appears that trend has changed the makeup of Coinbase's business.  Known for being the poster child of crypto retail trading in the US, Coinbase has seen the volumes contributed to its...

Crypto custodian and bank Anchorage raises $80 million in a Series C funding round

Cryptocurrency custodian and banking company Anchorage announced Thursday that it raised $80 million in a Series C funding round. The round was led by Singaporean sovereign wealth fund GIC, with participation from a16z, Blockchain Capital, Lux, and Indico. With fresh...

Here are the Wall Street firms playing a role in Coinbase’s historic direct listing

Coinbase is set to tap the public markets via a direct listing on Nasdaq, and it's relying on a cadre of Wall Street firms to help make it a success.  Per an S-1 filing dropped Thursday morning, Coinbase has enlisted the support of Goldman Sachs, JPMorgan, Allen & Co,...

Coinbase S-1 reveals details of CFTC investigation into 2017 ETH ‘flash crash’

Coinbase’s S-1 registration statement filing has revealed details of a number of regulatory investigations involving the exchange in recent years. The filing, a key step on the firm’s path towards a direct listing on the Nasdaq exchange, provided a significant inside...

Coinbase CEO Brian Armstrong total compensation nears $60 million in 2020

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year, according to the exchange operator's S-1 Form published Thursday. That figure includes $1 million in salary, $56.7 million worth of stock options granted at a fair value, and...

Coinbase’s SEC filing reveals new details about its acquisitions of Tagomi, Xapo and Neutrino

The S-1 filing of crypto exchange Coinbase was published on Thursday, revealing an unprecedented degree of detail about the U.S.-based firm's financials. Included in the S-1 are new details about Coinbase's notable acquisitions, including brokerage startup Tagomi, the...

Coinbase pre-IPO shares soar on FTX after S-1 drop

Traders on FTX appear bullish on Coinbase after the release of its long-awaited S-1.  The thinly traded pre-IPO contract was up during Thursday's morning session, trading above $420 a share — which would imply a valuation of more than $110 billion. The new S-1...

Coinbase’s S-1 filing is now public, setting stage for a direct listing on Nasdaq

Crypto exchange unicorn Coinbase's S-1 registration statement filing with the U.S. Securities and Exchange Commission -- a crucial step toward its bid for a direct stock listing on Nasdaq -- is now available to the public. The S-1 offers an unprecedented look at...

NFT marketplace Sorare raises $50 million in Series A led by Benchmark

Sorare, the platform for creating and trading football non-fungible tokens (NFTs), has raised $50 million in Series A. The round was led by venture firm Benchmark, an early backer of Uber, Instagram, and Twitter. Benchmark's general partner Peter Fenton has also...

Coinbase pre-IPO shares soar on FTX after S-1 drop

Traders on FTX appear bullish on Coinbase after the release of its long-awaited S-1.  The thinly traded pre-IPO contract was up during Thursday's morning session, trading above $420 a share — which would imply a valuation of more than $110 billion. The new S-1...

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