Coinbase to Implement BTC Forks Support

According to official statement, in few months exchange will add the feature of Bitcoin hard forks coins withdrawal
06 April 2018   1439

The largest American crypto exchange platform Coinbase announced that in the coming months it will provide its users with the opportunity to withdraw coins that appeared as a result of the forks of the bitcoin network.

This change will allow customers to more easily withdraw assets associated with Bitcoin Forks across all Coinbase products. We are not announcing support for any specific assets at this time. As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets to support and will always state on our website which particular assets are supported.
 

Coinbase Team

The report also says that the platform intends to work on supporting and future forks of bitcoin in the Coinbase Custody service "Custody will likely support more forked assets than GDAX or Coinbase for the foreseeable future"

It is noted that users of GDAX and Coinbase will be able to withdraw coins from the forks of bitcoin, but not to trade them. The trade-oriented service Coinbase Commerce announced in February that it will not support the assets that have emerged as a result of forks. In turn, the Coinbase Index Fund will not add any assets to the listing if they are not available for trading on the GDAX, the report said.

Also, recently Coinbase announced the "Coinbase Ventures" program, designed for start-up support.

We’ll be providing financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way. At least in the beginning, our goal is simply to help the most compelling companies in the space to flourish. 
 

Emilie Choi

Head of Corp & Biz Dev and Biz Ops at Coinbase

Earlier Coinbase announced that in the coming months it will implement the support of the technological standard ERC20. 

Coinbase to Close Chicago Office

Despite half of billion 2018 revenue, 30 employees of the biggest US crypto exchange are going to lose their jobs
24 April 2019   176

The leading cryptocurrency exchange and the wallet provider Coinbase decided to close its office in Chicago. About 30 employees will lose their jobs, said President and COO Asiff Hirji in an interview with the Wall Street Journal.

The Chicago unit focused on high-frequency trading (HFT) traders, and the potential increase in activity in this area could lead to an increase in Coinbase trading volumes and revenues. However, this direction, apparently, is no longer included in the priority list.

HFT companies play a large, albeit controversial role in the US stock and futures markets. According to some estimates, they account for about half of the daily trading volume on the stock exchanges, but more traditional investors are wary of them, suggesting that such firms take profits from them, going in and out of stocks, while slower players make deal.

Coinbase announced plans to attract HFT traders through technical updates, including speeding up the engine for matching trade requests last year.

Asiff Hirji also noted that as of the end of 2018, Coinbase had about 600 employees, and despite the elimination of 30 jobs in Chicago, the company intends to further expand this number.

Earlier this month, it was reported that in 2018, a Californian company, despite the market decline, earned about $ 520 million.