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Coinbase files to go public in a key listing for the cryptocurrency category

TechCrunch

This morning Coinbase, an American cryptocurrency exchange, released an S-1 filing ahead of its direct listing. The cryptocurrency exchange generates the vast majority of its revenues from transaction revenues, as anticipated. million in Q4 2020 revenues. Coinbase is going public via direct listing.

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Indonesian crypto exchange Pintu gets $6M Series A led by Pantera, Intudo and Coinbase Ventures

TechCrunch

Along with the stock market , cryptocurrency is also seeing an uptick among retail investors in Indonesia. Pintu , a platform focused on first-time cryptocurrency buyers, announced today it has raised a $6 million Series A, led by Pantera Capital, Intudo Ventures and Coinbase Ventures.

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Indonesian crypto trading app Pintu scores $113M Series B

TechCrunch

The cryptocurrency-focused app has raised a $113 million Series B from Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital. The app is geared toward first-time cryptocurrency investors, primarily Gen Z and millennials with features like Pintu Academy, an educational program. Pintu is registered and licensed by Bappepti.

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Crypto API provider Conduit wants to be the Stripe of decentralized finance

TechCrunch

Investors in DeFi products can earn yield on their capital by lending out their cryptocurrency in exchange for interest. . Gertman declined to name specific Conduit customers, but said they fall into two categories – neobanks and small cryptocurrency exchanges, particularly in regions like Latin America.

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Former Binance executives launch $100M crypto fund

TechCrunch

A group of former executives from Binance , one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday. Zhang echoed that, noting that market downturns provide investors looking to deploy capital into the space with clarity on which bets to make.

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Lydia adds stock and crypto trading to its payment app

TechCrunch

French startup Lydia is entering a whole new category by adding trading to its financial super app later this year. Lydia users will be able to buy, hold and sell American and European shares, precious metals, cryptocurrencies and ETFs. The company is partnering with Bitpanda for this feature. Fees are the same on Lydia and Bitpanda.

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SoftBank loses nearly $6 billion in a quarter as downturn continues

TechCrunch

It has made 26 investments in the category to date, whose current fair value stands at $1 billion. The firm wrote off a $97 million investment it made in the collapsed cryptocurrency exchange FTX. SoftBank said it’s taking a “cautious approach” to investing in the blockchain and crypto sector.

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