A roster of big fintechs use its embedded services, which span crypto (Coinbase) to buy now, pay later (Affirm), and payments support (Stripe). Cross River pitches itself as a technology provider that shoulders compliance on its customers’ behalf. It offers BaaS for demand deposit accounts, savings accounts, and credit and debit cards.

Coinbase launched a pilot in February 2022, letting users send crypto remittances to consumers in Mexico with plans to expand the service to other markets. Thanks to its popularity as a crypto exchange, Coinbase may find success in capturing remittance senders and growing its payments volume. Legacy providers, digital challengers, and retailers are innovating with crypto remittances to keep pace:.

This amount, PitchBook noted, was buoyed by companies like Robinhood, Coinbase, and Nubank going public. The figure, PitchBook added, was greater than the cumulative exit amount for the prior 10 years, which is $132.4 billion. Meanwhile, the number of exits jumped by about 76% YoY, from 217 to 383. Funding falls by year-end: PitchBook pointed out that the VC investing boom cooled off late in Q4 2021:.

Coinbase scaled 184 places to No. 2 on the App Store in under a day. This tactic could help brokerages attract customers who previously didn’t have an interest in trading. Provide Access to Investment Research. Digital brokerages can increase revenues by rolling out research services to their paid subscription tiers—and the demand is there.

Coinbase and Voyager cards let customers pay with crypto at major merchants. And card alternatives like Affirm are pursuing the space too, making it easier for card-accepting merchants to take crypto payments without needing additional steps, like partnerships with crypto-specific providers. Acquirers and processors.

This means simplifying its Coinbase Wallet and adding features to it, and launching a non-fungible token (NFT) marketplace called Coinbase NFT. Coinbase’s diversification could lead it into neobanking for consumers—perhaps by teaming up with a banking-as-a-service (BaaS) to power the products—which could enhance its user engagement.

For example, Marqeta recently partnered with Bill.com and Coinbase to power card issuance for their customers, and it extended its Uber Freight tie-up that expedites driver payouts. Fiserv is moving into the space as well. Top US issuers might seek more partnerships with these providers to get a piece of the pie from the clients they are serving.

The metaverse is expected to be a major disruptor across industries, but it's still early days for the emerging realm. In this report, we look at how different markets are embarking on their own metaverse business models.

In 2021, cryptocurrency accounted for $6.10 billion worth of transactions worldwide, up 177.3% from $2.20 billion the year before. Come 2023, crypto transaction value will hit $16.16 billion as more businesses accept these digital currencies as payment.

Coinbase goes on an acquisition spree to stay ahead and we expect it will soon close the acquisition of a crypto fund provider.

While it may not turn Bolt into a competitor against exchanges like Coinbase, it might make Bolt a more compelling provider within the one-click checkout space—using the feature as an engagement tool could increase purchases. Bolt’s developers can use Wyre’s tech stack to develop crypto-focused services. Considering the deal’s rumored value, Bolt may have additional plans for Wyre.

Beyond the chart: In July, JPMorgan Chase became the first major US bank to extend crypto access to all retail customers, beyond just the very wealthy, in a bid to keep their eyes from wandering to fintechs like Robinhood and Coinbase. Since then, few traditional banks have followed it onto the crypto bandwagon, either due to risk aversion or lack of the necessary digital infrastructure.

And Coinbase dropped its plans for US crypto savings accounts in September 2021 after a critical SEC response, per CNBC. The big takeaway: While high yields may draw customers to crypto-based accounts, regulators need to ensure that the public doesn’t view them as having comparable risk to insured bank accounts.

Those newcomers included some of the first major ad campaigns for cryptocurrency exchanges and the metaverse, with ads from Meta, Salesforce, and Coinbase. Despite the surge in traffic, some of those newcomers failed to stick the landing. Coinbase’s ad, which featured a bouncing QR code, drove so much traffic that its platform crashed.

In June, the tech giant partnered with Coinbase, so customers of the exchange can use their Coinbase ZCard to pay for goods and services through Google Pay. Users could also earn crypto rebates of up to 4%. In October, a partnership with Bakkt let the exchange’s customers purchase goods and services using select cryptocurrencies through their Google Pay wallet.

Its trading volume now only trails first- and second-place Binance and Coinbase. FTX’s user base has also grown by 60% since October, while average trading volume ticked up 40%. Investors rewarded its impressive growth with several mega-rounds: It netted some $1.8 billion across three raises over the last six months. FTX has added $7 billion to its valuation since its October raise of $420 million.

Robinhood's deepening losses are emblematic of the broader industry: Other publicly listed digital brokers, like eToro and Coinbase, have also posted disappointing results amid a slowdown in investor enthusiasm. We predict trading apps will increasingly look for novel ways to benefit from cryptos to reverse falling trading volumes.

Recent buyouts of competitors—including PayPal buying Curv in March and Coinbase snapping up Israel-based Unbound Security in November—may mean opportunities arise for a big-money takeover of Fireblocks as payments giants look to grow their crypto custody infrastructure.

Crypto awareness is soaring: 60% of US adults are now aware of Bitcoin, per a 2021 survey by Curiosity at Work, and 66% in the UK are aware, per a Coinbase 2021 survey—and adoption will tick up this year.