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first_img Coinbase has renamed Base App to Coinbase Wallet

Coinbase announced that it has renamed the Base App to Coinbase Wallet, reversing the renaming decision made a year ago, shifting the focus of the self-custody application towards trading and broader multi-chain access. Ryan Kass, the product lead for Coinbase Wallet, stated that the wallet will serve as a "test kitchen" for products and assets not yet offered by the centralized exchange Coinbase, with the first case being perpetual contracts supported by Hyperliquid. The wallet also supports long-tail assets and plans to gradually integrate as new chains go live.The wallet also supports prediction markets and tokenized stocks. Coinbase stated that the Base App has evolved into a broader multi-chain trading platform, making the restoration of the Coinbase Wallet name a reasonable move. Coinbase promotes the wallet with the selling points of "no KYC, no waiting, borderless," allowing users to start trading within minutes after downloading the app, although some features are still subject to regional restrictions. The wallet will automatically detect and hide scam or malicious tokens, and new markets and asset classes must undergo strict product and compliance reviews before going live.In terms of background, Coinbase renamed Coinbase Wallet to Base App in July 2025, positioning it as a "universal app" that integrates social, mini-apps, messaging, payments, and trading. CEO Brian Armstrong admitted in March this year that the social experiment was "not very successful," after which Base founder Jesse Pollak handed over leadership of the app to Jordan "Cobie" Fish.

RootData: Apple, QQQ, and over ten popular assets have the most optimal trading costs on Bitget, with a weighted price difference of 0.0144%

According to the report "Explosive Growth of Stock Derivatives in 2026: The Landscape of Cryptocurrency Exchanges and Key Trends" released by RootData, the stock derivatives sector has transitioned from "marginal experimentation" to the "explosive growth" phase, with a cumulative trading volume of approximately $17.5 trillion from January to August.In terms of cumulative transaction volume, the concentration effect among the top exchanges remains significant. Among the four exchanges, Binance ranks first with $853.58 billion and a 61.3% market share; Bitget follows in second place with $270.85 billion and a 19.5% market share; OKX comes in third with $234.39 billion and a 16.8% market share; Bybit ranks fourth with $33.41 billion and a 2.4% market share.Regarding liquidity, in the ±2% weighted order book depth indicator, Binance and Bitget together account for over 70% of the stock derivatives order book liquidity. Among them, Binance has an average daily order book depth of approximately $10.1 million, followed closely by Bitget at $4.82 million, with OKX and Bybit at $3.87 million and $1.16 million, respectively.In terms of trading costs, in the recent comparison of weighted spreads for more than a dozen representative popular assets, Bitget ranks first with 0.0144%, followed closely by Binance at 0.0145%, with both essentially at the same level; OKX is at 0.0154%, and Bybit is at 0.0237%.

Strive's preferred stock scale approaches 1 billion USD, Gemini approved for full MPI license in Singapore

According to BBX data, global listed treasury, well-known exchanges, and cross-border clearing platforms disclosed the latest updates yesterday, with the core information as follows:Strive's preferred stock SATA approaches $1 billion, holding over 24,500 coins: The perpetual preferred stock SATA issued by Strive (NASDAQ: $ASST) has a market value nearing $1 billion. Currently, Strive's balance sheet holds a total of 24,531 Bitcoins (worth approximately $1.96 billion). Thanks to an annualized dividend yield of up to 13%, SATA demonstrates strong financing capabilities, helping the company continuously raise funds to allocate BTC. In contrast, the similar preferred stock STRC under another treasury giant Strategy has an annualized dividend yield of 12%, but its secondary market trading price has consistently underperformed its par value, failing to return to the $100 benchmark since May of this year.Gemini obtains a Major Payment Institution license from the Monetary Authority of Singapore (MAS): Cryptocurrency exchange Gemini officially announced that its Singapore entity, Gemini Digital Payments Singapore, Pte. Ltd. (GDPSPL), has successfully obtained a Major Payment Institution (MPI) license officially issued by the Monetary Authority of Singapore (MAS). After approval, Gemini will be allowed to compliantly provide digital payment tokens (DPT) and compliant cross-border remittance clearing services within Singapore, further solidifying its compliance center layout in the Asia-Pacific region.OSL Group partners with Waka to facilitate stablecoin settlements for trade corridors between Africa and the world: Hong Kong-listed stablecoin payment and trading platform OSL Group (00863.HK) announced a deep cooperation with the payment platform Waka, which connects emerging market liquidity and clearing networks. OSL will deeply integrate institutional-level infrastructure covering stablecoin to USD and USD-native payment capabilities into Waka's clearing system, focusing on empowering seamless cross-border clearing and corporate settlement needs for major trade corridors between Africa and the world.
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