Samsung expands cooperation with the Coinbase cryptocurrency exchange, enabling users of Galaxy smartphone purchase of cryptocurrencies and the use of bonuses offered by this top stock exchange.
Samsung joins forces with Coinbase
The American Coinbase cryptocurrency exchange has announced an extension of cooperation with Samsung. It is about providing users with Galaxy smartphones in the United States direct access to cryptocurrencies via Coinbase One.
Coinbase One is a member program for cryptocurrency users, offering zero transaction fees, increased staking prizes, priority support, exclusive partner offers and account protection to recover lost funds due to unauthorized access to third parties.
In addition, cooperation involves the integration of Samsung Pay with the cryptocurrency trade platform, which will enable users of Samsung Galaxy smartphone interaction with cryptocurrencies and other services based on blockchain.
Shan Aggarwal, Business Director Coinbase, reported in the statement:
Together with Samsung, we combine their global scale with a trusted Coinbase platform to provide users with the best access to cryptocurrencies – starting from over 75 million Galaxy users in the United States, and soon (we will expand the service) around the world.
Is it about Coinbase revenues?
In the background we see a disappointing increase in Coinbase revenues. According to a report prepared for shareholders and published in August, the cryptocurrency exchange was recorded in 2nd quart. Increase in revenues, although by only 3%. This is the lowest result in recent years.
It is worth adding that this is not the result of the weakness of the market, because Kraken recorded as much as an 18 % increase in revenues, Robinhood almost 100 %.
Investors are now eagerly awaiting a report on revenues for recently completed the 3rd quarter. There are many indications that it will strongly affect the price of the company’s shares. Coinbase shares (marked on the court with the Coin symbol) recorded a sharp decrease in value after the publication of the report on revenues for the 2nd quarter. At the time of writing this text, the Coin share price was about USD 380, which means an increase of over 2% in the last 24 hours. According to the latest market data, the value of shares has increased by over 53%since the beginning of the year.
