Riot Platforms expanded a credit facility with Coinbase Credit, which is secured by a portion of Riot's Bitcoin holdings.

The entities involved

• Coinbase →

  American company that operates a cryptocurrency exchange platform

  • Citi is utilizing Coinbase for digital asset infrastructure.Mon 17:31
  • Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.Mon 04:46
• Bitcoin →

  digital cash system and associated currency

  • Tensions between the US and Iran are pressuring market narratives, while President Trump's remarks are reportedly derailing nuclear talks.Mon 17:50
  • Bitmine holds 4.7% of total Ethereum coin supply and 205 Bitcoin, with Founders Fund among its institutional investors.Mon 16:28

Related events

• KULR Technology Group pivots to a Bitcoin-focused company, securing a $20 million loan from Coinbase Credit, aiming to follow the MicroStrategy model.Jun 8
• Coinbase, Bitcoin, and the market reacted to a U.S. Treasury announcement, while Arvind Krishna warned of quantum threats to crypto.Sep 3
• Coinbase is lobbying for favorable Clarity Act legislation, Circle is building financial infrastructure on the Arc network, and MicroStrategy Inc. remains the largest Bitcoin treasury holder.Aug 26
• Coinbase announced that it provides custody for underlying securities and supports tokenized assets on the Ethereum chain.Aug 25