Loading...
Market
Coinbase stock price reaction to 12-hour withdrawal requirement by end of 2024?
2
Resolution / Starting Odds
Increases by more than 10% • 25%
Decreases by more than 10% • 25%
Remains within 10% of current price • 25%
Volatile but no clear trend • 25%
Stock price data from stock exchanges, financial news sources, and Coinbase official reports
Story
BlackRock Requires 12-Hour Withdrawals for Bitcoin ETF Amid Coinbase cbBTC Transparency Concerns: Cointelegraph
Sep 23, 2024, 01:41 PM
BlackRock has amended its Bitcoin ETF, $IBIT, custody agreement with Coinbase to require 12-hour withdrawals. The modification, detailed in an SEC filing, updates Section 2.1 of the Custodial Services Agreement. This move aims to enhance operational frameworks and improve liquidity amid recent allegations. According to Cointelegraph, Coinbase must now process a withdrawal of digital assets to a public blockchain within 12 hours. Concerns have been raised about Coinbase's transparency regarding proof of reserves, particularly with its cbBTC, which has been criticized for not meeting industry standards.
View original story
Similar markets
Stock price increases by more than 10% • 33%
Stock price decreases by more than 10% • 33%
Stock price changes by less than 10% • 34%
Increase by more than 10% • 25%
No significant change • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Stock price increases by 10% or more • 25%
Stock price decreases by 10% or more • 25%
Stock price remains within 10% range • 25%
Other • 25%
Yes • 50%
No • 50%
Increase by more than 20% • 33%
Decrease by more than 20% • 33%
Remain within ±20% • 33%
Yes • 50%
No • 50%
Regulation imposed • 25%
No action taken • 25%
Fines imposed • 25%
Investigation ongoing • 25%
