Coinbase Emerges as Global Leader in Crypto Derivatives After Major Acquisition

VTB, Russia’s second-largest bank by assets, will let clients buy and sell cryptocurrencies directly via brokerage accounts starting next year, expanding beyond its current derivatives exposure.

Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

Coinbase said on X that it expanded global operations in November with new lending solutions, improved on‑chain capabilities, and broader international access, highlighting gains across retail, institutional and developer segments. The updates include access to what Coinbase calls prime‑grade assets for institutional customers.

Binance named co-founder Yi He as its co-chief executive on Wednesday. The move is positioned as part of the exchange's leadership continuity amid ongoing global regulatory and growth challenges.

A UK bill establishing that existing property laws apply to cryptocurrencies received royal assent on Dec. 2, 2025, giving digital assets clearer legal status. Supporters say the move should strengthen ownership, recovery and insolvency remedies for crypto holders and businesses.