Coinbase CEO proposes surprising fix to $60B remittance fees [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
It means the total remittance fees last year stood at an estimated $57.55 billion. Related: U.S. government reveals unique way to reduce soaring $39T debt Banks remain the most expensive type of service provider, with an average fee of 14.99%. While post offices' fees stood at 5.58%, money transfer operators (MTOs) charged 4.72%. Mobile operators are among the cheapest service providers at 5.58%. Credit or debit cards are among the cheapest service providers, with 4.39% to originate remittances and 3.61% to receive remittances. But Brian Armstrong , the billionaire CEO of the largest crypto trading exchange in the U.S., thinks it could cost "zero" to send remittances. More News: Robinhood earnings miss Wall Street estimates Magnificent 7, crypto giants to report quarterly earnings this week Analyst predicts sharp XRP rally soon Armstrong touts stablecoins as remittance avenue Coinbase (Nasdaq: COIN) CEO Brian Armstrong wrote an X post on Apr. 27 in which he highl
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News
- What is DeFi? A complete guide to decentralized finance. [Yahoo! Finance]Yahoo! Finance
- Visa Adds Base, Polygon, Canton, Arc and Tempo to Stablecoin Settlement Program [Yahoo! Finance]Yahoo! Finance
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COIN
Earnings
- 2/12/26 - Beat
COIN
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/24/26 - Form ARS
- 4/24/26 - Form DEFA14A
- COIN's page on the SEC website