Summary
Coinbase Commerce has removed native Bitcoin support due to operational challenges, implementing a new on-chain payments protocol. The exchange’s stock price rose after positive remarks from JPMorgan. Customers are warned about a scam involving fake emails claiming to be from Coinbase.
Key Points
1. Coinbase has decided to remove native Bitcoin and other UTXO support due to operational challenges faced by customers.
2. The exchange has developed an on-chain payments protocol utilizing smart contracts to enable seamless off-chain commerce.
3. Coinbase’s stock price surged by 10% after JPMorgan upgraded the exchange’s stock to neutral, citing potential growth opportunities linked to Bitcoin price momentum.