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Coinbase Asset Management stated that the new fund addresses the growing demand from institutions seeking Bitcoin yields. Backed by several major investors including Aspen Digital, a digital asset manager regulated by the Financial Services Regulatory Authority in Abu Dhabi, the fund promises solid support.

Enabling Passive Income on Bitcoin

The fund’s yield will be generated through a “cash-and-carry” strategy that capitalizes on the price differences between spot Bitcoin and derivatives. Unlike Ethereum (ETH) and Solana (SOL) holders who can earn passive income via staking, Bitcoin holders have historically lacked such opportunities — a gap this fund aims to bridge.

“Bitcoin yield funds have emerged to address this limitation, but typically require institutional investors to take on significant investment and operational risk,” Coinbase said in the announcement.

Lower Risk, Wider Access for Institutions

The Coinbase Bitcoin Yield Fund aims to lower the investment and operational risks commonly associated with Bitcoin yield products, aligning more closely with institutional investors’ risk appetites. This move could open up new passive income opportunities through Bitcoin for a wider group of institutional clients.

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The fintech’s wealth division, which includes stock and digital asset trading, generated £506 million in revenue — almost four times more than in 2023. The renewed interest in Bitcoin (BTC) and Ethereum (ETH) played a key role in this growth.

Revolut Secures UK Banking License

Founder and CEO Nik Storonsky described 2024 as a landmark year, highlighting the acquisition of the long-awaited UK banking license in July. This license enables Revolut to test and roll out financial services like credit cards, buy-now-pay-later products, and potentially mortgages.

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In May, Revolut launched Revolut X, a desktop-focused crypto exchange offering over 100 tokens, low fees, and real-time on/off-ramps. The platform is expected to roll out on mobile in 2025. In November, Revolut X expanded across 30 markets in the European Economic Area, enhancing its digital asset offerings.

Challenges And Future Goals

Despite the surge in users, Revolut still struggles to convert app users into primary banking clients. In 2024, total deposits grew from $23.9 billion to $39.8 billion, a crucial factor for future lending services.

Revenue from premium plans increased by 74% to £423 million, while the business services division now contributes 15% of total revenue.

Revolut’s ambitious target: 100 million active users across 100 countries.

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The post Revolut Doubles Profit To $1.3B Fueled By Crypto Trading Surge appeared first on Coin Engineer.

Rising Demand Drives Strategic Shift

Wurster told RIABiz that a 400% spike in traffic to Schwab’s crypto website confirmed rising investor interest. He stated:

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“Given the evolving regulatory landscape, we’re on track to offer direct spot crypto trading within 12 months. We’re optimistic about the progress.”

This move aligns with the growing trend of TradFi players integrating with digital asset services.

Favorable Regulation After Trump’s Return

Following his appointment in 2025, Wurster expressed optimism that Donald Trump’s re-election would improve the regulatory climate for crypto.

In January 2025, Schwab partnered with Trump Media and Technology Group (TMTG) to provide digital asset services for the upcoming Truth.Fi platform — a proposed alternative to traditional finance.

Missed the Crypto Rally — Regrets It

Wurster admitted that he never invested in crypto and now regrets it:

“I feel silly not having participated in such a high-performing asset class.”

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The post Charles Schwab CEO Targets Spot Bitcoin Launch by April 2026 appeared first on Coin Engineer.

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This strategic move will enable both companies to establish a stronger presence in the digital finance world. Through the partnership, Sui’s scalable technology and World Liberty Financial’s global customer base will be combined to create new financial solutions. Following the announcement.

Sui‘s price rose by approximately 7%, reaching $3. However, Sui faced strong resistance at the $3 level. While it has been rejected for now, if it breaks through the $2.90-$2.77 resistance levels, the next target will be the upper resistance of the descending channel. Its nearest support is at $2.38. A break below this level could lead to a decline towards the support of the descending channel.

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