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Coinbase Launches UK Savings Account Offering 3.75% AER With FSCS Protection Up to £85,000
Coinbase has launched a savings account for UK users offering 3.75% AER variable interest with daily payments. The product, developed in partnership with ClearBank, provides FSCS protection for deposits up to £85,000 and enables instant transfers between GBP balances and crypto assets within the Coinbase app. The 3.75% rate falls below the UK's current average easy-access savings rate of 4.2% to 4.5% AER but exceeds many standard flexible accounts offered by major high-street banks.
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Gemini Space Station Reports 52% Revenue Growth in Q3 Amid $159.5M Net Loss
Gemini Space Station reported a 52% quarter-over-quarter revenue increase in Q3 2025, generating nearly $50 million in its first quarter as a publicly traded company. The Winklevoss-operated crypto exchange posted a net loss of $159.5 million, or $6.67 per share, exceeding analyst expectations of $3.24 per share. Following the earnings release, Gemini shares declined as much as 12% in after-hours trading, falling below $15 to reach an all-time low.
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Senate Agriculture Committee Publishes Draft Bill to Define CFTC Authority Over Crypto Markets
The U.S. Senate Agriculture Committee released a draft cryptocurrency market structure bill on Monday, seeking to clarify the Commodity Futures Trading Commission's oversight of spot crypto trading. The legislation, led by Chairman John Boozman and Senator Cory Booker, establishes foundational definitions and directs the CFTC and SEC to conduct joint rulemaking on regulatory matters including portfolio margining and intermediary oversight. The draft contains bracketed sections indicating ongoing negotiations, with Democratic members noting that certain provisions may require input from the Senate Banking Committee.
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