Coinbase appoints ex-UK minister George Osborne to chair advisory council
Analysis
Price Impact
HighCoinbase's appointment of former uk finance minister george osborne signals a strong strategic push for regulatory influence and mainstream integration of crypto in the uk and potentially broader markets. his advocacy for robust digital asset regulations, combined with coinbase's aggressive expansion into tokenized stocks, prediction markets, and perpetual futures, legitimizes the crypto space and attracts traditional finance.
Trustworthiness
HighThe news is a direct announcement from coinbase and george osborne, reported by credible outlets like reuters and cointelegraph. the facts are clear and verifiable.
Price Direction
BullishThe move boosts coinbase's stature and potential to navigate regulatory landscapes favorably, which is a net positive for the entire crypto ecosystem. increased institutional engagement and expanded product offerings on a major exchange lead to broader adoption and potentially higher liquidity for major cryptocurrencies.
Time Effect
LongWhile there might be short-term positive sentiment, the impact of regulatory changes and the successful integration of new financial products (like tokenized stocks and perpetual futures) are strategic, long-term initiatives that will unfold over months to years.
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Article Content:
Vince Quill 1 minute ago Coinbase appoints ex-UK minister George Osborne to chair advisory council Osborne began advising Coinbase in 2024 and has been critical of the UK government's lack of robust digital asset regulations. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Coinbase, the largest US-based crypto exchange, has appointed George Osborne, a former United Kingdom finance minister, to run the company’s internal advisory council. The decision to appoint Osborne, who began working as a Coinbase advisor in 2024 during its battle with the US Securities and Exchange Commission (SEC), is part of Coinbase’s strategy of expanding its influence with foreign governments, according to Reuters . Osborne announced the new lead position on Thursday, framing it as a learning opportunity. He said : “Serving on Coinbase’s advisory council for over two years, I have seen the blockchain revolution and the potential to spread ownership to many left behind by the system. Chairing it is an amazing opportunity to learn more.” Source: George Osborne In August, Osborne penned an op-ed in the Financial Times criticizing the UK for falling behind other jurisdictions in crypto regulations and development. The lack of development in British pound-pegged stablecoins was a key concern for Osborne, who argued that the pound is at risk of becoming irrelevant as US stablecoins claim the majority of the market share, cementing the dollar’s role as the global reserve currency . The appointment of Osborne comes at a momentous time for Coinbase, as the company recently acquired other businesses, such as crypto derivatives exchange Deribit, and expanded its product offerings beyond crypto and into traditional asset classes. Related: Coinbase expands in Poland with Blik mobile payments integration Coinbase attempts to become a one-stop shop for financial services Coinbase announced on Wednesday the integration of tokenized stock trading and prediction markets in a bid to become an “everything app” for finance. Tokenizing stocks and exchange-traded funds (ETFs) enables 24/7 trading and allows these traditional financial assets to be used as collateral in crypto applications. Coinbase CEO Brian Armstrong announces the suite of new Coinbase features at a livestream event. Source: Coinbase The exchange has selected Kalshi as the service provider for its upcoming prediction market platform, enabling investors to trade event contracts. Coinbase also plans to offer perpetual crypto and stock futures sometime in 2026, with up to 50 times leverage available to users. Perpetual futures contracts do not expire, unlike traditional futures contracts that must be rolled over, and also feature 24/7 trading. Magazine: How the digital yuan could change the world… for better or worse # Blockchain # Coinbase # Business # UK Government # Cryptocurrency Exchange # United Kingdom # Regulation Add reaction