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This initiative will enable merchants to provide a payment option tailored specifically for Coinbase.

A physical card costs $33, while a virtual card costs just over $10. A 2% top-up fee applies when transferring tokens to the spending account associated with the card.

The Series A round was led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group.

IBIT fell 5.3% Monday, its biggest drop since early August.

Investing in cryptocurrency is still a relatively new frontier, and for many, navigating the complexities of the crypto world can feel intimidating. However, as the crypto market experiences a notable resurgence in 2024, it’s catching the attention of a broader audience—including those who were previously skeptical. This renewed interest signals a shift in how people perceive digital assets, with many now taking them more seriously as part of an investment portfolio.

In December 2013, a Wall Street analyst working at a sell-side shop outside of the more prestigious bulge bracket banks published what could be the first sell-side research report about an interesting somewhat new digital asset called Bitcoin (CRYPTO: BTC). Working for Wedbush at the time, Gil Luria in his report said many things about Bitcoin. Luria also called it a "safe haven currency" and said there are scenarios Bitcoin could trade at 10 to 100 times its current price.

Bitcoin looks primed to thrive over the next four years, but there's a lot to unpack before buying it.