Streetbeat News

COIN

Coinbase Global, Inc.

https://www.coinbase.com

Industry

Software - Application

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

Open

257.67

Mkt cap

68B

Volume

17M

High

273.50

P/E Ratio

45.66

52-wk high

283.48

Low

257.15

Div yield

N/A

52-wk low

88.62

Coinbase Global has acknowledged that some users are experiencing delays in sending and receiving Polygon (MATIC) transactions. The company is aware of the issue and is likely working on a resolution.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:06 pm

The article highlights significant options activity for 10 financial stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for HOOD, WFC, SQ, COIN, AIG, AFRM, BX, and V, while AGNC shows bearish sentiment. KKR remains neutral.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:35 pm

Kraken is challenging the SEC's lawsuit by demanding a jury trial, arguing that digital assets are not covered under current securities laws. This case is part of a broader regulatory crackdown on the crypto industry, with similar lawsuits against Binance and Coinbase.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 3:49 pm

Coinbase shares rise following the launch of Coinbase Wrapped BTC (cbBTC), an ERC20 token backed 1:1 by Bitcoin, aimed at bridging Bitcoin to Ethereum and base networks.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:00 pm

The article highlights unusual options activity in the financial sector, focusing on trades involving companies like PGR, HOOD, COIN, CRBG, IVZ, BAC, MA, BK, BX, and GS. These activities indicate potential trading opportunities based on bullish or bearish sentiments.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 5:35 pm

Anchorage Digital Bank has been appointed as a custodian for the ARK 21Shares Bitcoin ETF, challenging Coinbase's dominance in the crypto ETF custody market. This move by 21Shares to diversify its custody partners could reshape the competitive landscape and influence other ETF issuers.

Portfolio Pulse from Murtuza Merchant

September 12, 2024 | 2:35 pm

Coinbase has launched Coinbase Wrapped BTC (cbBTC), an ERC20 token backed 1:1 by Bitcoin, to enhance Bitcoin's utility in the DeFi ecosystem. The token initially supports the Base and Ethereum networks, allowing users to access DeFi applications with Bitcoin holdings. This move could increase adoption and liquidity in DeFi, despite concerns about wrapped Bitcoin products.

Portfolio Pulse from Murtuza Merchant

September 12, 2024 | 11:16 am

Cathie Wood's Ark Invest made significant trades, buying $8.4M worth of Coinbase shares and selling $6.4M worth of Palantir shares. The Coinbase purchase follows a partial legal victory, while the Palantir sale comes despite its S&P 500 inclusion.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 3:42 am

Investors are showing a bullish stance on Coinbase Glb (NASDAQ:COIN) with significant options trades detected. The sentiment is mixed with 41% bullish and 36% bearish. The stock is currently trading at $157.1, down by 0.86%, and an analyst from Barclays has upgraded its rating to Equal-Weight with a price target of $169.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 7:46 pm

Crypto-linked companies' shares are declining due to a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:58 pm

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