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

282.51

Mkt cap

77B

Volume

18M

High

306.45

P/E Ratio

52.02

52-wk high

334.86

Low

276.02

Div yield

N/A

52-wk low

94.90

Ark Invest, led by Cathie Wood, sold shares of Robinhood Markets Inc (HOOD) and Coinbase Global Inc (COIN) while increasing its stake in Pinterest Inc (PINS). The firm also bought shares of MercadoLibre Inc (MELI) and AvidXchange Holdings Inc (AVDX), and sold shares of Iovance Biotherapeutics Inc (IOVA). The trades were made through Ark Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW).

Portfolio Pulse from Benzinga Neuro

August 01, 2023 | 2:11 am

A spokesperson for Coinbase Global Inc (NASDAQ:COIN) has refuted claims that the SEC had advised the company to delist certain assets prior to a lawsuit. The spokesperson stated that the SEC had not requested Coinbase to delist any specific assets. The SEC has confirmed that it does not ask companies to delist crypto assets. Coinbase and the SEC are currently involved in several legal disputes.

Portfolio Pulse from Jose Rodrigo Safdiye

July 31, 2023 | 10:13 pm

Coinbase shares have moved lower following a ruling on Ripple. The judge rejected a ruling regarding the secondary sale of tokens. This news is circulating among traders.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:08 pm

Coinbase (NASDAQ:COIN) has faced a series of regulatory challenges from the SEC, including accusations of operating as an unregistered broker. Despite this, the company has seen victories in the Supreme Court and launched a 4% rewards program for USDC. Rumors of Bank of America accounts linked to Coinbase being shut down have also circulated. The SEC has reportedly demanded Coinbase to delist all but Bitcoin, which would significantly impact operations. Despite a 192% stock rally year to date, analysts warn of lingering regulatory risks.

Portfolio Pulse from Jose Rodrigo Safdiye

July 31, 2023 | 8:55 pm

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Heart and his cryptocurrency projects, including Hex, PulseChain and PulseX, for allegedly defrauding investors. Heart is accused of raising over $1 billion through the sale of unregistered securities and using at least $12 million of the funds for personal luxury purchases. This lawsuit is the latest in a series of SEC legal actions against major firms and figures in the crypto industry.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 6:57 pm

Coinbase Global (NASDAQ:COIN) is facing technical issues, with users experiencing intermittent failures when logging in, initiating trades, and accessing the Earn page. The cause of these issues is unclear. This comes amid regulatory challenges from the U.S. Securities and Exchange Commission (SEC), which wants Coinbase to delist all cryptocurrencies except Bitcoin.

Portfolio Pulse from Jose Rodrigo Safdiye

July 31, 2023 | 6:37 pm

The U.S. Securities and Exchange Commission (SEC) has directed Coinbase (NASDAQ:COIN) to halt trading on all cryptocurrencies except Bitcoin (CRYPTO: BTC). The SEC recommended the delisting of over 200 tokens offered by the exchange, identifying 13 of them as securities. Experts argue that these actions could violate the SEC's mission of protecting investors and potentially trigger a market crash. However, some see a potential upside for Bitcoin.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 6:04 pm

Coinbase, a major cryptocurrency exchange, is currently experiencing system issues, according to a Reuters report. The issues could potentially affect trading and other operations.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:29 pm

The AI-driven rally continues with the stock market showing bullish behavior. Wall Street's perma bulls are currently favored over perma bears. Earnings from Apple Inc (AAPL) and Amazon.com, Inc. (AMZN) are set to be released on August 3. Money is flowing into AAPL, NVIDIA Corp (NVDA), Alphabet Inc Class C (GOOG), AMZN, and Tesla Inc (TSLA). The Bank of Japan unexpectedly widened the band for yield control. China's manufacturing PMI came at 49.3 vs. 49.2 consensus. The SEC instructed Coinbase Global Inc (COIN) to halt trading on all crypto coins except Bitcoin.

Portfolio Pulse from The Arora Report

July 31, 2023 | 3:02 pm

Ethereum (ETH), launched in 2015, has become the second most valuable cryptocurrency, worth $226 billion today. Its momentum was boosted by its listing on Coinbase Global Inc (NASDAQ:COIN). Ethereum saw increased attention and a surge in valuation related to the boom of non-fungible tokens in 2021. An investment of $1,000 in Ethereum at launch would be worth $2,527,943.42 today based on a price of $1,870.68.

Portfolio Pulse from Chris Katje

July 31, 2023 | 2:55 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.