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

Coinbase, a leading cryptocurrency exchange, is currently experiencing system issues, according to a Reuters report. The nature of the issues and their potential impact on the platform's operations have not been detailed.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 4:58 pm

Coinbase shares are trading higher without any company-specific catalyst.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 4:53 pm

Zacks Tech Innovators Newsletter has reportedly purchased stock in Coinbase (COIN).

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:55 pm

Bitcoin (BTC) is trading higher, finding support around $30,000 and resistance just above $31,000. The crypto market surged last month following the launch of the EDX Markets exchange, backed by Charles Schwab, Fidelity, and Citadel Securities. Blackrock's initial application for the first spot Bitcoin ETF in the U.S. was turned down, but an amended application has been submitted. If approved, the Bitcoin ETF would allow investors to get exposure to Bitcoin without having to take custody of the asset.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 9:29 pm

Tim Quast, CEO of ModernIR, discussed momentum trading strategies on Benzinga's 'PreMarket Prep', highlighting the importance of modest, repeated returns. He identified four momentum stocks with near daily volatility: Carvana Co (CVNA), Matador Resources Co (MTDR), Unity Software Inc (U), and Coinbase Global Inc (COIN). Quast also mentioned momentum trading-focused ETFs like the iShares MSCI USA Momentum Factor ETF (MTUM), and the Invesco DWA Momentum ETF (PDP). His strategy emphasizes riding the wave of a stock’s upward trend and selling as soon as there are signs of a downward trend.

Portfolio Pulse from AJ Fabino

July 10, 2023 | 9:01 pm

Benzinga's options activity scanner has identified significant options activity in nine financial stocks: Citigroup (C), Morgan Stanley (MS), XP Inc. (XP), JPMorgan Chase (JPM), Nu Holdings (NU), M&T Bank (MTB), Lincoln National (LNC), Coinbase Global (COIN), and Western Alliance Bancorp (WAL). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:39 pm

JMP Securities analyst Devin Ryan has reiterated a Market Outperform rating on Coinbase Global (NASDAQ:COIN) and maintained a $90 price target.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 1:05 pm

Ark Invest CEO Cathie Wood predicts a significant upside for Bitcoin, with price targets eventually raised to $1 million by 2030. Despite the bankruptcy and collapse of several major cryptocurrency companies, Wood remains optimistic about the future of digital assets. Ark Funds have increased their holdings in many of their ETFs, including ARKK, ARKW, and ARKF, to coincide with this thesis. Coinbase Global (NASDAQ:COIN) is among the top ten holdings in these ETFs. The Grayscale Bitcoin Trust (OTC:GBTC) is also the second largest holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

July 08, 2023 | 3:34 pm

The article lists five financial stocks that are considered overbought, indicating they may be overvalued. These include Forge Global Holdings (FRGE), Metalpha Technology Holding (MATH), Investors Title Company (ITIC), Hywin Holdings (HYW), and Coinbase Global (COIN). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 11:31 am

Conor Grogan, the Head of Product at Coinbase Inc, has tracked down and reclaimed $322K worth of dormant cryptocurrencies in an Ethereum Classic wallet. Grogan identified approximately 20 addresses holding more than $250,000 worth of Ethereum Classic and managed to contact the owner of one of them. The owner had their life savings stolen by a hacker in 2019 and was in a legal battle with their cybersecurity provider and Bitfinex.

Portfolio Pulse from Mehab Qureshi

July 06, 2023 | 7:01 am

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.