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

Portfolio Pulse from Adam Eckert

June 21, 2023 | 12:41 pm

Coinbase shares are trading higher as Bitcoin's price increases following BlackRock's application for a Bitcoin ETF.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 11:35 am

EDX Markets, an institutional-only crypto exchange, has launched with support from major financial firms like Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp (NYSE:SCHW). The platform offers a non-custodial model and has started trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Portfolio Pulse from Murtuza Merchant

June 20, 2023 | 8:51 pm

Robinhood Markets Inc (NASDAQ:HOOD) is introducing 24-hour trading, 5 days a week, to attract investors who want the ability to trade anytime. The service will offer 43 stocks and ETFs, including Coinbase Global Inc (NASDAQ:COIN), iShares MSCI Japan ETF (NYSE:EWJ), S&P 500 (ASRCA: SPY), Tesla Inc (NASDAQ:TSLA), and Lucid Group Inc (NASDAQ:LCID).

Portfolio Pulse from AJ Fabino

June 20, 2023 | 5:04 pm

Coinbase Global announced that Flow will undergo a network hard-fork beginning on or around June 21 at 8 a.m PT, with estimated delays to send/receive transactions of about 1 hour.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 4:07 pm

Binance is integrating the Bitcoin Lightning Network to facilitate deposits and withdrawals, aiming to increase transaction speed and reduce network congestion. This follows previous challenges faced by the exchange, and Binance joins other major exchanges like Kraken, Bitfinex, and potentially Coinbase in adopting the technology.

Portfolio Pulse from Murtuza Merchant

June 20, 2023 | 3:34 pm

Coinbase UK director Elke Karskens emphasized the importance of regulations for the long-term success of the crypto industry at the Oxford Blockchain Conference. She highlighted the need for a regulatory framework that protects consumers and fosters innovation, and praised jurisdictions such as the UK, Europe, Hong Kong, Singapore, and Australia for rapidly developing regulatory frameworks.

Portfolio Pulse from Murtuza Merchant

June 19, 2023 | 8:12 pm

Shiba Inu (CRYPTO: SHIB) surged on Sunday, reaching its highest levels since June 10, while most cryptocurrencies remained flat. The spike could be due to pent-up demand and an increased burn rate, which soared 730% in the past 24 hours.

Portfolio Pulse from Shanthi Rexaline

June 18, 2023 | 2:47 pm

BlackRock filed for a spot Bitcoin ETF, iShares Bitcoin Trust, with assets primarily held by Coinbase, which would serve as the custodian. Economist Peter Schiff suggests BlackRock may have an ulterior motive, profiting from news-induced upside by buying the dip in Bitcoin and selling after the news pushes up the crypto.

Portfolio Pulse from Shanthi Rexaline

June 17, 2023 | 6:06 pm

Galaxy Digital Holdings CEO Michael Novogratz supports BlackRock's filing for a Bitcoin ETF, stating it would make it easier for blue-chip investors to enter the space and be beneficial for Bitcoin. BlackRock filed a request with the SEC for the iShares Bitcoin Trust last week.

Portfolio Pulse from Bibhu Pattnaik

June 17, 2023 | 2:09 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.