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

Scott Johnsson of Van Buren Capital criticizes the Biden administration's regulatory actions on the cryptocurrency industry, including SEC enforcement against Coinbase, Binance, and Kraken, and the Federal Reserve's denial of Custodia's application. He argues these actions stifle industry growth and innovation.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 2:13 pm

The cryptocurrency market's maturity, marked by reduced volatility, is expected to impact Coinbase's trading revenue. Despite exceeding Q1 projections, Coinbase's trading volume has significantly dropped from its 2021 peak. The company's future remains promising with diversified revenue sources and potential growth if the bull market continues.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 1:30 pm

The article highlights significant options activity for several financial stocks, indicating potential trading opportunities. Notable bullish sentiment is observed for COIN, JPM, and V, while bearish sentiment is noted for BAC, AGNC, C, SQ, BX, LU, and GS.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:35 pm

Robinhood has launched a new Crypto Trading API aimed at advanced and automated trading strategies, enhancing the trading experience for U.S. customers.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:07 pm

VeeCon 2024, hosted by Gary Vaynerchuk, will take place in Los Angeles from August 9-11. The event will feature speakers from various industries, including Linda Yaccarino (X), Bob Pittman (iHeartMedia), Claudine Patel (Sanofi), Glen Walter (Tropicana Brands/PepsiCo), Jill Cress (H&R Block), Leslie Berland (Verizon), Sean Tresvant (Taco Bell/Yum! Brands), Stanley Tang (DoorDash), and Tariq Hassan (McDonald's). VeeCon 2024 will partner with Coinbase's Layer-2 network Base for ticketing.

Portfolio Pulse from Chris Katje

May 29, 2024 | 10:23 pm

Coinbase Global Inc (NASDAQ:COIN) shares are trading lower due to the New York Stock Exchange's (NYSE) collaboration with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). This development may impact Coinbase's market position as a leading cryptocurrency exchange.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 1:30 pm

A hedged portfolio created during Thanksgiving week last year outperformed the SPDR S&P 500 Trust ETF (SPY) by more than double over six months. The portfolio included stocks like Affirm Holdings (AFRM), Coinbase Global (COIN), Fabrinet (FN), MicroStrategy (MSTR), Super Micro Computer (SMCI), Splunk (acquired by Cisco Systems, CSCO), and Williams Sonoma (WSM). The outperformance is attributed to a new security selection method and an algorithm for optimal hedging.

Portfolio Pulse from David Pinsen

May 29, 2024 | 1:14 pm

Financial giants have made significant bullish moves on Coinbase Glb (NASDAQ:COIN) through options trading. Analysis revealed 21 unusual trades, with 42% bullish and 38% bearish. The projected price targets range from $200 to $350. Analysts have mixed ratings, with an average target price of $254.8.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:31 pm

Shares of crypto stocks are trading higher in possible reaction to spot Ethereum ETF approval.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:32 pm

Shares of crypto stocks are trading lower due to volatility related to hopes of Ethereum ETF approval.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:23 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.