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Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
16.2.2024
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said
Coinbase sales rose to $954M in Q4 amid market bounce
16.2.2024
Coinbase reported a surge in its revenue in the fourth quarter of the previous year, that is, 2023. The revenue jumped to $954 million, with trading volume up to $154 billion. That includes the institutional volume of $125 billion. The surge came amid the market rebound. Most of it is credited...
Cathie Wood’s ARK Sells More Coinbase Stock Amid Bitcoin Surge
16.2.2024
ARK Invest, the asset management firm led by prominent Bitcoin (BTC) advocate Cathie Wood, has sold a significant amount of Coinbase stock ahead of the crypto exchange’s impressive earnings report. According to a filing on Thursday, ARK Invest sold $34.3 million worth of Coinbase shares from...
Bitcoin Price Prediction Rallies as Coinbase Profits Soar, ETFs Drive $1T Market
16.2.2024
Bitcoin price prediction continues to be bullish amid Coinbase Global’s revelation of its first quarterly profit in two years, buoyed by the SEC’s approval of Bitcoin ETFs, underscores a significant moment for the cryptocurrency market. This development, alongside a 57% surge...
Coinbase Shares Surge After Beating Fourth-Quarter Profit Estimates
15.2.2024
Bitcoin ETFs May Hurt Coinbase’s Bottom Line In 2024: Analyst
15.2.2024
Senior Researcher at Leverage Shares, Sandeep Rao, believes that Coinbase’s dominant market position as “the dominant venue for all things crypto” faces a new challenge. In a recent interview with Cryptonews, Rao warned that the company’s medium-to-long-term performance could suffer...
Sean Patrick Maloney Will Stop Working on Crypto Issues If Confirmed as OECD Ambassador: Report
15.2.2024
Sean Patrick Maloney pledged last week to stop advising on crypto issues if he is confirmed as U.S. representative to the Organization for Economic Cooperation and Development (OECD). Maloney reportedly sent a letter to Massachusetts Senator Elizabeth Warren on February 9, committing to resign from...
Bitcoin's Rise to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests
15.2.2024
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors' appetite for the asset
Coinbase Upgraded to Neutral Ahead of Earnings at JPMorgan as Shares Surge
15.2.2024
The bank lifted its rating on Coinbase stock to reflect rising crypto prices following the approval of spot bitcoin ETFs in the U.S
Cathie Wood's ARK Invest Sells Coinbase Shares for First Time in a Month
15.2.2024
ARK sold $34.3 million of shares in the crypto exchange, which is due to report earnings after the U.S. market closes
Bitcoin Price Prediction: BTC Hits $52,000; Surges with ETF Inflows & Coinbase’s Q4 Optimism
15.2.2024
Recently, Bitcoin surged past the $52,000 mark, a significant milestone that not only underscores its growing appeal but also highlights the robust inflows into U.S. spot Bitcoin exchange-traded funds (ETFs). This surge, coupled with a bullish sentiment from anticipated strong Q4 results from...
Tiger Global Exited Coinbase Stake Late Last Year, Filing Shows
14.2.2024
Tiger sold 38,850 shares during the fourth quarter
Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say
14.2.2024
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023
Robinhood’s Strong Crypto Performance Sets Positive Tone for Coinbase Earnings
14.2.2024
Coinbase shares rose 10% today after Robinhood’s Q4 2023 earnings report yesterday said that the popular trading app made a tidy profit from its crypto trading business. Robinhood declared its transactions-based revenues in Q4 2023 rose 8% compared to the same quarter the preceding year. In...
Coinbase Pay integrates into Ledger Live app
14.2.2024
Ledger announced that Coinbase Pay has successfully integrated with its Ledger Live app, enabling users to receive their tokens from Coinbase on their Ledger device. The association aims to make the purchase of cryptocurrency more accessible, seamless, and secure. They will now collectively boost...
Coinbase Suspends PLA Token Trading After PlayDapp’s Smart Contract Suspension
14.2.2024
Coinbase suspended PLA token trading on Wednesday after Web3 gaming platform PlayDapp paused the smart contract’s functionality. “We will continue to monitor developments related to PLA from the issuer and update our customers as more information becomes available,” Coinbase said on X. PLA’s...
Robinhood's Higher Crypto Revenue Could be Positive for Coinbase Earnings
13.2.2024
The shares of the popular trading platform rose 15% after beating earnings and revenue estimates
28.2% of Data Requests Originated from U.S. Agencies in 2023, Kraken Says
13.2.2024
Crypto exchange Kraken published a report today detailing the data requests it received from official bodies last year. In a blog post, the exchange revealed that it had received a total of 4923 data requests in 2023, with U.S. agencies accounting for 1393 of those requests. Stay in-the-know with...
Ledger and Coinbase Collaborate to Simplify Crypto Purchases and Transfers
13.2.2024
Hardware wallet provider Ledger and cryptocurrency exchange Coinbase have announced a collaboration aimed at integrating Coinbase Pay into Ledger Live, a move aimed at enhancing the efficiency and security of cryptocurrency transactions. This collaboration aims to eliminate the complexities users...
Kraken Mulls Crypto ETF Custody Amid Spot Ethereum ETF Anticipation
13.2.2024
Crypto exchange Kraken is reportedly considering to enter the crypto ETF custody race, amid spot Ethereum ETF’s most anticipated approval. According to a scoop by Fox Journalist Eleanor Terrett, the US’s second largest crypto exchange Kraken “is hoping to get into the crypto ETF custody game...