Coinbase CEO Brian Armstrong joins 'Squawk Box' to discuss news of the SEC dismissing its enforcement case against the company, what it means for regulatory outlook for the crypto industry going forward, the company's quarterly earnings results, future of prediction markets, his thoughts on the memecoin phenomenon, and more.
Coinbase's stock is rising on a favorable regulatory development, but the company says the U.S. government has more to do to foster crypto innovation
Coinbase CEO Brian Armstrong joins 'Squawk Box' to discuss news of the SEC dismissing its enforcement case against the company, what it means for regulatory outlook for the crypto industry going forward, the company's quarterly earnings results, future of prediction markets, his thoughts on the memecoin phenomenon, and more.
The announcement comes as the regulator is expected to be more friendly to crypto under President Donald Trump.
Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector.
Coinbase's FY 2024 earnings report showed a 115% YoY revenue increase, but the stock dropped 13% due to market conditions and concerns over competition from the likes of Robinhood. Robinhood's acquisition of Bitstamp and its 700% crypto revenue jump positions it as a strong competitor to Coinbase in the crypto space. Both stocks fell recently despite Bitcoin's rise, influenced by broader economic concerns over consumer spending outlook.
The S&P 500 (^GSPC 0.24%) market index is pretty broad. It tracks the performance of roughly 500 stocks, hand-picked by an expert panel to reflect the large-cap portion of the American stock market.
In this episode of the Motley Fool Scoreboard, Anand Chokkavelu, Travis Hoium, and Lou Whiteman evaluate Coinbase's (COIN -2.25%)stock potential. With ratings on business strength, management, and financials, they explore whether Coinbase is a strong investment or a risky bet in the evolving crypto landscape.
Coinbase Global (COIN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Coinbase Global (COIN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Most investors avoid investing in stocks during – and after – their earnings results, and for good reason. Volatility is usually at its peak around those days as the market adjusts and digests the financial implications on a company's stock and its valuation moving forward.
Earnings from Coinbase (COIN) show strength across the crypto space, according to Owen Lau. The company's dip in stock price is something he expected due to the stock's recent rallies.