Zacks.com users have recently been watching Coinbase Global (COIN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares in cryptocurrency firms Coinbase Global Inc (NASDAQ:COIN) and Circle jumped after US markets closed on Thursday, lifted by renewed interest in the stablecoin sector and growing expectations of interest rate cuts in the United States. Circle, which only listed on Nasdaq earlier this month, rose 7.6% after rebounding from a sharp sell-off earlier in the week.
COIN hit a 52-week high on June 25 after a bullish analyst target. Gain exposure via ETFs like CRPT, FDIG, IBLC, BKCH and BITQ -- each holding 10%+ in Coinbase.
Thanks to the new stablecoin legislation, Coinbase now earns high-margin, recurring revenue from digital dollars—and it's just getting started. It's not just trading anymore: Coinbase is moving into payments, credit cards, custody, staking, and even tokenized stock trading. With regulation as its moat, Coinbase is building the financial infrastructure of the future—right under Wall Street's nose.
Many positive catalysts have pushed Coinbase (COIN) stock higher, which hit a new 52-week high of $369 a share on Wednesday.
COIN and PYPL push deeper into stablecoins and crypto payments, but one shows stronger financial momentum and growth.
A bullish “golden cross” appeared in Coinbase's stock chart, but investors shouldn't necessarily take that as a buy signal.
Major U.S. equities indexes gained ground on Tuesday after President Donald Trump announced a ceasefire agreement between Iran and Israel, raising hopes for a more sustained drawdown in hostilities.
Coinbase, the leading crypto exchange, is poised to capitalize on the burgeoning crypto economy, driven by increasing adoption and the often overlooked yet rapidly growing stablecoin business.
In his 2019 book, Life After Google, George Gilder argues that the centralized internet is on the brink of collapse. It's a bold claim, but one that a futurist like Gilder addresses by pointing out the flaws of centralized systems.
Coinbase Global (NASDAQ:COIN) has surged by almost 30% over the past week. The rally comes following the passage of the much-anticipated stablecoin regulation bill through the Senate, seen as a big positive for COIN, which counts stablecoins as its second-largest revenue driver (related: How Coinbase Benefits From Stablecoin Bill) In fact, COIN stock has fared pretty well over the last year as well, rising by roughly 60% since the election of Donald Trump to the Presidency.
Coinbase Global (NASDAQ:COIN) experienced a surge of 16% during Wednesday's trading and has risen nearly 20% over the course of the past week. This increase follows the approval of the highly awaited stablecoin regulation bill by the Senate.