Coinbase this week became the latest high-profile company to announce plans to leave Delaware and incorporate elsewhere. While Elon Musk and a select few others have been vocal about exiting Delaware, they remain distinctly in the minority.
COIN's premium valuation and projected earnings decline temper optimism despite strong growth and crypto market expansion.
Coinbase expands with a new token sales platform, a UK savings account launch and a strategic shift after ending the BVNK deal.
Coinbase Chief Legal Officer Paul Grewal wrote in a Wall Street Journal op-ed that the crypto platform is moving its state of incorporation to Texas from Delaware. Elon Musk has led the campaign to exit Delaware, reincorporating Tesla and SpaceX in Texas.
At the beginning of the month, PYMNTS reported that crypto giant Coinbase was in late-stage acquisition negotiations with U.K. stablecoin infrastructure startup BVNK. Reportedly, there was even an exclusivity agreement in place, preventing other suitors like Mastercard from making offers.
Bill Baruch, Founder and president at Blue Line Capital, joins CNBC's “Halftime Report” to explain why he's buying more Coinbase.
Over the past week, Coinbase Global (COIN) stock has declined by 10%, and it is presently priced at $309.14.
Blockchain startup Monad will be the first project to sell its token on the new platform.
Many people buy and sell Bitcoin (CRYPTO:BTC) and other cryptocurrencies on the Coinbase Global (NASDAQ:COIN) trading platform.
Coinbase Global (COIN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
COIN's strong Q3 results and Deribit acquisition boost performance, putting ETFs with heavy exposure to Coinbase, like CRPT and IBLC, in investor focus.
Coinbase is reportedly closer to acquiring stablecoin infrastructure startup BVNK. The cryptocurrency exchange is in late-stage discussions on the approximately $2 billion purchase, Bloomberg news reported Friday (Oct. 31), citing sources familiar with the matter.