Coinbase Global, Inc. (COIN) reached $353.3 at the closing of the latest trading day, reflecting a -5.81% change compared to its last close.
The cryptocurrency-trading platform is expected to put up big numbers through 2027 at least.
The cryptocurrency exchange hit a record high Thursday before giving back some gains.
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.