Coinbase Global (COIN) appears to be taking advantage of the growing optimism and support for Bitcoin among other cryptocurrencies.
NEW YORK CITY, NY / ACCESSWIRE / December 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ:COIN). Investors who purchased Coinbase securities prior to April 14, 2021, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/COIN.
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I rated CONL a 'sell' in August, but the fund has since delivered a 91% total return in just over 3 months. Despite CONL's past underperformance compared to Coinbase, the recent surge in digital assets has driven significant returns for both COIN and CONL. Bitcoin hitting $100k and capital flows into Ethereum have fueled a rally in the digital asset space, benefiting CONL.
As 2024 draws to a close, the stock market presents various investment opportunities, with equities likely to gain momentum into the new year.
Bitcoin (BTC-USD) passes the $100,000 mark, raising the tide for other cryptocurrencies and crypto-related plays. Brad Smith and Madison Mills take a look at other names sharing in bitcoin's rise, like dogecoin (DOGE-USD), Ripple XRP (XRP-USD), Solana (SOL-USD), Tether (USDT-USD), and Coinbase (COIN).
Selling this spread would generate roughly $180 in premium, which would be a 22% return in six weeks. The post Coinbase Option Trade Could Return 22% By Mid-January appeared first on Investor's Business Daily.
COIN MOVES UP OVER 11 POINTS
Shares of Coinbase (COIN 2.30%) shot up 65% in November, according to data from S&P Global Market Intelligence. The cryptocurrency platform and market exchange posted disappointing earnings but saw its share price rise after the Trump victory in the United States presidential election.
OpenAI said on Tuesday that it's hired Kate Rouch from Coinbase as its first chief marketing officer. Rouch joined the crypto company in August 2021 and oversaw its Super Bowl ads.
Coinbase is the true market leader in the crypto exchange industry. The stock should benefit from global crypto adoption, strategic partnerships, and a strong balance sheet.
Faryar Shirzad, chief policy officer at Coinbase, said he sees crypto legislation making its way through Congress "fairly quickly" following President-elect Donald Trump's win. "I think we have the most pro-crypto Congress ever history," Shirzad told CNBC in an interview, but noted there's only a "small" chance the crypto legislation is considered in the so-called "lame duck" post-election period.