For investors in a wide range of crypto stocks, today's session has brought a lot of pain and not enough relief. Shares of Coinbase (NASDAQ: COIN ), Marathon Digital (NASDAQ: MARA ), Riot Platforms (NASDAQ: RIOT ) and MicroStrategy (NASDAQ: MSTR ) are down between 1% and 8% in today's session, although these early afternoon declines have improved from the morning's initial plunge.
Crypto stocks are collapsing today amid the extended broad-market selloff , especially as Bitcoin (BTC) drops below $50,000 for the first time since February.
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.
Coinbase Global Inc (NASDAQ:COIN) took a 16% clobbering on Monday in response to a broader sell-off of technology stocks and collapsing bitcoin spot price. The Nasdaq-listed cryptocurrency exchange, which primarily generates revenues from bitcoin trades, posted strong second-quarter financials on Friday.
The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry's growing political influence ahead of the November election.
Coinbase Global Inc (NASDAQ: COIN) reported its Q2 2024 earnings with above-expectation results, although with lower profits than Q1. Finbold turned to OpenAI‘s leading artificial intelligence (AI) model, ChatGPT-4o, for insights on the stock‘s projected price for next year.
The headline numbers for Coinbase Global (COIN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Coinbase Global, Inc. (NASDAQ:COIN ) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET Company Participants Anil Gupta - Vice President, Investor Relations Brian Armstrong - Co-Founder & Chief Executive Officer Alesia Haas - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Ken Worthington - JPMorgan Benjamin Budish - Barclays Bank Owen Lau - Oppenheimer Mike Colonnese - H.C. Wainwright Joseph Vafi - Canaccord Genuity Pete Christiansen - Citigroup Dan Dolev - Mizuho John Todaro - Needham Patrick Moley - Piper Sandler Operator Good afternoon.
Coinbase Global, Inc. (COIN) came out with quarterly earnings of $1.07 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.42 per share a year ago.
Shares of Coinbase Global Inc. rose after hours on Thursday after the cryptocurrency exchange reported second-quarter sales that beat Wall Street's expectations, helped by a bump in subscription and services revenue that built off signs of more mainstream acceptance that spurred a crypto rally earlier this year.
Analysts expect a rebound in crypto trading to propel strong results for Coinbase. Coinbase stock retreats as bitcoin falls after Fed update.
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Coinbase Global, Inc. ("Coinbase") (NASDAQ:COIN) concerning possible violations of federal securities laws. The Financial Conduct Authority ("FCA"), a U.K. financial regulator, issued a press release on July 25, 2024, announcing that it had fined Coinbase's U.K. unit CB Payments Limited ("CBPL") approximately $4.5 million "for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.