Shares of Coinbase Global Inc. (COIN) have gained 27.8% in the past six months, outperforming the industry’s increase of 26%, the sector’s increase of 19.2% and the Zacks S&P 500 composite’s rise of 13.4% in the same time frame. COIN provides financial infrastructure and technology for the crypto economy in the United States and internationally and is America's largest registered crypto exchange. It has a market capitalization of $74.1 billion. The average volume of shares traded in the last three months wa ...

Coinbase is more than just a trading platform, and new products driven by the Base blockchain and stablecoins will drive a bright future.Coinbase (COIN 0.56%) is set to have another great quarter in Q4 2024, and that should continue into 2025 as the stablecoin USDC grows and the company benefits from higher trading momentum for everything from altcoins to meme coins. In this video, Travis Hoium explains why this is a company that will benefit from that short-term momentum while also building the infrastruct ...

Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset sales.The company said this in a petition to the court that is part of an appeal tied to a Securities and Exchange Commission (SEC) lawsuit filed in 2023 that alleges Coinbase operated as an unregistered securities broker, Seeking Alpha reported Wednesday (Jan. 22).Coinbase said in its petition that trades on its platform are not securities transactions bec ...

Bitcoin Market Overview - Bitcoin price surged to an all-time high of $109,000 before retreating to around $102,000, marking a 5% decline [1] - Bitcoin has gained over 100% in 2024, driven by Trump's pro-crypto stance and election victory [3] - Bitcoin hit a high of $106,533 on Dec 22, 2024, following Trump's campaign promises to make the US the "crypto capital of the world" [4] - Bitcoin has surged over 600% from its low of $16,000 in early 2023, indicating strong growth potential [6] - Historical data shows Bitcoin gains of 2300% and 1700% in previous bullish cycles, followed by corrections of 70%-80% [6] Trump's Impact on Crypto - Trump's inauguration as the 47th US President has boosted optimism for a crypto-friendly regulatory environment [5] - Trump appointed crypto-friendly individuals to key cabinet and regulatory roles, signaling potential deregulation [4] - Investors anticipate regulatory clarity and a supportive environment under Trump's administration [5] Crypto-Centric Stocks Robinhood Markets (HOOD) - Robinhood operates a financial services platform allowing investments in stocks, ETFs, options, gold, and cryptocurrencies [7] - Expected earnings growth rate for the current year exceeds 100%, with a 23% improvement in Zacks Consensus Estimate over the past 60 days [8] - Zacks Rank 1 (Strong Buy) [8] NVIDIA Corporation (NVDA) - NVIDIA is a leading semiconductor company, with its GPUs playing a crucial role in data centers, AI, and cryptocurrency mining [9] - Expected earnings growth rate for the current year exceeds 100%, with a 3.5% improvement in Zacks Consensus Estimate over the past 60 days [10] - Zacks Rank 2 (Buy) [10] Coinbase Global (COIN) - Coinbase provides financial infrastructure and technology for the global cryptocurrency economy, including consumer accounts and institutional trading [11] - Expected earnings growth rate for the current year exceeds 100%, with an 11.4% improvement in Zacks Consensus Estimate over the past 60 days [12] - Zacks Rank 1 [12] Interactive Brokers Group (IBKR) - Interactive Brokers is a global electronic broker offering cryptocurrency trading and futures [13] - Expected earnings growth rate for the current year is 21.6%, with a 1.7% improvement in Zacks Consensus Estimate over the past 60 days [14] - Zacks Rank 2 [14]

Investors might want to bet on Coinbase Global, Inc. (COIN) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings esti ...

Coinbase is Primed for another Winning Year in 25’Zacks Rank #1 (Strong Buy) stock Coinbase ((COIN) is one of the biggest and most well-known cryptocurrency exchange platforms globally. Through Coinbase, retail and institutional traders can buy and sell from a wide variety of crypto assets. Beyond its extensive digital asset offering, Coinbase is lauded as one of the most user-friendly platforms for amateur investors because of its straight-forward user interface (UI) and simple buying process. Coinbase als ...

Group 1: Company Performance - Coinbase Global, Inc. closed at $255.37, reflecting a +1.66% change from the previous day, outperforming the S&P 500 which gained 0.12% [1] - Over the past month, shares of Coinbase have decreased by 20.33%, which is significantly worse than the Business Services sector's loss of 6.13% and the S&P 500's loss of 3.45% [1] Group 2: Financial Expectations - Analysts expect Coinbase to report earnings of $0.77 per share, indicating a year-over-year decline of 25.96% [2] - Revenue is anticipated to be $1.55 billion, representing a 62.99% increase compared to the same quarter last year [2] Group 3: Analyst Projections - Recent shifts in analyst projections for Coinbase are important as they reflect changing business trends, with positive revisions indicating confidence in the company's performance [3] Group 4: Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Coinbase holding a 1 rank, suggesting strong buy potential [5] - The Zacks Consensus EPS estimate has increased by 8.65% over the last 30 days [5] - Coinbase is currently trading at a Forward P/E ratio of 71.39, which is significantly higher than the industry average of 13.76 [6] Group 5: Industry Context - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [6]

Coinbase reportedly told customers that it may have to share data demanded by the Commodity Futures Trading Commission (CFTC).The regulator has sent a subpoena to the firm that seeks information about Coinbase customers’ interactions with prediction market firm Polymarket, CoinDesk reported Thursday (Jan. 9), citing unnamed sources.Coinbase has emailed some customers saying it may have to share that data with the CFTC, according to the report.A Coinbase spokesperson said in the report: “When we receive requ ...

Shares of cryptocurrency company Coinbase Global (COIN -0.47%) jumped 42.8% in 2024, according to data provided by S&P Global Market Intelligence. The cryptocurrency space came roaring back to life throughout the year. And given that Coinbase is a leading cryptocurrency infrastructure company, it's not surprising to see it enjoy big gains.The obvious catalyst for Coinbase were the big gains from Bitcoin (BTC 2.38%), the largest cryptocurrency in the world. Bitcoin's price increased by 119% last year. And wh ...

In the latest market close, Coinbase Global, Inc. (COIN) reached $260.01, with a -1.63% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.16%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq lost 0.06%.The company's stock has dropped by 12.6% in the past month, falling short of the Business Services sector's loss of 6.27% and the S&P 500's loss of 2.8%.The investment community will be paying close attention to the earnings performance of C ...