SAN DIEGO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Coinbase Global, Inc. (NASDAQ: COIN) publicly traded securities between April 14, 2021 and July 25, 2024, both dates inclusive (the "Class Period"), have until November 12, 2024 to seek appointment as lead plaintiff of the Coinbase class action lawsuit. Captioned Castle v. Coinbase Global, Inc., No. 24-cv-04850 (E.D. Pa.), the Coinbase class action lawsuit charges Coinbase and certain of ...

When you come for the throne, you better not miss. This goes both ways for Coinbase (NASDAQ: COIN ). The crypto leader is under constant warfare when it Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with an ...

NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ: COIN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Coinba ...

Coinbase's recent innovation could transform Bitcoin from digital gold into a powerful DeFi asset, unlocking billions in untapped potential. Although Bitcoin (BTC 0.29%) remains the most valuable cryptocurrency in the world, it lacks much of the functionality other cryptocurrencies possess today, particularly smart contract capabilities. Without smart contracts, Bitcoin holders are unable to directly participate in the rapidly growing decentralized finance (DeFi) economy, where users engage in lending, borr ...

NEWTOWN, Pa., Sept. 16, 2024 /PRNewswire/ -- Edelson Lechtzin LLP, a leading class action law firm, announces the filing of a securities fraud class action on behalf of all investors of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021, and July 25, 2024, inclusive (the "Class Period"). A copy of the Complaint can be found HERE. Investors who purchased Coinbase stock during the Class Period may move the U.S. District Court for the Eastern District of Pennsylvania to appoint them as lead plaintiff, ...

Core Viewpoint - Coinbase is a leading cryptocurrency exchange with a bullish outlook from Wall Street analysts, who have set an average price target of $247, indicating a potential upside of 51% from current levels [1] Revenue Sources - Coinbase generates revenue primarily from two sources: transaction fees from buying and selling cryptocurrencies and subscription and services revenue [1][2] - Transaction revenue is mainly derived from retail traders, while subscription and services revenue comes from stablecoin revenue and blockchain rewards [2][4] - The company co-founded USD Coin (USDC), a stablecoin pegged to the U.S. dollar, generating revenue through interest on dollar reserves backing USDC [3][4] - Blockchain rewards, or staking, allow users to validate transactions, with Coinbase earning a portion of the rewards [3][4] Revenue Growth - Stablecoin revenue increased by 59%, and blockchain rewards surged by 111% over the past year [4] - Consumer transaction revenue accounted for 46% of total revenues, while stablecoin and blockchain rewards contributed 17% and 13%, respectively [4] Market Dynamics - Retail demand is crucial for Coinbase's long-term growth, as half of its revenues depend on crypto trading volume, which is highly volatile [5][6] - Institutional trading volume has significantly surpassed retail trading volume, with the last quarter showing institutional volume at $189 billion, over five times higher than consumer trading volume [6][7] Retail Interest Trends - Evidence suggests that retail interest in Bitcoin is declining, with transactions under $10,000 reaching a three-year low in July [8] - The total trading volume for crypto in 2024 is nearly $96 trillion, comparable to the total U.S. stock market trading volume of $101 trillion, indicating that most retail traders may have already entered the market [9][10] Future Opportunities - There is potential for growth in the stablecoin segment, as it offers a stable asset without the volatility of cryptocurrencies, appealing to privacy-conscious users [11]

NEW YORK, Sept. 14, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 25, 2024, both dates inclusive (the "Class Period"). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 12, 2024 in the securities class action first filed by the Firm. So what: If ...

SAN DIEGO, Sept. 13, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Coinbase Global, Inc. (NASDAQ: COIN) publicly traded securities between April 14, 2021 and July 25, 2024, inclusive (the "Class Period"), have until November 12, 2024 to seek appointment as lead plaintiff of the Coinbase class action lawsuit. Captioned Castle v. Coinbase Global, Inc., No. 24-cv-04850 (E.D. Pa.), the Coinbase class action lawsuit charges Coinbase and certain of ...

The latest trading session saw Coinbase Global, Inc. (COIN) ending at $163.05, denoting a +0.1% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.72%, and the technology-centric Nasdaq increased by 0.65%. Shares of the company have depreciated by 17.37% over the course of the past month, underperforming the Business Services sector's gain of 7.34% and the S&P 500's gain of 4.86%. The upcoming earning ...

Core Viewpoint - A class action lawsuit has been filed against Coinbase Global, Inc. for alleged violations of the Securities Exchange Act of 1934, with a deadline for lead plaintiff applications set for November 12, 2024 [1][3]. Summary by Sections Class Action Details - The lawsuit, titled Castle v. Coinbase Global, Inc., claims that Coinbase and its executives made false or misleading statements and failed to disclose significant regulatory issues related to its British unit, CB Payments Limited [1][3]. - The class period for the lawsuit is defined as April 14, 2021, to July 25, 2024 [1]. Allegations Against Coinbase - Allegations include that the UK's Financial Conduct Authority (FCA) found Coinbase's efforts to prevent criminal use of its platform inadequate, leading to an agreement that was subsequently breached, allowing 13,416 high-risk individuals to access services [3]. - On July 25, 2024, the FCA fined CB Payments Limited £3,503,546 for these breaches, which caused Coinbase's stock price to drop by over 5% [4]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Coinbase securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief [6].