Crypto is back, but it's growth on the blockchain that's most impressive.Coinbase (COIN -2.31%) continues to be one of the hottest stocks on the market, and investors recently got an idea of where the company is seeing growth. In this video, Travis Hoium highlights the company's marketplace progress and gives an overview of why crypto trading is only a small piece of the company's upside.*Stock prices used were end-of-day prices of April 4, 2024. The video was published on May 6, 2024. ...

The crypto exchange's stock is poised to vault higher on a renewed cryptocurrency rally, he believes.Cryptocurrency exchange operator Coinbase Global (COIN 2.54%) is often considered a good proxy for popular digital coins and tokens. So its stock price tends to move largely in concert with prices of those assets. But it can also attract bullish investors on its own when it delivers a blowout quarter, like it did at the beginning of May.Several analysts tracking the stock wasted little time raising their pri ...

Coinbase Global, Inc. (COIN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned -7.3% over the past month versus the Zacks S&P 500 composite's -1.6% change. The Zacks Securities and Exchanges industry, to which Coinbase Global belongs, has lost 5.1% over this period. Now the key question is: Where could the stock be headed in the near term?While ...

Coinbase has been on a tear, but this is likely just a sign of what's to come.Back from the dead, Coinbase Global (COIN -2.45%) finds itself up more than 500% since the beginning of 2023. Yet as impressive as Coinbase's resurgence has been, there is plenty of reason to believe it has more room to run.With a little bit of digging, it will become clear that the reclamation of its previous all-time high of $343 is well within the realm of possibilities and that the first publicly traded crypto company has what ...

Coinbase Global, Inc. (NASDAQ:COIN) Q1 2024 Earnings Conference Call May 2, 2024 5:30 PM ET Company Participants Anil Gupta - VP of IR Brian Armstrong - Co-Founder and CEO Alesia Haas - CFO Paul Grewal - Chief Legal Officer Emilie Choi - President and COO Conference Call Participants Devin Ryan - Citizens JMP Ken Worthington - JPMorgan Benjamin Budish - Barclays Owen Lau - Oppenheimer Kyle Voight - KBW Joseph Vafi - Canaccord Genuity Bo Pei - US Tiger Securities Mike Colonnese - HCW John Todaro - Needham & ...

| --- | --- | --- | --- | --- | |-------------------|-------|-------------------------|-------|--------------------| | | | Three Months \n2024 | Ended | March 31, \n2023 | | United States | $ | 1,353,450 | $ | 686,769 | | (1) International | | 284,120 | | 85,760 | | Total revenue | $ | 1,637,570 | $ | 772,529 | Table of Contents Coinbase Global, Inc. Notes to Condensed Consolidated Financial Statements Loans and related collateral The following table summarizes the Company's Prime Financing lending arrangem ...

| --- | --- | |-----------------------|--------------| | | | | | Exhibit 99.1 | | SHAREHOLDERLETTER | | | First Quarter 2024 | May 2, 2024 | Fellow Shareholders, Through Base, our Layer 2 solution, we are expanding the utility of crypto by mproving the infrastructure of the ecosystem, increasing speed and stability f the network, and empowering builders to innovate onchain. All in, Q1 was a highly productive start to 2024 for Coinbase and we remain as focused as ever on our mission of increasing economic fr ...

Coinbase (COIN) is set to report first-quarter 2024 earnings on May 2, after market close. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 89 cents on revenues of $1.2 billion. The top- and bottom-line estimates imply year-over-year improvements of 493.3% and 55.5%, respectively.Per our proven model, stocks with a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) are likely to beat on earnings. At present, Coinbase has an Earnings ESP ...

The cryptocurrency market didn’t have a memorable April after a solid rally in the first quarter that saw Bitcoin (BTC) hitting an all-time high of $73,750.The world’s most popular cryptocurrency has since pulled back and was trading around $62,900 on Apr 30. One of the major reasons behind the decline in Bitcoin price was the halving event, which took place last month. The Bitcoin halving event happens once in four years.However, with the April Bitcoin (BTC) halving event now concluded, there is widespread ...

The need for greater computing power and decentralization has spawned the demand for blockchain technology stocks. Blockchain technology enables users to store data on its public ledgers. This information cannot be changed and is accessible to all, providing more transparency and greater user control.Given the decentralized nature of its network, the potential for blockchain technology remains endless. Some companies use the network to build blockchain products, while others provide financial services throu ...