Coinbase Global (COIN) is set to report first-quarter 2024 earnings on May 2, after market close. The company delivered an earnings surprise in each of the last four reported quarters.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Trading volumes in the first quarter are likely to have benefited from increased crypto asset volatility and crypto asset prices, the primary driver of the trading business. The approval of Bitcoin spot ETF is likely to have aided tradi ...

Wall Street analysts expect Coinbase Global, Inc. (COIN) to post quarterly earnings of $0.89 per share in its upcoming report, which indicates a year-over-year increase of 493.3%. Revenues are expected to be $1.2 billion, up 55.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 27.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's ...

Massachusetts Senate candidate John Deaton isn’t letting the busy campaign trail prevent him from fighting the Securities and Exchange Commission on behalf of the crypto industry. FOX Business was first to report that the crypto-enthusiast and lawyer, now turned political candidate, filed an amicus brief in the Southern District of New York on Friday in support of the U.S.’s largest crypto exchange Coinbase in its ongoing legal battle with the SEC.Deaton says he’s intervening in the case on behalf of 4,701 ...

Bitcoin (BTC-USD) and other cryptocurrencies experienced a sharp decline on Thursday following the release of U.S. economic data showing higher inflation and slower growth in the first quarter of 2024. The U.S. GDP growth was reported at 1.6%, lower than the expected 2.5%, while the GDP price index came in at 3.1%, higher than anticipated. That backdrop forms my list of crypto stocks for investors to buy this month.CoinDesk noted that Bitcoin briefly fell below $63,000, dropping more than 4% before recoveri ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Coinbase Global, Inc. (COIN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 2, 2024, might help the stock move higher if these key numbers are better tha ...

There's a slew of evidence suggesting that its price will keep rising.As you may have heard, the halving of Bitcoin (BTC 0.31%) means that mining the coin will yield half as many tokens as before. Many people expect that this will drive the cryptocurrency's price upward, as supply growth slows.But the halving isn't the only factor potentially lifting Bitcoin prices over time. Here are three other elements you may not have considered that strengthen the bull case for investing.1. Fears about inflationEveryon ...

Robert Way Introduction Coinbase (NASDAQ:COIN) is by far the largest U.S. publicly traded company exposed to crypto assets. Being the dominating crypto exchange in the world's largest economy provides COIN with a robust brand which allows to attract new users at an impressive pace. The company's financial performance is still highly volatile, but as the penetration of crypto assets in our lives deepens, I expect the financial performance of the overall industry to become smoother and more predictable. My va ...

The halving of Bitcoin (BTC-USD) has typically been a precursor to some pretty extraordinary gains for the top cryptocurrency. Many investors and cryptocurrency traders have likely prepared. They have piled on ahead of the fourth halving event with the expectation that history will repeat itself. Following Friday’s halving, many new Bitcoin holders are sure to wonder when (and if) the big surge will happen. Some pundits are skeptical. They believe more big gains will be ahead post halving. Some are going as ...

Cryptocurrency stocks are on the rise today, as Bitcoin (BTC) moves higher following Friday's fourth-ever 'halving' event-- its first since 2020. Halving refers to reducing the reward for mining new bitcoin by 50% in order to manage the supply and maintain the cryptocurrency's scarcity. Among others, the shares of both Coinbase Global Inc (NASDAQ:COIN) and Riot Platforms Inc (NASDAQ:RIOT) are surging in response. At last glance, COIN was up 6.8% to trade at $225.25, earlier climbing as high as $227.15. The ...

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