Amid the recent crypto market downturn, now might be the perfect time to capitalize on long-term growth potential. If you haven't noticed, the crypto market has been going through a bit of a challenging stretch over the last couple months. After seemingly only going up to start off 2024, it is now struggling to sustain much if any momentum. However, as history has shown, these corrections are healthy and common in bull markets, and in most scenarios, they provide investors with a valuable opportunity. Here ...

*Stock prices used were end-of-day prices of June 30, 2024. The video was published on July 1, 2024. Coinbase's great run isn't over. Coinbase (COIN -2.23%) continues to make progress in building disruptive blockchain technology, and in this video, Travis Hoium gives five major signs the company is winning in the market and will grow significantly in 2024. ...

Skyrocketing crypto prices are undoubtedly benefiting this business, whose shares have jumped 558% since the start of 2023. But with the top cryptocurrency stock still trading 35% below its peak price, you might be wondering if Coinbase is a no-brainer buy right now. I already mentioned Coinbase's soaring profitability. This was enabled by operating expenses that remained largely flat last quarter versus the year-ago period. The company is demonstrating that it can leverage its fixed costs, leading to highe ...

Market participants will be closely following the financial results of Coinbase Global, Inc. in its upcoming release. On that day, Coinbase Global, Inc. is projected to report earnings of $1.12 per share, which would represent year-over-year growth of 366.67%. Alongside, our most recent consensus estimate is anticipating revenue of $1.47 billion, indicating a 107.83% upward movement from the same quarter last year. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside ...

The pause letters were revealed following an October report by the FDIC's Office of the Inspector General detailing the agency's strategies relating to risks associated with cryptocurrencies. Coinbase says it was denied access to the requested information by both the SEC and the FDIC, despite being legally entitled to it under the Freedom of Information Act, which allows the public to request access to non-public records from federal agencies. This is the second time this month that the SEC has been sued fo ...

The hunt for promising blockchain stocks to buy has become a priority for forward-thinking investors. This focus is particularly relevant as we move past significant events such as the Bitcoin (BTC-USD) halving and the approval of the Bitcoin spot ETFs, which are due to significantly fuel the market's growth. Such investments might amplify returns through equity in companies at the forefront of blockchain technology. So here are three blockchain stocks to buy for June this year. Source: Yev_1234 / Shutterst ...

Investment Rating - The report initiates coverage on Coinbase (COIN US) with an "Outperform" rating compared to the market [3][20]. Core Insights - Coinbase has established itself as a leading virtual asset platform, providing a range of services including trading, storage, staking, custody, and payment solutions, with a mission to enhance economic freedom for over 1 billion people [6][26]. - The company has seen significant growth in its custodial assets and revenue due to the approval of multiple spot Bitcoin ETFs, with custodial assets increasing by 69% to $171 billion and custodial revenue rising by 64% to $32 million [17][26]. - Despite competitive pressures, Coinbase's trading volume surged to $312 billion in Q1 2024, reflecting a 101.3% quarter-over-quarter increase, while maintaining stable trading fees [17][18]. Company Overview - Coinbase was founded in 2012 and has undergone multiple funding rounds, raising over $530 million before its direct listing on NASDAQ in April 2021 [2][6]. - As of the end of 2023, Coinbase operates in over 100 countries with a workforce of 3,416 employees and a trading volume of $468 billion for the year [6][14]. Financial Performance - The report highlights that Coinbase's trading fees remained stable at 35 basis points in Q1 2024, despite concerns about increased competition [18]. - The company has adopted a disciplined spending approach, maintaining a total expenditure to total revenue ratio of 55% during the bullish market conditions of 2024 [29]. Market Position - Coinbase ranks fifth among centralized exchanges with a market share of 6.8%, while Binance leads with 49.7% [14]. - The approval of Ethereum ETFs is expected to further enhance Coinbase's revenue and market position [26]. Regulatory Compliance - Coinbase emphasizes regulatory compliance and has a robust KYC process, which is more stringent compared to competitors like Binance [30][32]. - The company actively engages in promoting clear regulations for the cryptocurrency industry and supports candidates who favor cryptocurrency legislation [31][32]. Management Team - The management team includes experienced professionals such as Brian Armstrong (CEO), Emilie Choi (COO), and Paul Grewal (Chief Legal Officer), all of whom have extensive backgrounds in technology and law [39][50]. Strategic Initiatives - Coinbase employs a resource allocation model of 70/20/10, focusing 70% on core business operations, 20% on strategic investments, and 10% on high-risk, high-reward projects [27]. - The company has made several strategic acquisitions to enhance its technological capabilities and expand its service offerings [19]. User Metrics - The number of verified users on Coinbase has grown from 32 million in 2019 to 114 million in 2023, with a compound annual growth rate of 37.2% [49]. - Monthly transacting users peaked in 2021 but have since declined, with 8 million users in Q1 2024, representing a 5% year-over-year decrease [49].

Shares of the chipmaker are up 57% in 2024 and 85% higher over the past year. If this news of a Samsung partnership proves true, Qualcomm could be starting a new leg of higher growth. While a rising tide lifts all boats, some growth stocks to buy now look better than others because they have catalysts that are driving them higher. That's what investors should look for in a frothy market, businesses with fundamental reasons for growing. These three growth stocks below should be on your shopping list this mon ...

The company's stock has climbed by 1.92% in the past month, exceeding the Finance sector's loss of 1.89% and lagging the S&P 500's gain of 3.59%. The latest trading session saw Coinbase Global, Inc. (COIN) ending at $235.03, denoting a -0.39% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.79%. It's also important for investors to be aware of any recent modific ...

Blockchain leader Coinbase Global (COIN) has struggled this quarter, down 10% since Q3 kicked off at the beginning of the month. The equity is also far removed from its March 25, more than two-year high of $283.48. However, COIN's recent pullback could be short-lived, as the equity approaches a historically bullish trendline. Daily chart of Coinbase Stock with its 80-day moving average Even further, Coinbase Global stock's Schaeffer's Volatility Scorecard (SVS) stands at a 71 out of 100, indicating the stoc ...