After disclosing better-than-expected financial results in its fourth quarter earnings report, U.S.-based Coinbase has big plans.The second largest crypto exchange told its investors that intends to lean heavily on its work with the popular USDC stablecoin this year, lever its recently launched layer-2 blockchain Base as a way to experiment with and improve blockchain utility, and promised to keep up its regulatory work on behalf of itself and the larger web3 industry. All while a bull market and institutio ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Coinbase Global Inc (NASDAQ: COIN) is in focus this morning after a JPMorgan analyst upgraded the crypto stock just hours ahead of its Q4 earnings report.Surge in BTC a positive for Coinbase stockCopy link to sectionKenneth Worthington expects the Nasdaq-listed firm to see a boost to its earnings power now that institutional capital is flowing into Bitcoin. The Securities & Exchange Commission of the United States approved the Spot Bitcoin ETFs in January (find out more) – which have contributed materially ...

Coinbase (NASDAQ:COIN) stock is a hot topic among crypto enthusiasts on Thursday following a couple of positive changes for COIN shares.The first Coinbase news worth noting today is JPMorgan upgrading the company’s shares from an “underperform” rating to a “neutral” rating. JPMorgan’s analysts point to increasing Bitcoin (BTC-USD) prices and Bitcoin ETF’s strengthening as the reason for the upgrade.To put that new u[grade in perspective, the analysts’ consensus rating for COIN stock is hold based on 22 opin ...

That was fast. Less than a month after downgrading Coinbase Global Inc. shares COIN to underweight, JPMorgan analyst Kenneth Worthington is moving back to a neutral stance. While he previously expressed concern that the recent launch of spot bitcoin exchange-traded funds would prove disappointing, he’s abandoning his bearish stance on Coinbase... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Alread ...

Bitcoin (BTC 3.89%) was the talk of the crypto market again on Wednesday and has passed the $1 trillion market cap mark once again. Bitcoin is up 5.3% in the last 24 hours as of 3 p.m. ET.Following Bitcoin's move is Coinbase Global (COIN 13.60%), which jumped as much as 14.5% in trading today, and MicroStrategy (MSTR 12.22%), which jumped 12.8%. The two stocks are currently up 13.7% and 12.2% respectively.Bitcoin's moveThe value of Bitcoin is up for several reasons today. First of all, investors are general ...

Asset Management - As of December 31, 2023, approximately $9.4 billion worth of assets were held on behalf of individual consumers staked through the platform[92]. - Over $7.4 billion worth of assets were staked by institutional customers through Coinbase Prime as of December 31, 2023[92]. - The aggregate market value of the voting and non-voting stock held by non-affiliates was $12.0 billion as of June 30, 2023[70]. - Coinbase's policies ensure that financial assets held for customers are not subject to claims from general creditors, maintaining a clear custody relationship[103]. - Customer assets are held 1:1 at all times, ensuring no lending or rehypothecation without customer consent[128]. - The company limits hot wallet holdings to no more than 2% of custodied assets, with cold wallet private keys secured in the U.S. and Europe[130]. - The company does not use sub-custodians for digital asset storage, ensuring direct control over customer assets[131]. Regulatory Compliance - Coinbase secured regulatory approval from the Bermuda Monetary Authority in September 2023 to enable perpetual futures for eligible non-U.S. customers[91]. - Coinbase has secured regulatory approvals for its derivatives trading operations, including a BitLicense from NYDFS and regulatory approval to operate as a futures commission merchant[123]. - The company invests significant resources in legal and compliance teams to adapt to the rapidly evolving regulatory landscape affecting the crypto industry[116]. - The company actively engages with global regulatory bodies to ensure compliance with evolving legal and regulatory requirements[136]. - The company has implemented a robust KYC program as part of its anti-money laundering efforts, including ongoing monitoring of customer activities[143]. Product Offerings - The company supports seven staking assets for consumers, including Ethereum (ETH) and Cardano (ADA) as of December 31, 2023[92]. - Coinbase entered into an updated arrangement with the issuer of USDC in August 2023 to support the stablecoin ecosystem[76]. - The company generates revenue through volume-based transaction fees and a subscription product for consumers trading on its platform[64]. - Coinbase One subscription product allows consumers to pay a monthly fee instead of transaction fees, providing various benefits including priority support[95]. - Coinbase offers integrated financing products to select institutions, enabling them to access liquidity for hedging, trading, and working capital needs, with trade financing allowing instant trading on credit[96]. - Coinbase Wallet enables global consumers to engage with Dapps and manage their private keys independently, enhancing user control over their assets[97]. - The company has developed a "web3 wallet" feature that simplifies on-chain activities for users, providing two-layered security and recovery assistance[98]. - Coinbase's developer product suite includes Base, an Ethereum Layer 2 chain, and Coinbase Cloud, which offers APIs and staking infrastructure to accelerate crypto product development[100]. Market Impact and Strategy - The company is focused on restoring confidence in the cryptoeconomy and increasing engagement on its platform following the 2022 events[82]. - The 2022 Events, including the failures of major crypto platforms, have indirectly impacted Coinbase's business and revenue potential through changes in market prices and customer sentiment[101]. - The company anticipates volatility in net income due to changes in fair values of investments, which could materially impact financial statements[907]. Workforce and Culture - As of December 31, 2023, Coinbase had 3,416 employees, reflecting its commitment to hiring and retaining talent in a competitive market[114]. - The company operates as a remote-first organization, allowing access to a larger talent pool for hiring and retention[137]. Security Measures - Coinbase employs industry-leading third-party trade surveillance software to monitor and detect problematic trading activities[87]. - The company has invested in advanced cryptographic techniques to enhance the security of user funds[136].

Investors are always looking for stocks that are poised to beat at earnings season and Coinbase Global, Inc. (COIN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Coinbase is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty goo ...

One of the big concerns for investors in Coinbase Global is that, despite the company having a role in many of the spot bitcoin exchange-traded funds that were launched, the new way of acquiring cryptocurrencies would hurt its main crypto brokerage. At one competitor, that’s not been the case. Robinhood Markets HOOD CFO Jason Warnick said the spot bitcoin ETF hasn’t hurt demand elsewhere.... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any devic ...

Coinbase Global (COIN) is set to report fourth-quarter 2023 earnings on Feb 15, after market close. This company delivered an earnings surprise in each of the reported quarters of 2023.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayTrading volumes in the fourth quarter are likely to have been weighed down by the continued decline in crypto asset volatility, the primary driver of trading business.The Zacks Consensus Estimate for total trading volume ...