Coinbase is more than just a trading platform, and new products driven by the Base blockchain and stablecoins will drive a bright future.Coinbase (COIN 0.56%) is set to have another great quarter in Q4 2024, and that should continue into 2025 as the stablecoin USDC grows and the company benefits from higher trading momentum for everything from altcoins to meme coins. In this video, Travis Hoium explains why this is a company that will benefit from that short-term momentum while also building the infrastruct ...

Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset sales.The company said this in a petition to the court that is part of an appeal tied to a Securities and Exchange Commission (SEC) lawsuit filed in 2023 that alleges Coinbase operated as an unregistered securities broker, Seeking Alpha reported Wednesday (Jan. 22).Coinbase said in its petition that trades on its platform are not securities transactions bec ...

Bitcoin Market Overview - Bitcoin price surged to an all-time high of $109,000 before retreating to around $102,000, marking a 5% decline [1] - Bitcoin has gained over 100% in 2024, driven by Trump's pro-crypto stance and election victory [3] - Bitcoin hit a high of $106,533 on Dec 22, 2024, following Trump's campaign promises to make the US the "crypto capital of the world" [4] - Bitcoin has surged over 600% from its low of $16,000 in early 2023, indicating strong growth potential [6] - Historical data shows Bitcoin gains of 2300% and 1700% in previous bullish cycles, followed by corrections of 70%-80% [6] Trump's Impact on Crypto - Trump's inauguration as the 47th US President has boosted optimism for a crypto-friendly regulatory environment [5] - Trump appointed crypto-friendly individuals to key cabinet and regulatory roles, signaling potential deregulation [4] - Investors anticipate regulatory clarity and a supportive environment under Trump's administration [5] Crypto-Centric Stocks Robinhood Markets (HOOD) - Robinhood operates a financial services platform allowing investments in stocks, ETFs, options, gold, and cryptocurrencies [7] - Expected earnings growth rate for the current year exceeds 100%, with a 23% improvement in Zacks Consensus Estimate over the past 60 days [8] - Zacks Rank 1 (Strong Buy) [8] NVIDIA Corporation (NVDA) - NVIDIA is a leading semiconductor company, with its GPUs playing a crucial role in data centers, AI, and cryptocurrency mining [9] - Expected earnings growth rate for the current year exceeds 100%, with a 3.5% improvement in Zacks Consensus Estimate over the past 60 days [10] - Zacks Rank 2 (Buy) [10] Coinbase Global (COIN) - Coinbase provides financial infrastructure and technology for the global cryptocurrency economy, including consumer accounts and institutional trading [11] - Expected earnings growth rate for the current year exceeds 100%, with an 11.4% improvement in Zacks Consensus Estimate over the past 60 days [12] - Zacks Rank 1 [12] Interactive Brokers Group (IBKR) - Interactive Brokers is a global electronic broker offering cryptocurrency trading and futures [13] - Expected earnings growth rate for the current year is 21.6%, with a 1.7% improvement in Zacks Consensus Estimate over the past 60 days [14] - Zacks Rank 2 [14]

Investors might want to bet on Coinbase Global, Inc. (COIN) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings esti ...

Coinbase is Primed for another Winning Year in 25’Zacks Rank #1 (Strong Buy) stock Coinbase ((COIN) is one of the biggest and most well-known cryptocurrency exchange platforms globally. Through Coinbase, retail and institutional traders can buy and sell from a wide variety of crypto assets. Beyond its extensive digital asset offering, Coinbase is lauded as one of the most user-friendly platforms for amateur investors because of its straight-forward user interface (UI) and simple buying process. Coinbase als ...

Group 1: Company Performance - Coinbase Global, Inc. closed at $255.37, reflecting a +1.66% change from the previous day, outperforming the S&P 500 which gained 0.12% [1] - Over the past month, shares of Coinbase have decreased by 20.33%, which is significantly worse than the Business Services sector's loss of 6.13% and the S&P 500's loss of 3.45% [1] Group 2: Financial Expectations - Analysts expect Coinbase to report earnings of $0.77 per share, indicating a year-over-year decline of 25.96% [2] - Revenue is anticipated to be $1.55 billion, representing a 62.99% increase compared to the same quarter last year [2] Group 3: Analyst Projections - Recent shifts in analyst projections for Coinbase are important as they reflect changing business trends, with positive revisions indicating confidence in the company's performance [3] Group 4: Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Coinbase holding a 1 rank, suggesting strong buy potential [5] - The Zacks Consensus EPS estimate has increased by 8.65% over the last 30 days [5] - Coinbase is currently trading at a Forward P/E ratio of 71.39, which is significantly higher than the industry average of 13.76 [6] Group 5: Industry Context - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [6]

Core Viewpoint - Coinbase may be required to share customer data with the Commodity Futures Trading Commission (CFTC) as part of an ongoing investigation into prediction markets, specifically regarding interactions with Polymarket [1][2]. Group 1: Regulatory Actions - The CFTC has issued a subpoena to Coinbase for information related to its customers' interactions with Polymarket [1]. - The CFTC's actions are part of a broader legal struggle with prediction market firms, including a recent loss against Kalshi, where a judge ruled that the CFTC could not prevent the listing of election contracts [3]. - In 2022, the CFTC fined Polymarket $1.4 million for failing to register with the regulator [4]. Group 2: Company Responses - Coinbase stated that it carefully reviews government information requests and may seek to narrow overly broad or vague requests [2]. - Polymarket has raised $70 million in new capital across two previously unannounced funding rounds, positioning itself as "the world's largest prediction market" [3]. Group 3: Industry Perspectives - The founder of Polymarket expressed a belief that market-based forecasts will become integral to news consumption and truth-seeking on the internet [4]. - The Acting Director of Enforcement at the CFTC emphasized that all derivatives markets, including those in decentralized finance (DeFi), must operate within legal boundaries [5].

Shares of cryptocurrency company Coinbase Global (COIN -0.47%) jumped 42.8% in 2024, according to data provided by S&P Global Market Intelligence. The cryptocurrency space came roaring back to life throughout the year. And given that Coinbase is a leading cryptocurrency infrastructure company, it's not surprising to see it enjoy big gains.The obvious catalyst for Coinbase were the big gains from Bitcoin (BTC 2.38%), the largest cryptocurrency in the world. Bitcoin's price increased by 119% last year. And wh ...

Group 1: Company Performance - Coinbase Global, Inc. (COIN) closed at $260.01, reflecting a -1.63% change from the previous day, underperforming the S&P 500's gain of 0.16% [1] - The stock has decreased by 12.6% over the past month, compared to a loss of 6.27% in the Business Services sector and a 2.8% loss in the S&P 500 [1] Group 2: Earnings Projections - The upcoming earnings report for Coinbase is expected to show an earnings per share (EPS) of $0.48, which is a 53.85% decrease from the same quarter last year [2] - Revenue is projected to be $1.41 billion, indicating a 47.69% increase compared to the same quarter of the previous year [2] Group 3: Analyst Projections - Recent shifts in analyst projections for Coinbase are important for investors, as these revisions reflect short-term business trends [3] - Positive revisions in estimates indicate analysts' confidence in the company's performance and profit potential [3] Group 4: Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average of +25% annually since 1988 [5] - Coinbase is currently rated as Zacks Rank 1 (Strong Buy), with the consensus EPS estimate moving 2.78% higher over the last 30 days [5] - Coinbase has a Forward P/E ratio of 81.61, which is significantly higher than the industry average of 13.97 [6] Group 5: Industry Context - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 77, placing it in the top 31% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Key TakeawaysCoinbase shares are off to a strong start this year as the cryptocurrency exchange continues to benefit from optimism that the incoming Trump administration and a crypto-friendly Congress will support policies that benefit the asset class.After setting a three-year high in early December, the stock has retraced about half of its post-election rally, with the price sitting roughly midway between the 200- and 50-day moving averages.Investors should watch key support levels on the Coinbase chart a ...