RT 🚨BSC Gems Alert🚨 (@BSCGemsAlert)#Binance will be listing ______? https://t.co/Hay7LiwxuO ...

Core Viewpoint - Coinbase Global Inc. (NASDAQ:COIN) is recognized as a strong growth and high-margin stock, with Baird initiating coverage and setting a price target of $240, highlighting its position as the largest bitcoin exchange in the US and its capabilities in retail and institutional trading [1][2]. Group 1: Company Overview - Coinbase Global Inc. is a leading financial technology company in the US that operates a major cryptocurrency exchange platform, allowing individuals and institutions to buy, sell, trade, store, and stake digital assets such as Bitcoin and Ethereum [3]. Group 2: Investment Analysis - Baird has rated COIN shares as Neutral, indicating a balanced risk-reward ratio, particularly in light of recent trading volume declines following the cryptocurrency price slump on October 10 and concerns regarding the Clarity Act [2]. - The firm sees potential growth opportunities for Coinbase through its "Everything Exchange" program and an enhanced subscription revenue mix, suggesting a strategy to wait for a pullback before upgrading its outlook [2].

Core Viewpoint - Coinbase reported a significant decline in revenue and a net loss for Q4, but projects substantial growth in trading volume and profitability for 2025 [1] Financial Performance - Q4 revenue decreased by 20% to $1.8 billion, exceeding market expectations [1] - The company recorded a net loss of $667 million for the quarter, compared to a net profit of $1.3 billion in the same period last year [1] - The loss was primarily attributed to impairment charges related to cryptocurrency holdings and investments [1] Future Projections - Coinbase anticipates total trading volume to exceed $5.2 trillion in 2025, representing a year-over-year growth of 156% [1] - The company expects to achieve a net profit of approximately $1.26 billion for the full year of 2025 [1] Market Share - Coinbase's market share in the spot market doubled, increasing from 3.2% at the end of 2024 to 6.4% [1]

RT 🚨BSC Gems Alert🚨 (@BSCGemsAlert)#Binance will be listing ______? https://t.co/Hay7LiwxuO ...

RT 🚨BSC Gems Alert🚨 (@BSCGemsAlert)#Binance will be listing ______? https://t.co/Hay7LiwxuO ...

Financial Data and Key Metrics Changes - Total revenue for 2025 was $7.2 billion, a 9% year-over-year increase [15] - Subscription and services revenue reached $2.8 billion, up 23% year-over-year, and more than 5.5 times higher than the peak in 2021 [15][19] - Q4 total revenue was $1.8 billion, down 5% quarter-over-quarter [18] - Q4 transaction revenue was $983 million, down 6% quarter-over-quarter, while subscription and services revenue was $727 million, down 3% quarter-over-quarter [19] - Adjusted EBITDA in Q4 was $566 million, and adjusted net income was $178 million [20] Business Line Data and Key Metrics Changes - The company has 12 products generating over $100 million in annualized revenue, with half of those exceeding $250 million [15][18] - Subscription and services revenue hit all-time highs, up 5.5 times from the peak in 2021 [7] - Derivatives volume and revenue reached all-time highs in Q4 [10] Market Data and Key Metrics Changes - Global trading volume and market share doubled year-over-year, reaching new all-time highs [4] - The crypto market cap was down 11% quarter-over-quarter [16] - USDC market cap reached an all-time high of about $75 billion [11] Company Strategy and Development Direction - The company aims to grow the Everything Exchange, which integrates various asset classes including crypto, equities, and commodities [8][10] - Focus on scaling stablecoins and payments, with plans to expand stablecoin utility and payment infrastructure [11][12] - Emphasis on bringing the world on-chain, promoting decentralized technology and self-custodial wallets [13] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about regulatory clarity and the growth of crypto adoption [4][25] - The company is prepared for market volatility and has diversified its revenue streams [17][23] - Management believes that stablecoins will become the default payment method for AI agents [12] Other Important Information - The company ended the year with $11.3 billion in cash and cash equivalents, and total available resources of approximately $14.1 billion [21] - The company has repurchased $1.7 billion of its common stock to offset dilution from stock-based compensation [21] Q&A Session Summary Question: Are you making any headway on positive outcomes regarding the CLARITY Act? - Management is optimistic about progress on the CLARITY Act and appreciates the efforts of the Senate and administration [24][25] Question: What percentage of overall subscription and services revenue do you expect Layer 2 activity from Base and partners to contribute in 2026? - Base revenue is monetized both directly and indirectly, but no specific forecast was provided [27] Question: What product or platform initiative are you most excited about that investors may be underestimating today? - Management highlighted the Everything Exchange and stablecoin payments as key initiatives [30][32] Question: Could your economic relationship with Circle change depending upon language in a market structure bill? - Management does not foresee changes in the economic relationship with Circle due to market structure legislation [36] Question: How does Coinbase think about the opportunities in larger scale buybacks and M&A? - The company is focused on buybacks and opportunistic M&A, having completed 10 acquisitions in 2025 [39] Question: Can you talk about your 2026 spending plans? - The company plans to maintain flat expenses in Q1 2026 while being nimble in response to market conditions [47] Question: Was the Coinbase issue just a tech mishap and not a more severe issue? - A technical issue caused brief interruptions for some users, but it was unrelated to trading volume or market conditions [49] Question: How should we think about the strength of the casual crypto trader in this winter? - Retail consumers tend to hold through price declines and are currently net buyers [68]

RT 🚨BSC Gems Alert🚨 (@BSCGemsAlert)#Binance will be listing ______? https://t.co/Hay7LiwxuO ...

Company Performance - Cisco Systems (CSCO) stock fell over 7% at the open due to a gloomy profit outlook despite a rise in sales, as the company expects margins to be squeezed by memory costs linked to AI datacenter spending [3] - McDonald's (MCD) shares nudged higher after the burger giant's earnings beat expectations [6] - Upcoming earnings reports to watch include Coinbase (COIN), Applied Materials (AMAT), and Rivian (RIVN), all scheduled for release after the market close [6] Economic Indicators - The Dow Jones Industrial Average (^DJI) increased by approximately 0.5%, while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both gained around 0.3% [2] - Jobless claims showed a smaller decline than expected, with nonfarm payrolls data indicating the US economy added twice as many jobs as anticipated in January, complicating expectations for Federal Reserve policy [5] - Attention is turning to the upcoming Consumer Price Index report, with hopes that a softer reading will indicate easing price pressures while maintaining economic growth [4]

Core Viewpoint - Binance has addressed the issue of asset outflows, stating that discrepancies in data from third-party sources like Coinglass and DefiLlama exist, and that their data will take 24 to 48 hours to recover [1] Group 1 - Binance experienced an asset outflow of $46.58 million in the past 24 hours and $19.14 million over the past 7 days according to OKLink data [1] - Coinglass reported a significantly higher outflow of $3.76 billion in the last 24 hours, indicating a potential data inconsistency [1]

Update about Binance CEX transparencyCoinglass data show 3.7 billion negative inflows from Binance, yes 3.7 billion in last 24 hours.Wow that's huge outflow. People are leaving binance https://t.co/QGV50cqOvrTHE HUNTER (@TrueGemHunter):Something is wrong with Binance ⚠️Binance inflow and outflow data just disappeared.For the number one exchange in the world that is a big red flag.In crypto, transparency is everything.So why is it gone? Are they hiding something? https://t.co/yahS2moRVP ...