Bernstein analysts hiked their price target for Coinbase to $510 from $310 after the crypto trading platform's stock jumped 12% Tuesday. https://t.co/8DCl7uS4bH ...

Key Takeaways COIN relies on trading volume as a core revenue driver, boosted by crypto market dynamics and volatility. Growing volumes support demand for custody, staking and subscriptions, aiding revenue diversification. Despite a 22.1% YTD stock gain, COIN faces valuation pressure and declining near-term EPS estimates.Coinbase Global, Inc. (COIN) relies heavily on trading volumes as a core driver of revenues and a key indicator of its long-term business trajectory. This crypto leader generates the bulk ...

CANADA - 2025/05/20: In this photo illustration, the Circle Internet Group logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCircle Internet Group (NYSE:CRCL) experienced an impressive IPO last week. The stock was initially priced at $31 per share, opened at $69, and is currently trading at $115 – which is a nearly 270% increase in just a few days. Circle is a stablecoin issuer and cre ...

Core Insights - Coinbase Global Inc. (COIN) primarily generates revenue from transaction fees, which account for over 50% of its total revenue and are closely linked to trading volumes [1][4] - Transaction revenues rose 18.2% year-over-year to $1.3 billion in Q1 2025, driven by a 26% increase in trading volume [2] - The company anticipates a decline of $30 million to $40 million in institutional transaction revenues for Q2 2025 [2][8] Revenue Growth and Market Position - The increase in crypto trading activity, fueled by the adoption of Bitcoin ETFs and tokenized assets, is enhancing COIN's transaction-based income [3] - Coinbase is investing in foundational infrastructure, such as its Layer 2 Ethereum scaling solution, Base, to support long-term growth and improve crypto utility [3] - The platform has expanded its asset offerings by launching tokenized equities on Base, contributing to its revenue growth [3] Competitive Landscape - COIN competes with Robinhood Markets and Interactive Brokers, both of which also rely heavily on transaction revenues from active trading [5][6] - Robinhood's transaction revenues, which make up over 60% of its total revenues, are sensitive to market fluctuations and retail investor behavior [5] - Interactive Brokers benefits from high-margin commission-based transaction revenues, demonstrating strong operating leverage [6] Financial Performance and Valuation - COIN's shares have gained 1.2% year-to-date, outperforming the industry [7] - The company trades at a price-to-earnings ratio of 45.5, significantly above the industry average of 18.72, indicating an expensive valuation [10] - The Zacks Consensus Estimate for COIN's EPS has decreased by 47.1% and 37% for Q2 and Q3 2025, respectively, while estimates for full-year 2025 and 2026 have increased by 52.3% and 16.7% [11][12]

Core Viewpoint - Coinbase Global (COIN) is expected to report its first-quarter 2025 results on May 8, with a history of earnings surprises in the last four quarters [1] Trading Volumes - Increased asset volatility and improved crypto asset prices are likely to have boosted trading volumes in the first quarter, which remains a major revenue driver for Coinbase [2] - The Zacks Consensus Estimate for total trading volume is 404 million, reflecting a 28.5% increase year-over-year. The estimate for Consumer trading volume is 83 million, indicating a 48.2% rise, while Institutional trading volume is pegged at 321 million, showing a 25.4% increase [3] Transaction Revenues - Transaction revenues are expected to benefit from higher fees for both Consumer and Institutional segments, with the Zacks Consensus Estimate for total transaction revenues at $1.325 billion, a 23% increase from the previous year. Consumer transaction revenues are estimated at $1.2 billion, and Institutional revenues at $127 million, suggesting a 49.4% year-over-year increase [4] Market Share and Product Growth - Revenues are anticipated to be supported by market share gains in U.S. spot and derivatives trading products, as well as growth in custody, staking, USDC assets, and Coinbase One subscribers [5] Earnings Prediction - The quantitative model does not predict an earnings beat for Coinbase this quarter, with an Earnings ESP of -5.23% and a Zacks Rank of 3 (Hold) [6][7]

Saint Petersburg, FL, May 01, 2025 (GLOBE NEWSWIRE) -- Intelagen, an enterprise Artificial Intelligence (“AI”) consultancy developing innovative solutions that improve outcomes for organizations, today announced its acceptance into the prestigious NVIDIA Connect program. This collaboration will provide Intelagen with advanced technical resources and expertise, significantly boosting its IntellAGENTTM enterprise AI enablement platform and critically enabling the development of next-generation, high-performan ...

Core Viewpoint - Trump Media and Technology Group Corp. (TMTG) has signed a binding agreement with Crypto.com and Yorkville America Digital to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand, marking a significant step in diversifying into financial services and digital assets [1][4]. Group 1: Partnership and Product Launch - The agreement follows a non-binding agreement signed in March, with Davis Polk & Wardwell LLP advising on the development and launch of the products [2]. - The ETFs will include digital assets and securities with a focus on American-made products across various industries, subject to regulatory approval, and are expected to launch later this year [3]. Group 2: Strategic Goals and Financial Commitment - TMTG aims to invest up to $250 million in the ETFs and Separately Managed Accounts (SMAs) using its own cash reserves, as part of its financial services and FinTech strategy [4]. - The partnership is expected to provide global distribution for the Trump Media ETFs, leveraging Crypto.com's platform [4]. Group 3: Company Background - TMTG operates Truth Social, a social media platform aimed at promoting free speech, and Truth+, a streaming platform focused on family-friendly content, alongside the new Truth.Fi financial services brand [5]. - Crypto.com, founded in 2016, has over 140 million customers and is recognized for its regulatory compliance and security in the cryptocurrency space [6]. - Yorkville America Digital specializes in branded investment products centered around digital assets and American businesses, catering to specific client needs [7].