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X @s4mmy
s4mmy· 2025-10-03 16:55
. @bankrbot Update: UX overhaul for the interface of crypto: https://t.co/agAgFDtI7gBase app (@baseapp):New in the Base app: Level up your group chats with AI agents.Add agents like @flaunchybot and @bankrbot to your group chats to make trading and sending money easier than ever. https://t.co/79iMjIHfTp ...
X @Easy
Easy· 2025-08-29 16:01
Over / Under 7 days till scam + wallet drainers start paying 7 figures for ads herevoh 🔺 (@vohvohh):Why is Coinbase running ads in the Base app? https://t.co/WR1JUNudHH ...
Coinbase Global (COIN) FY Conference Transcript
2025-08-13 18:17
Summary of Coinbase Conference Call Company Overview - **Company**: Coinbase - **Industry**: Cryptocurrency Exchange and Blockchain Services Key Points and Arguments Regulatory Environment - The current U.S. administration is the most pro-crypto, leading to significant regulatory clarity, including the recently enacted Genius Act for stablecoins [6][22] - The Clarity Act is expected to progress through the Senate, with optimism for its passage by year-end [22][24] Revenue Composition - Approximately 40% of Coinbase's revenue comes from non-trading activities such as stablecoin, interest income, staking, and custody [3] - Trading revenue constituted about 60% in the last quarter, indicating a balanced revenue model [7] Product Development and Expansion - Coinbase is focused on expanding its product offerings, including derivatives, payments, and tokenization [4][11] - The company has launched new products like the Base app, perpetual futures, and tokenized securities [4][10] - The Base app aims to integrate various functionalities, including trading, payments, and social networking [56][58] Derivatives Market - Coinbase has seen strong growth in derivatives trading, with a total notional volume of $1 trillion in Q2, up from $800 billion in Q1 [18] - The company is the first U.S. regulated futures exchange to offer 24/7 futures for major cryptocurrencies [17] International Expansion - Coinbase has secured a MICA license in Luxembourg, facilitating easier market entry across Europe [25][27] - The company has launched operations in countries like Singapore, Brazil, Canada, and Australia, generating revenue exceeding direct operating costs [27][28] Stablecoin Strategy - USDC is positioned as a compliant payment stablecoin, with significant market cap growth anticipated following regulatory clarity [29][30] - The company emphasizes the importance of compliance and transparency in the stablecoin market [31][33] Partnerships - Coinbase has established partnerships with major banks like JPMorgan and PNC, enhancing its infrastructure and service offerings [34][36] - Collaborations with merchants like Shopify aim to drive USDC adoption among a broader audience [39][40] Tokenization Ambitions - Coinbase aims to tokenize various asset classes, believing that regulatory clarity will enable this evolution [42][44] - The company envisions a future where all assets are tokenized, facilitating 24/7 global markets [46] Capital Allocation Strategy - Coinbase has a strong balance sheet with $9.3 billion in USD resources and plans to focus on both organic growth and potential acquisitions [61][63] - The company is committed to generating positive adjusted EBITDA across all operating environments [63] Future Outlook - Coinbase is focused on three main priorities: growing trading business, expanding payment offerings, and establishing itself as a trusted partner in the crypto ecosystem [65][66] - The company is investing in a diverse portfolio of products to stabilize revenue streams as it moves away from speculative trading [67] Additional Important Content - The company acknowledges that not all products will succeed, but it is willing to make bets on innovation and quickly pivot if necessary [67] - The Base app is still in early stages, with a focus on user engagement and integration of various services [59][60]
COIN Loses 19% in a Month, Trades at a Premium: How to Play the Stock
ZACKS· 2025-08-12 18:51
Core Viewpoint - Coinbase Global Inc. (COIN) has experienced an 18.9% decline in shares over the past month, significantly underperforming the industry and broader market indices [1][10]. Group 1: Company Performance - COIN is positioned to benefit from a broader range of crypto assets, international expansion, and increased market volatility [2]. - The company has been trading below its 50-day simple moving average, indicating a short-term bearish trend [4]. - In Q2 2025, COIN faced challenges due to lower trading activity and subdued crypto volatility, resulting in earnings that missed expectations for the first time in ten quarters [7]. - Despite a strong liquidity position with $9.3 billion in resources at the end of 2024, concerns about dilution and financial leverage arose after the pricing of $2.6 billion in convertible notes [13]. - COIN's return on equity was 16%, slightly below the industry average of 16.4%, while its return on invested capital was 10.2%, outperforming the industry average of 4.9% [14]. Group 2: Market Position and Strategy - Coinbase aims to enhance its market share in both U.S. spot and derivatives markets by broadening its product suite and expanding globally [8][11]. - The adoption of stablecoins is expected to further boost revenues, with the company posting positive EBITDA for eight consecutive quarters [12]. - The company aspires to onboard over a billion users into the crypto economy, investing significantly in core infrastructure and platforms [12]. Group 3: Valuation and Analyst Sentiment - COIN shares are trading at a premium P/E of 51.36X, compared to the industry's 20.65X, indicating a stretched valuation [10][17]. - The Zacks Consensus Estimate for 2025 earnings has increased by 93.6%, while the estimate for 2026 has decreased by 7.4% [15]. - The mixed analyst sentiment reflects concerns over premium valuation, declining earnings estimates, and a VGM Score of F [21].
X @Bankless
Bankless· 2025-07-31 13:18
Rebranding and Product Updates - Base L2 has been rebranded to Base Chain, and Coinbase Wallet is now the Base app [1] - The Base app has been rebuilt into an "everything app" integrating Farcaster social, Zora-powered monetization, mini apps, payments, swaps, and encrypted chats [1] - The Base app is currently in invite-only beta [1] Key Features and Integrations - The home screen prioritizes community apps, featuring trending Farcaster mini apps and discovery categories [2] - The app integrates Zora coins, allowing any post to become a tradable token, with market cap stats displayed under posts [2] - Users can link their Coinbase account to fund their Base wallet with USD or crypto holdings [3] - The app includes a Chat hub for DMing followers and interacting with onchain AI assistants [4] - The app supports swaps, sending, requesting, and claiming funds via tap-to-pay and links [4] User Experience and Potential Issues - The Base app is described as smooth, easy to onboard to, and packed with onchain experiences [4] - The app focuses on providing various activities, such as launching a coin and trading, within a few clicks [5] - Early issues included difficulties transferring crypto from Coinbase and accessing certain mini apps [5]
X @Balaji
Balaji· 2025-07-18 14:55
Key Personnel & Project Updates - Jesse Pollak has significantly contributed to Coinbase, particularly with Base and the Base app [1] - The discussion revolves around reducing transaction costs to below $1, impacting the global landscape [1] Resources - The full episode featuring Jesse Pollak is available on YouTube [1] - The full episode featuring Jesse Pollak is available on Spotify [1] - The full episode featuring Jesse Pollak is available on Apple [1]
X @Cointelegraph
Cointelegraph· 2025-07-17 03:30
Cryptocurrency & Blockchain - Coinbase Wallet rebranded to "Base app", integrating chat, app discovery, trading, and earning features [1] - El Salvador's President Bukele discussed Bitcoin mining, reserves, and education with Pakistan's Minister of Crypto [1] - Windtree Therapeutics plans a $200 million $BNB crypto treasury strategy, a first for NASDAQ-listed companies [1] - PayPal to expand its $PYUSD stablecoin to the Arbitrum network [3] - Ripple partnered with Ctrl Alt to expand global custody into the Middle East, supporting Dubai's Real Estate Tokenization Project on XRP Ledger [3] - Vitalik Buterin emphasized minimalism for L2 success, leveraging Ethereum's security [3] Monetary Policy & Economic Indicators - Market anticipates a 63% probability of a Federal Reserve rate cut in September [4] - U S PPI fell to 2 3%, below expectations [4] - Trump advocated for a 3 percentage point rate cut by the Fed, projecting $1 trillion in annual savings [4] - Trump criticized Jerome Powell as a "terrible Fed chair" due to high interest rates and Fed spending, but stated he has no plans to fire him [2]
X @Cointelegraph
Cointelegraph· 2025-07-16 23:20
Product Update - Coinbase Wallet rebranded to "Base app" [1] - Base app transforms into a comprehensive platform [1] - The platform integrates chat, app discovery, trading, and earning features [1]