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Global Financial Pulse: UBS Eyes Crypto, India-EU Bolsters Trade, French Premier Survives Challenge
Stock Market News· 2026-01-23 11:08
Key TakeawaysUBS (UBS) is reportedly set to offer cryptocurrency trading to its wealthy clients at its Swiss private bank, signaling a growing embrace of digital assets by traditional financial institutions.India and the European Union are on the verge of finalizing a comprehensive Free Trade Agreement (FTA) and a Memorandum of Understanding (MOU) on mobility, promising substantial tariff reductions and enhanced talent exchange.French Premier Sébastien Lecornu recently survived two no-confidence motions in ...
New Governors Abigail Spanberger, Mikie Sherrill Congratulated By Brian Armstrong: Coinbase CEO Calls It 'Another Milestone' For Pro-Crypto Advocates
Benzinga· 2026-01-21 04:38
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong celebrated the inaugurations of Abigail Spanberger as Governor of Virginia and Mikie Sherrill as Governor of New Jersey, framing it as a win for pro-cryptocurrency politiciansArmstrong Congratulates ‘Pro-Crypto’ AdvocatesIn an X post, Armstrong congratulated the new governors, describing it as a “milestone moment” for pro-cryptocurrency advocates in office.Spanberger’s Complex Stance On Crypto PolicySpanberger made history last year, defeating Republica ...
Bank of America Asserts Buy Rating on Coinbase Global Inc. (COIN) Buoyed by Growth Opportunities
Yahoo Finance· 2026-01-19 13:15
Coinbase Global Inc. (NASDAQ:COIN) is one of the best cryptocurrency and blockchain stocks to buy now. On January 8, analysts at Bank of America reiterated a Buy rating on the stock. According to the investment bank, the stock is well-positioned for 2026 owing to product expansion, strategic pivots, and a lower valuation. Bank of America Asserts Buy Rating on Coinbase Global Inc. (COIN) Buoyed by Growth Opportunities Photo by Jeremy Bezanger on Unsplash According to research analyst Craig Siegenthaler, ...
ChatGPT Thinks Coinbase Stock Will Close At This Price By The End of 2025
Yahoo Finance· 2026-01-07 18:01
Core Viewpoint - Coinbase shares have seen a slight increase recently, reflecting renewed optimism in the cryptocurrency market and the company's position as a leading exchange amid Bitcoin's recovery [1] Group 1: AI Price Prediction - An AI price-prediction model forecasts a modest decline for Coinbase over the next 60 days, with a base-case projection indicating a potential price of $525 by 2030 [2][3] - At the time of the prediction, Coinbase was trading around $243, with the model suggesting a likely path of a slight decrease rather than a significant drop [3] Group 2: Revenue and Market Dynamics - Coinbase's revenue is primarily driven by trading volumes, which increase with market volatility; recent Bitcoin rallies have led to higher transaction fees, but regulatory scrutiny and competition from decentralized exchanges may limit growth [4] - The AI model's bearish outlook considers the potential for fading momentum after recent gains and elevated valuations that leave less room for error [4] Group 3: Technical Indicators - Current technical indicators show negative MACD signals indicating weakening trend strength, while the RSI is approaching oversold territory, suggesting exhaustion in the recent rally [5] - Despite these technical pressures, Coinbase benefits from a loyal user base, positioning it to capture market flows if sentiment shifts [5] Group 4: Regulatory Environment - Coinbase faces mixed impacts from U.S. regulatory developments; pro-crypto policies could facilitate growth in stablecoins and custody services, while ongoing SEC battles may limit near-term multiples [6] - The company's international expansion, including derivatives trading in Europe, helps diversify its revenue sources beyond U.S. retail [7] Group 5: Earnings and Price Outlook - Q4 earnings previews indicate a surge in transaction revenue quarter-over-quarter, driven by altcoin rotations, although the AI model anticipates a pullback due to current price levels being viewed as extended [7] - The average predicted price for Coinbase is $232.50, with an implied move suggesting a slight decrease over the next month [8]
Philippines Blocks Coinbase, Gemini: 50 Platforms Hit in Major Regulatory Crackdown
Yahoo Finance· 2025-12-24 16:28
Internet users in the Philippines began losing access to major global cryptocurrency exchanges this week after local internet service providers moved to block dozens of online trading platforms following orders from regulators. Among the platforms affected were Coinbase and Gemini, two of the largest U.S.-based crypto exchanges, which users reported became inaccessible across multiple Philippine ISPs as of Tuesday. Independent checks confirmed the disruptions. Philippine Crackdown Leaves Traders Scrambl ...
JPMorgan weighs crypto trading for institutions amid growing demand
Yahoo Finance· 2025-12-22 14:22
Core Viewpoint - JPMorgan Chase is considering offering cryptocurrency trading services to institutional clients, potentially entering the crypto trading space for major clients [1][2]. Group 1: JPMorgan's Consideration - The largest U.S. bank by assets is assessing various products, including spot and derivatives trading, but has not committed to any specific service yet [2]. - The decision to enter the crypto market will depend on client demand, perceived risks, and long-term business opportunities in the sector [2]. Group 2: Institutional Demand for Crypto Trading - Large investors, such as hedge funds and pension managers, are seeking secure and regulated ways to trade digital assets, avoiding retail-focused platforms due to compliance and custody concerns [3]. - These institutional clients require dedicated infrastructure capable of handling large trades, offering deeper liquidity, and meeting compliance standards [3]. Group 3: Competitive Landscape - Coinbase Prime is a leading crypto trading platform for institutions, but competition is increasing with firms like Bullish, Kraken, Fidelity Digital Assets, and Galaxy Digital also active in the space [4]. - JPMorgan's potential entry could further intensify competition in the institutional crypto trading market [4]. Group 4: Regulatory Environment - The U.S. regulatory landscape for crypto is evolving, with an important crypto bill expected to be passed soon, which may boost institutional confidence in digital asset markets [5]. - The maturation of digital asset markets under clearer rules is seen as a positive development, despite ongoing price volatility [5].
X @Wu Blockchain
Wu Blockchain· 2025-12-22 13:52
JPMorgan is exploring offering cryptocurrency trading services to its institutional clients. The Wall Street bank is evaluating what crypto products and services its markets division could provide, potentially including spot and derivatives trading for institutions. The plans are not yet public and remain under assessment. https://t.co/NjtPtm1JYJ ...
Coinbase Stock Down 30% as Bitcoin Volatility Rattles Retail Investors
247Wallst· 2025-12-08 16:44
Core Insights - Shares of Coinbase (NASDAQ: COIN) have experienced a significant decline of over 30% from their peak of $343.78 in late October, closing at $269.73 on December 5 [1] Company Summary - The stock price of Coinbase has dropped from a high of $343.78 to $269.73, indicating a substantial decrease in market value [1] - The decline in shares reflects broader market trends and investor sentiment towards cryptocurrency exchanges [1] Industry Summary - The cryptocurrency exchange industry is facing volatility, as evidenced by the sharp decline in Coinbase's stock price [1] - Market fluctuations and regulatory developments may continue to impact the performance of companies within the cryptocurrency sector [1]
Binance Bags Three Licenses: Becomes The First To Secure Global License Under ADGM
Yahoo Finance· 2025-12-08 15:31
Binance just secured three fresh licenses from the Financial Services Regulatory Authority (FSRA) in ADGM (Abu Dhabi Global Markets). The largest crypto exchange is now the first crypto exchange to secure a global license under its framework. FSRA, for those who don’t know, is the financial watchdog that oversees financial activities within ADGM, Abu Dhabi’s international financial hub. The announcement came through a press release shared by ADGM on 8 December 2025. It confirms FSRA’s approval of license ...
Argus Just Slashed Its Earnings Estimates for Coinbase. Should You Dump COIN Stock Here?
Yahoo Finance· 2025-11-28 14:00
Core Viewpoint - The recent downturn in cryptocurrency prices has negatively impacted Coinbase (COIN), leading to downward revisions in earnings per share (EPS) estimates and raising concerns about the company's valuation and earnings visibility [1][2]. Company Overview - Coinbase is a financial services platform and the largest cryptocurrency exchange in the United States, founded in 2012 and headquartered in New York. It serves both retail and institutional investors, providing tools for trading cryptocurrencies and developing decentralized applications [3]. Stock Performance - COIN stock has decreased by 13.36% over the past year, underperforming the S&P 500, which returned 12.36%. The stock experienced a significant increase of three times between April and July before entering a downtrend [4]. Valuation Metrics - The stock trades at a 2026 P/E ratio of 31.56x, which is higher than peers like the London Stock Exchange (21.54x) and Nasdaq (26x). However, it is at a 24% discount compared to its own five-year historical average [5]. - The high valuation reflects the stock's association with retail trading popularity, making traditional peer comparisons less relevant [5][6].