Coinbase Net Income Quadruples in the Fourth Quarter of 2021
(Coinbase) Coinbase posted a net income of $840 million or $3.32 per diluted share in the fourth quarter of 2021, an increase from a net income of $177 million in…
Coinbase Discontinues Lending Product After Feud With SEC
(Coinbase) Coinbase Global Inc. has stopped the launch of its USDC APY lending product after the Securities and Exchange Commission termed it as a breach of security laws. The crypto exchange…
Coinbase Hikes Debt Offering to $2 Billion on Market Demand
(Reuters) Major cryptocurrency exchange firm Coinbase Global Inc. has decided to raise its debt offering by a quarter, given the high market interest for the product. Coinbase decided to hike…
Coinbase Makes a Test Case of Investing in Crypto
(Coinbase) Coinbase has said it will allocate 10% of its quarterly net income into cryptocurrencies in a move aiming to encourage their adoption. The new policy by Coinbase will see…
Coinbase Q2 Profit Jumps to $1.6B Buoyed by High Trading Volumes
(Coinbase) Coinbase Global Inc. reported a net income of $1.6 billion in the second quarter, a jump from $32 million in the same quarter of 2020. The company, which operates…
Coinbase Target Price Elevated to $444 from $434 by Oppenheimer
(TheFly) Oppenheimer analyst Owen Lau increased the company’s price target on Coinbase to $444, keeping an Outperform rating on the firm’s stocks. The analyst expects that a record first quarter,…
Coinbase CEO Armstrong Discloses Plans for Crypto App Store
(Coinbase blog) Coinbase CEO Brian Armstrong has revealed plans to launch a crypto app store that provides third-party apps created by outside software manufacturers. The crypto app store aims to…
Goldman Assigns Coinbase a “Buy” Rating Amid Recent Crypto Rout
Goldman Sachs has recommended its investors to buy Coinbase stock to get exposure to cryptocurrency space, according to CNBC. Strategist Will Nance predicts the stock to jump by as much…
Coinbase Plays Catchup in Latest Move to Add Dogecoin, other Cryptos on its Platform
Coinbase will add dogecoin to its platform in the next six to eight weeks, according to the Financial Times. CEO Brian Armstrong says the move aims to catch up with…
$335 Billion Volume Was Traded on Coinbase in the First Quarter
Crypto exchange Coinbase reported in their press release that about $335 billion volume was traded on its platform in the first quarter. The exchange controlled $223 billion worth of assets…
Coinbase Stock Upgraded to $434. Seen as an Enabler of Crypto Adoption
Oppenheimer has assigned crypto exchange Coinbase an “outperform” rating with $434 price target, according to The Fly. Analyst Owen Lau sees the exchange as a crypto innovation enabler that addresses…