Coinbase Global, Inc COIN Stock Price, News, Quote & History

These tools are supported by a suite of White-label solutions and API interfaces that can power cryptocurrency transactions and services for any business. Coinbase Global, Inc. is among the world’s largest and foremost cryptocurrency exchanges. The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware. Coinbase stock price has crashed into a bear market this year as the crypto industry remains on edge, with most coins crashing. COIN shares plunged to a low of $176 this month, down by almost 50% from…

Coinbase eyes global expansion with Deribit acquisition

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Coinbase Global. Coinbase Global, Inc offers a range of tools for traders and investors. The company offers a primary financial account in the crypto-economy for businesses and consumers alike. The primary account, often referred to as xcritical website a wallet, allows owners to buy, sell, trade, send, and receive cryptocurrencies supported by the platform. Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad.

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Discover which analysts rank highest on predicting the price target of COIN. Discover which analysts rank highest for COIN overall weighted by direction, price target, and price movement. Bitcoin (BTC) price hovers around $87,000 on Wednesday after recovering 4% in the last three days.

Bitcoin price has retreated by over 10% from its all-time high, triggering a bigger sell-off o… COIN analyst views the stock as a balanced risk/reward opportunity for investors and long-term growth winner in the cryptocurrency sector. Select to analyze similar companies using key performance metrics; select up to 4 stocks. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Following the announcement COIN price crossed the $190, trading to reach $47.5 billion market capitalization, bringing its gains for the week to 4.4%. Investors holding the Coinbase stock COIN stand to benefit from the Deribit acquisition deal. According to Bloomberg reports, Deribit engaged a financial adviser in January to explore potential acquisition opportunities after drawing interest from multiple buyers.

Coinbase Is in Advanced Talks to Buy Derivatives Venue Deribit

This suggests the Fed sees the macro tilting towards a stagflation scenario, where inflation rises as economic growth slows. Coinbase Global scored higher than 93% of companies evaluated by MarketBeat, and ranked 126th out of 934 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Crypto stocks have remained on edge in the past few weeks as Bitcoin and other altcoins have pulled xcritical official site back.

• That’s a bit of a relief, which likely gave businesses and analysts some space to rethink their outlooks.
• It offers the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
• Notably, Bitcoin, the largest cryptocurrency by market cap, edged close to the $90,000 mark after falling as low as $79,000 earlier in the month.
• For the current fiscal year, the consensus earnings estimate of $7.32 points to a change of -3.7% from the prior year.
• The company topped consensus revenue estimates three times over this period.

Tether, Bitcoin, XRP, and more cryptocurrencies to watch this week

Please bear with us as we address this and restore your personalized lists. Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. Over the last four quarters, Coinbase Global surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period. Coinbase Global reported revenues of $2.27 billion in the last reported quarter, representing a year-over-year change of +138.2%.

New users may also earn free cryptocurrencies by participating in the company’s education program. The program informs users of new cryptocurrencies and rewards them for their time. Bernstein initiated coverage of the crypto exchange with an outperform rating and a $310 price target. About 41% of Wall Street analysts have a buy rating on the stock, 7% sell and the rest hold, according to FactSet data. Without considering a stock’s valuation, no investment decision can be efficient.

Which stocks are hedge funds and endowments buying in today’s market? Enter your email address and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying now. Armstrong is a co-founder, Chairman of the Board, CEO, and president of Coinbase and the driving force behind the business. One of his many innovations is making Coinbase Global, Inc a “remote-first” business which means there is no official corporate headquarters. The company operates offices in 12 cities around the world, however, and leases space when there is a concentration of employees in a new area. Rosenblatt analyst Chris Brendler initiated coverage on Coinbase Global COIN with a Buy rating and a price target of $305.

An improving regulatory backdrop under Donald Trump’s new administration is viewed as a huge tailwind for digital assets, and the President has promised to make the U.S. the “crypto capital of the world.” Coinbase Global, Inc. (COIN Quick QuoteCOIN – Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. That’s a bit of a relief, which likely gave businesses and analysts some space to rethink their outlooks. Earlier, the administration had hinted at much broader tariffs that could have hit any country placing duties on U.S. imports, so this shift was likely a welcome surprise for the market.

The company employs roughly 5,000 people and serves clients in more than 100 countries. The company lists more than 200 assets for trading and over 350 for custody purposes. While Bloomberg’s latest report suggests negotiations are progressing, it remains unclear whether Coinbase and Deribit have reached a final agreement. The options trading platform was previously reported to be valued between $4 billion and $5 billion, making this one of the most significant acquisition talks in the crypto industry to date.

Asides from a solid instuitonal customer base as the largest options trading plaform for BTC and ETH,  Deribit also holds an active license to operate in Dubai. Against this backdrop, Coinbase’s decision to pursue this acquisition deal appears to be a strategic move to expand into the Middle Eastern market. The crypto industry is expected to join the financial mainstream in the U.S. as the regulatory environment improves, and Coinbase (COIN) is well positioned to benefit from these tailwinds, broker Bernstein said in a report Monday. Here at Zacks, we prioritize appraising the change in the projection of a company’s future earnings over anything else. That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

The company began with the idea that anyone, anywhere should be able to buy and sell Bitcoin and it has grown in tandem with the cryptosphere. Coinbase Global https://dreamlinetrading.com/ IPO’d in early 2021 and listed more than 100 million verified individual users less than a year later. Assets on the platform fluctuate based on the value of the cryptocurrency market but are counted in the $100’s of billions.

The potential acquisition could mark a strategic move for Coinbase, already the largest U.S.-based crypto exchange, as it seeks to strengthen its position in the global derivatives market. There has been a shift in investor sentiment toward bitcoin (BTCUSD) and the broader crypto markets since President Donald Trump, who has backed the industry, was re-elected late last year. Additionally, a more crypto-friendly Congress holds the promise of greater regulatory clarity for the industry that had often criticized the SEC’s previous enforcement-heavy approach.