Base mulls launching tokenized COIN stock
The plans are not yet concrete as Coinbase is awaiting regulatory clarity on securities tokenization. Go to Source
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Crypto ‘eating TradFi’s lunch’ as $5.75B Coinbase revenue beats Nasdaq
Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management. Go to Source
Coinbase stock breaks $300 for first time since 2021
The crypto exchange is one of the big winners from the United States elections on Nov. 5. Go to Source
Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares. Go to Source
Coinbase Aims to Raise $1 Billion Through Convertible Bond Sale as Shares Spike
Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital and capital expenditures.” Coinbase … Read more
Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S. Securities and Exchange Commission (SEC). Since August … Read more
Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will … Read more
Coinbase junk bonds tank amid market rout and creditors’ fears
“Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet,” assured Coinbase CEO Brian Armstrong. Go to Source Powered by WPeMatico
Jim Cramer: Coinbase stock is cheap, put 5% of your portfolio in crypto
Jim Cramer, the host of CNBC’s Mad Money thinks Coinbase is the “natural repository of crypto” and has recommended buying the stock. Go to Source Powered by WPeMatico
Kraken rethinks direct listing plan following Coinbase’s lackluster performance
Kraken CEO Jesse Powell is having second thoughts about a direct listing in light of Coinbase going public, and is potentially leaning towards an IPO instead. Go to Source Powered by WPeMatico
