Coinbase Stock News

If you''ve been on the fence about this stock, here''s the news you''ve probably been waiting for.

The non-fungible token market continues to heat up with strong sales volume on OpenSea, an NFT marketplace for buying and selling items. A waitlist for the highly anticipated Coinbase Global Inc (NASDAQ: COIN ) NFT marketplace has more than 2.5 million people signed up, which could increase the valuation and demand for NFT projects. Every week, Benzinga takes a look at the top 10 NFT projects by sales volume. Here is a look at the top 10 NFT projects from the past week, as reported by CryptoSlam . Invisible Friends : $57.5 million, N/A 3Landers : $42.2 million, +289.4% Tubby Cats : $37.8 million, N/A Bored Ape Yacht Club : $25.6 million, +49.7% Mfers : $18.6 million, -4.6% NFT Worlds : $16.6 million, -20.0% Azuki : $15.1 million, -58.3% CloneX : $14.7 million, -12.0% Starcatchers : $14.4 million, N/A Howlerz : $13.9 million, N/A Related Link: Invisible … Full story available on Benzinga.com

A dark week looms for macro markets while the weekend succeeds in providing some respite for crypto traders. Bitcoin ( BTC ) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection. The pair had stayed broadly higher throughout the weekend, cutting traders some slack after a week of volatility at the hands of geopolitics and media headlines. Now, $38,500 was the level to watch for Bitcoin to close out the week and the month — failure to do so would mean a fourth straight monthly red candle. #Bitcoin has less than 36 hours to close above $38.5k in order to break the streak and avoid having 4 straight red monthly candles https://t.co/PX45GlOLrZ — Matthew Hyland (@MatthewHyland_) February 27, 2022 As Cointelegraph reported , bulls were spared a lower low last week, despite the downside move on the Ukraine invasion, bottoming out at $34,300 versus $32,800 in January. "Cautiously optimistic this is a short to mid-term bottom for BTC," popular trader and analyst Pentoshi continued . "I pulled my 40.3k orders (not great) and will focus higher to 41.6k for de-risking.

Professional investors traded $1.14 trillion worth of cryptocurrencies on exchange Coinbase Global in 2021, up from just $120 billion the year before, underscoring the rapid mainstreaming of cryptocurrencies in recent years.

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The post Executive Leaves Goldman Sachs for Coinbase — Says It’s Time to Embrace Crypto, Create Economic Freedom – Coinotizia appeared on BitcoinEthereumNews.com . An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is…

Top US crypto exchange Coinbase is enduring plummeting trading volume and a decreased number of users in the first quarter of 2022, according to the

Roger Bartlett, a Goldman Sachs executive, announced his departure from the investment bank in a LinkedIn post to join Coinbase Global. Bartlett will serve as the global head of operations for the major U.S. cryptocurrency exchange. The former Goldman Sachs executive is the latest high-ranking veteran to bid adios to Wall Street in favor of […]

Top US crypto exchange Coinbase is enduring plummeting trading volume and a decreased number of users in the first quarter of 2022, according to the platform''s CFO.

Coinbase is the world’s premier cryptocurrency exchange with unmatched trading volume and a long history of industry-leading security. The… Continue reading on Medium »

Coinbase Global, Inc. (NASDAQ: COIN ) reported better-than-expected fourth-quarter results but signaled a slower start to fiscal year 2022. The softer outlook sent the shares of the cryptocurrency exchange lower on Friday. The Coinbase Analysts: Oppenheimer analyst Owen Lau maintained an Outperform rating on Coinbase shares and reduced the price target from $444 to $377. Raymond James analyst Patrick O''Shaughnessy maintained an Underperform rating. Rosenblatt Securities analyst Sean Horgan maintained a Buy rating and $262 price target. Needham analyst John Todaro maintained a Buy rating and reduced the price target from $420 to $360. Coinbase Has Multiple Growth Initiatives, Oppenheimer Says: Coinbase reported revenue ahead of expectations, with subscription and service revenue also exceeding estimates, Lau said. Adjusted EBITDA bettered expectations, reflecting lower-than-expected expenses, he added. The increase in cash balance relative to the previous quarter gives the management optionality for internal development, crypto investment and M&A, Lau said.

The post Coinbase’s Trading Volume Grew 8.5 Times in 2021 — With 89 Million Verified Users – Coinotizia appeared on BitcoinEthereumNews.com . The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times…

With the crypto market in decline since November of last year, Coinbase has not fared well either. However, the company doesn’t believe it should be as far down as it is this year, and is doubling down on its crypto holdings, ready for a new bullish cycle. Since the beginning of the year, the Coinbase price dipped even further than the cryptocurrency average, suffering a 30% decline compared with crypto’s average of 20%. In an article on The News & Observer, Coinbase CFO, Alesia Haas, suggests that her company should not be so correlated to the crypto market ups and downs, and that diversification should negate this more into the future. "We''ve also observed that our stock has been highly correlated with crypto prices, which are down roughly 20% year-to-date. We honestly don''t truly understand this, as this correlation does not take into account the growth in our market share… the diversification of our business beyond investing, and let alone the future potential of our business as we expand into new assets and new product streams," This diversification has become much more significant now according to Haas: "Our emerging revenue stream, which we call our subscription as a services revenues, became more significant.

Coinbase says the number of monthly transacting users rose to 11.4 million at the end of 2021, more than four times the previous year.

Coinbase fell on Friday while Block had its best day in years. This is what''s behind the divergence.