Coinbase Stock News

Crypto exchange Coinbase Global Inc (NASDAQ: COIN ) projects that the annual interest earned from staking Ethereum (CRYPTO: ETH ) could double over the next few months. What Happened: In a note to clients on Thursday, Coinbase said it expects Ethereum staking yields to increase after Ethereum’s mainnet merges with the Beacon Chain in June, seeing as the rewards will incorporate net transaction fees paid to miners. “We estimate that staking yields could rise from around 4.3%-5.4% APR to upwards of 9%-12% APR,” said Coinbase. Coinbase expects ETH staking yields to … Full story available on Benzinga.com

Coinbase Global Inc. said that so-called altcoins -- tokens other than Bitcoin and Ethereum -- made up 68% of trading volume in the fourth quarter, the highest percentage yet for the largest U.S. cryptocurrency exchange.

February 25, 2022 7:53 AM NEW YORK (BLOOMBERG) - Coinbase Global shares slumped about 3 per cent in post-market trading after the biggest US cryptocurrency exchange cautioned that trading volume will decline in the first quarter.

Coinbase Global Inc (NASDAQ:COIN) reported fourth quarter …

While the cryptocurrency exchange reported $2.5 billion in quarterly revenue, surpassing consensus estimates, it also sees signs of a slowdown in the first quarter.

The company boosted net income as the cryptocurrency fluctuated.

Benzinga’s after-hours earnings roundup aims to deliver quick details about a company''s earnings report, its forward-looking guidance and any other notable details. The list is handpicked by the reporters on the Benzinga Pro Newsdesk team. Coinbase Global (NASDAQ: COIN ) reported quarterly earnings of $3.32 per share. The company reported quarterly sales of $2.50 billion, which beat the analyst consensus estimate of $1.91 billion by 30.89%. Shares are trading 3.02% lower after-hours to $174.14. Carvana (NYSE: CVNA ) reported quarterly sales of $3.75 billion, which beat the analyst consensus estimate of $3.53 billion by 6.32%. Shares are trading 14.31% lower after-hours to $108.00. Rocket Companies (NYSE: RKT ) reported quarterly earnings of $0.32 per share, which missed the consensus estimate of $0.37 by 13.51%. The company reported quarterly sales of $2.44 billion, which missed the analyst consensus estimate of $2.63 billion by 7.41%. Shares are trading 2.25% lower after hours to $11.

A Year Later, The Fact Fedwire Is Still There Tells Us Why Markets Have Done What They''ve Done Authored by Jeffrey Snider via Alhambra Investments, The world seemed to have everything going for it, for once, everything coming up favorable for the first time seemingly in forever. There were vaccines, financial government interventions worldwide just recklessly chucking money at anyone with a pulse, an end to the pandemic even normalcy right in front of us. What could possibly have messed this up? It was around 11:15 in the morning, Eastern Time, an otherwise totally nondescript Wednesday when something went wrong deep inside the computerized guts of the domestic interbank settlement system. No single thing, these settlement processing arrangements are interlocking sets of algorithmic-heavy progressions linking banks, financial markets of very kind, and trillions in volume every day for every possible money and financial purpose. It was like someone just up and pulled the plug on something called Fedwire .

Coinbase Global (COIN) shares nosedived 6% during afterhours trading Thursday following above-consensus fourth-quarter results.It expects subscription and services revenue to decrease in…

The crypto exchange’s trading volume hit $547 billion, a nearly 70% quarter-over-quarter increaseThe post Coinbase Reports Sharp Revenue, User Growth in Q4 appeared first on Blockworks.

Coinbase Global Inc. shares fluctuated in post-market trading after the biggest U.S. cryptocurrency exchange reported fourth-quarter revenue that beat estimate, while cautioning that trading volume will decline in the first quarter.

What happened: An anonymous cryptocurrency wallet holding $50,363,399 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qchzmwyr8lqj9vyte9vgv2qgf0nl7v0wm9r7pgz You can view more details about the transaction here . Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds … Full story available on Benzinga.com

What happened: An anonymous cryptocurrency wallet holding $158,345,141 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qtsdx56ga05rdcla0vxzan8385j5nkc0zx8s7t5jdye46a4gnrh2s86cmha You can view more details about the transaction here . Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds … Full story available on Benzinga.com

On Wednesday, Ark snapped up shares of Twilio, Roblox, Coinbase and JD.com. It sold Twitter and Palantir Technologies.

Coinbase Global Inc (NASDAQ: COIN ) reports earnings after the market closes on Thursday. On CNBC''s " Options Action ," Tony Zhang said the market is currently implying “a whopping 12.7% move on this earnings.” This compares to the 4.6% move … Full story available on Benzinga.com