Coinbase Stock News

Shopify CEO Tobias Lutke joined the board of directors at Coinbase Global Read more.

Tobias Lütke scaled Shopify from a niche online marketplace to a global e-commerce giant.

Bitcoin''s volatility is giving investors an excellent opportunity to get into Coinbase.

Coinbase''s financial performance has impressed. But can the crypto trading platform thrive in volatility?

The country''s largest cryptocurrency trading platform is getting some love from Wall Street.

Robinhood Craters To New Record Low After Another Catastrophic Quarter Unlike last quarter, we didn''t need to look at Robinhood''s 606 filings ahead of earnings. We had a feeling that the results would be ugly (as we predicted last quarter ), and we were wrong: they were disastrous and absolutely horrific. As a reminder, in its dismal guidance last quarter, when the stock imploded, Robinhood slashed its outlook seeing 4Q revenue of just $325M, a huge miss to consensus est. $500.7M, and predicted funded accounts of about 660,000. Well, had RH missed its own guidance, the stock would probably have to collapse to $0. And while it at least managed to come above its own bogey, it once again missed virtually every sellside consensus. Here is what the company reported: Net revenue $362.7 million, missing the estimate $370.9 million Transaction-based revenue $263.9 million, missing the estimate $269.3 million Crypto revenue $48 million, -5.9% q/q, missing the estimate $55.0 million Net Interest revenue $63.4 million, missing the estimate $66.3 million Monthly active users 17.3 million, a slowdown of 8.5% Q/Q, and missing the estimate of 19.9 million While crypto trading has been a core strategy of Robinhood, and its zero-commission transactions have helped it enlist new users, making it a major competitor to cryptocurrency exchanges such as Coinbase, this particular revenue stream has imploded.

Coinbase is a cryptocurrency exchange offering trading, storage, and multiple other features for individuals and businesses.

Photo by Kanchanara on Unsplash This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Following 2021, CoinSmart Financial Inc. (NEO: SMRT), has continued its run of form entering 2022. As a Canadian-headquartered crypto-asset trading platform, the company was recently listed on the NEO Exchange under the ticker SMRT, becoming among the latest crypto stocks to hit the market. As leaders like Marathon Digital Holdings Inc. (NASDAQ: MARA ) and Coinbase Full story available on Benzinga.com

The bank continues to rate the crypto exchange as "buy", while cutting its price target to $288.

Can Coinbases interest in Solana Program Library (SPL) could aid SOLs price rally and further the exchanges mission of listing every allowable crypto.

Here are the biggest calls on Wall Street on Wednesday.

The banks analysts slashed their price target for the stock to $220 from $300.

The U.S. affiliate of cryptocurrency exchange FTX raises $400M in its first external financing round, valuing the company at $8B, with Paradigm, Temasek, Tribe Capital, Ontario

FTX U.S., the American affiliate of cryptocurrency exchange FTX, has raised $400 million in its first external fundraising round.

Grayscale added 25 tokens to those it is considering for investment products, and added AMP to its DeFi Fund while Coinbase listed four small projects.