Should you buy Coinbase stock following recent sell off?
Apr 11, 2022 · What happened. Shares of the large cryptocurrency exchange Coinbase ( COIN -4.05% ) had fallen roughly 4% as of 1:30 p.m. EST today after receiving some negative sentiment from Wall Street and as ...
Is now a good time to buy Coinbase stock?
Feb 25, 2022 · Coinbase stock is down nearly 50% since going public last April, but the majority of analysts have remained bullish on the company, giving the …
Will Coinbase refund if your account is hacked?
Apr 11, 2022 · 10 stocks we like better than Coinbase Global, Inc. When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a …
Can Coinbase stock Turbocharge Your portfolio?
Apr 12, 2022 · What happened. Investors weren't kind to the stock of Coinbase Global (NASDAQ: COIN) on Tuesday. They traded the shares down by 2.6%, a steeper fall than the S&P 500 's 0.3% loss on the day. An ...
NASDAQ: COIN
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What happened
Shares of the large cryptocurrency exchange Coinbase Global ( COIN -1.52% ) traded about 2% lower as of 10:50 a.m. ET today after the company reported fourth-quarter and full-year earnings results for 2021.
So what
Coinbase reported earnings per share of $3.32 on total revenue of nearly $2.5 billion in the fourth quarter, easily beating analyst estimates. Trading volume on the platform hit a record high of $547 billion, while assets on the platform grew to $278 billion.
Now what
Coinbase stock is down nearly 50% since going public last April, but the majority of analysts have remained bullish on the company, giving the stock a median price target of $300, implying significant upside from current levels.
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When will Coinbase go public?
Coinbase, the largest U.S. cryptocurrency exchange, is expected to go public on April 14, via a direct listing on the Nasdaq exchange with the ticker COIN. Although the proposed listing price isn’t known yet, investors expect that valuations could top $100 billion, given the strong interest in cryptocurrencies and the company’s stellar earnings for Q1 2021. In our interactive dashboard Coinbase Revenues: How Does COIN Make Money? we provide an overview of Coinbase’s business model and key revenue streams. Parts of the analysis are summarized below.
How much does Coinbase charge for transactions?
Coinbase charges retail users a spread of about 0.50% for transactions, besides another fee of between 1.5% and 4% depending on how they fund their trades.
What is Coinbase's business model?
Coinbase’s Business Model. Coinbase’s platform enables retail and institutional customers to buy, sell, and store cryptocurrencies such as Bitcoin and Ethereum. The company primarily reaches customers via its Coinbase, Coinbase Pro, and Coinbase Wallet apps and its websites.
How is Bitcoin price affected?
Firstly, with Covid-19 vaccinations picking up in the U.S. and the economy opening up further, investors could be moving funds away from somewhat speculative cryptos to real economy assets.
How much is Bitcoin trading volume in 2021?
The company had a stellar Q1 2021, with estimated Revenues growing to $1.8 billion, with trading volume for the quarter rising to $335 billion as the price of Bitcoin almost doubled year-to-date, causing the number of active monthly traders to surge from 2.8 million at the end of last year to 6.1 million in Q1.
Is Bitcoin in a bear market?
More importantly, Bitcoin, the bellwether cryptocurrency, appears to be headed into a bear market. Bitcoin prices are down by over 20% over the last month and remain about 30% off their all-time highs.
Is Coinbase a sensitive company?
Coinbase’s revenues are quite sensitive to cryptocurrency pricing, as prices influence the number of monthly transacting users on the platform and the total value of transactions. If prices continue to trend lower, this could impact Coinbase’s revenue and profitability for this year.
Is Coinbase going public in 2021?
Coinbase (COIN) went public through a direct listing in Apr. 2021, and soared above the reference price on the listing day. It went on to hit a high of $429.54 but then fell to all-time low of $287.20 on Apr. 22. The stock is now down almost 32 percent from its high. Why is COIN stock falling, and will it recover in 2021?
Is Coinbase a good investment?
Overall, Coinbase stock looks like a good long-term investment based on the digital currencies' growing adoption. However, similar to cryptocurrencies, it would also be a high-risk investment. Advertisement.
Is Coinbase a profitable company?
In 2020, its revenue increased 139 percent to $1.3 billion, and unlike many other recently listed companies, Coinbase is profitable—it posted net income of $322.3 million last year.
When will Coinbase go public?
Coinbase, the largest U.S. cryptocurrency exchange, is expected to go public on April 14, via a direct listing on the Nasdaq exchange with the ticker COIN. Although the proposed listing price isn’t known yet, investors expect that valuations could top $100 billion, given the strong interest in cryptocurrencies and the company’s stellar earnings for Q1 2021. In our interactive dashboard Coinbase Revenues: How Does COIN Make Money? we provide an overview of Coinbase’s business model and key revenue streams. Parts of the analysis are summarized below.
How does Coinbase work?
Coinbase’s platform enables retail and institutional customers to buy, sell, and store cryptocurrencies such as Bitcoin and Ethereum. The company primarily reaches customers via its Coinbase, Coinbase Pro, and Coinbase Wallet apps and its websites. Coinbase had a total of about 56 million retail users as of Q1 2021. Roughly 90% of the company’s revenues (as of 2020) came from the transaction fees from trading and via services such as storage and analytics. Coinbase charges its customers transaction fees (estimated at about 0.5%) based on the volumes that they trade, with larger trades seeing lower fees. The company’s commissions are higher than traditional exchanges, given the higher transaction costs for Bitcoin and other cryptos. About 10% of the company’s revenues come from sales of its own crypto assets to customers.
How is Bitcoin price affected?
Firstly, with Covid-19 vaccinations picking up in the U.S. and the economy opening up further, investors could be moving funds away from somewhat speculative cryptos to real economy assets.
How much does Coinbase charge for transactions?
Coinbase charges retail users a spread of about 0.50% for transactions, besides another fee of between 1.5% and 4% depending on how they fund their trades.
How much is Bitcoin trading volume in 2021?
The company had a stellar Q1 2021, with estimated Revenues growing to $1.8 billion, with trading volume for the quarter rising to $335 billion as the price of Bitcoin almost doubled year-to-date, causing the number of active monthly traders to surge from 2.8 million at the end of last year to 6.1 million in Q1.
Is Coinbase a sensitive company?
Coinbase’s revenues are quite sensitive to cryptocurrency pricing, as prices influence the number of monthly transacting users on the platform and the total value of transactions. If prices continue to trend lower, this could impact Coinbase’s revenue and profitability for this year.
Who is the CEO of Coinbase?
He also pointed to the strong management team at Coinbase and the “aura” around them. Coinbase is led by CEO Brian Armstrong who sold over $290 million worth of COIN stock on listing day. Source: Coinbase Twitter.
Is Coinbase a direct listing?
Coinbase is the second major company to opt for a direct listing in 2021 after Roblox. In 2020, Palantir and Asana also went public through a direct listing. In a direct listing, a company shuns the underwriting process and selling stockholders sell their stocks on the exchange.
Did Jim Cramer sell bitcoins?
Recently, CNBC Mad Money host Jim Cramer said that he has sold some bitcoins to pay a mortgage. He also sounds optimistic about Coinbase stock. He pointed to the “scarcity premium,” which means a lack of other major listed crypto exchanges for his bullish thesis. He also pointed to the strong management team at Coinbase and the “aura” around them. Coinbase is led by CEO Brian Armstrong who sold over $290 million worth of COIN stock on listing day.
