Coinbase
Fed Minutes Show Most Members Approve 25BPS Rate Hike; Counsel Says Voyager’s Binance US Sale Plan ‘Full Steam Ahead’
The latest FOMC minutes reveal that almost all Fed policymakers favored easing rate hikes to a quarter percentage point. Plans to wind up Voyager Digital by selling assets to Binance US are "on track," an attorney for the bankrupt crypto lender told a New York court on Wednesday. Coinbase (COIN) topped fourth-quarter earnings estimates Tuesday evening, but shares are sharply lower Wednesday alongside a sizable pullback in crypto.
Coinbase Stock Tumbles 6%; Bitcoin Also Lower
Wednesday’s move lower may have less to do with the company’s earnings and more to do with a 4% slide in the price of bitcoin.
Coinbase Q4 Revenue Beat Expectations but Transaction Volume Falls 12% From Q3
Crypto exchange Coinbase (COIN) reported Q4 net revenue of $605 million, ahead of analyst estimates of $588 million. The number is up 5% from $590 million in the third quarter but its transaction volume fell 12% quarter-over-quarter to $322 million. "First Mover" hosts break down Coinbase's earnings report.
Coinbase Transaction Volumes Falls 12% in Q4
Crypto exchange Coinbase's Q4 earnings exceeded expectations, but the transaction volume fell 12% quarter-over-quarter. Pastel Network Co-founder Anthony Georgiades weighs in on this decline, citing Coinbase's "hyper-growth areas" are coming under regulatory scrutiny inside the U.S.
What Coinbase's Q4 Earnings Mean For Crypto
Coinbase (COIN) reported Q4 net revenue of $605 million, ahead of analyst estimates of $588 million and up 5% from $590 million in Q3. Pastel Network co-founder Anthony Georgiades discusses the crypto exchange's latest earnings report and its implications for the crypto industry. Plus, the minutes of the Fed's February 1st meeting will be published later today.
Coinbase Off to a Good Start in 2023: JPMorgan
One of the biggest contributors to revenue in the fourth quarter was from Coinbase’s relationship with Circle, the report said.
Coinbase Q4 Revenue and Earnings Beat Expectations, but Transaction Volume Falls 12% From Q3
The crypto exchange reported its fourth-quarter earnings on Tuesday after the close.
Coinbase Exec: US Congress Needs to ‘Step Up’ Its Crypto Regulatory Efforts
Chief Policy Officer Faryar Shirzad said the exchange would “love to register” its two dormant broker-dealers, but the reality is no clear direction has been provided by lawmakers on Capitol Hill.
Coinbase Investors Prepare for Another Likely Disappointing Quarter
The crypto exchange is expected to report a slight drop in quarterly revenue from the third quarter, and a 61% drop in revenue in 2022 from the previous year.
Coinbase Chief Policy Officer on Staking Services Outlook
SEC Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the U.S. and cough up a $30 million fine. This comes as Coinbase CEO Brian Armstrong tweeted that his exchange's staking services are not securities and "we will happily defend this in court if needed." Coinbase Chief Policy Officer Faryar Shirzad joins the conversation.