Coinbase

Coinbase shares plummeted nearly 25% in early trading Wednesday morning and hit their lowest level ever. Coinbase stock is now down more than 75% this year and ...

Coinbase said in its earnings report that about 48% of its transaction revenue came from bitcoin and ethereum in the quarter. The company said that "in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors." "The first quarter of 2022 continued a trend of both lower crypto asset prices and volatility that began in late 2021," Coinbase said in a letter to shareholders.

Coinbase and Crypto.com are two popular crypto exchanges that give investors access to top coins, along with extra ways to earn rewards.

Crypto.com, on the other hand, has a richer suite of crypto-related products and services if want to integrate crypto more into your life. - Pay: Use the Crypto.com network toreceive paymentsas part of your business, or to buy goods and services from others. However, with Crypto.com you need to allocate coins to its Earn feature, while Coinbase allows you to earn staking interest just by holding the coins. Coinbase also offers you the chance to earn free coins by learning about them. Coinbase makes it a point to tout its security measures, and offers educational articles to help you use tools like multifactor authentication to better secure your account. Navigating how Crypto.com’s fees work and how to access the discount by paying fees with CRO can be difficult. For example, the flat fee on a transaction of $10 or less is $0.99, but the flat fee on a transaction amount between $50 and $200 is $2.99. Beyond a flat fee, you can be charged a percentage of the transaction based on payment method. In addition to the exchange’s custodial wallet, you could use the platform’s decentralized wallet where you maintain control of your password and keys. You can also use the Coinbase Wallet on your mobile device or as a browser extension. So if you’re just getting started and only want to invest a few hundred dollars to start, that could present some complexity if you later decide to cash out with less than that amount. While Crypto.com does offer some unique additional options that could appeal to more advanced investors, we think Coinbase is a better option for most people. Coinbase does charge higher fees than other cryptocurrency exchanges, but experts we’ve talked to say the fees are worth the security, simplicity, and reliability of the most popular exchange.

The company said revenue fell 27% from the year-ago period, and usage on Coinbase declined from the fourth quarter.

The firm slashed its price target to $171 from $258. Usage on Coinbase declined from the fourth quarter. Total trading volume declined from $547 billion in the fourth quarter to $309 billion.

Several investment firms cut their price target on Coinbase's stock this morning but noted that the shares are trading in 'oversold' territory and expressed ...

The number of monthly transacting users also fell to 9.2 million, a decrease of 2.2 million from Q4. The exchange’s total trading volume shrank from $547 billion in the fourth quarter of 2021 to $309 billion. The bank has lowered its 12-month target for the stock from $240 to $80.