Coinbase stock

Coinbase Global Inc. swung to a loss in its most recent quarter and posted lower-than-expected revenue, citing the impacts of lower volatility and prices ...

For the second quarter, Coinbase expects that monthly transacting users and total trading volume will be lower than what was seen in the first quarter. That compares with 16% concentrations in each bitcoin and ethereum in the December quarter. Coinbase reported trading volume of $309 billion for its March quarter, compared with $547 billion in the December quarter and $335 billion in the year-prior March quarter. “We believe these market conditions are not permanent and we remain focused on the long term. Retail trading volume was $74 billion, compared with $177 billion in the December quarter and $120 billion a year before. Shares of Coinbase COIN, -12.60%were down 16% in after-hours trading Tuesday after sliding about 13% in the regular session.

Coinbase Global Inc. shares tumbled after first-quarter revenue missed estimates and the largest U.S. cryptocurrency exchange warned that total trading ...

The company’s shares fell about 16% after the close of regular trading. Monthly transacting users fell to 9.2 million, below an estimate of 9.5 million. Coinbase Global Inc. shares tumbled after first-quarter revenue missed estimates and the largest U.S. cryptocurrency exchange warned that total trading volume in the current quarter will be lower than in the first.

Coinbase revenue drops 27% from a year ago, stock slides · Coinbase reported first-quarter earnings after the bell on Tuesday. · The earnings come amid a major ...

Coinbase attributed the rise to higher expenses related to full-time and contractor-related headcount. General and administrative expenses were $414 million, up 39% compared to the prior quarter. It also said that it's focusing on the next generation of crypto opportunities beyond trading. Increased spending also helped to drag down the company's bottom line. Overall, usage on Coinbase declined from the fourth quarter. Bitcoin, the most popular cryptocurrency, briefly dropped below the symbolic price threshold of $30,000 on Monday, and is down more than 30% this year.

Cryptocurrency exchange Coinbase reported $1.17 billion in revenue during the first quarter, missing analyst estimates. Shares plummeted 12% in after-hours ...

First quarter total trading volume was $309 billion, a 44% decrease from the fourth quarter of 2021, which the exchange attributed to market conditions. The exchange has said it wants to diversify from trading fee revenue, moving into futures and derivatives products, prime brokerage offerings, and, most recently, a subscription model that comes with zero-fee transactions. “This doesn’t faze us, because we’ve always taken a long-term perspective on crypto adoption.”

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors' unease ...

- Dick's Sporting Goods:10% off sitewide - Dick's Sporting Goods coupons You may cancel your subscription at anytime by calling Customer Service. Coinbase Global Inc. said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading.

The carnage in the Bitcoin and broader crypto market is leading to the share price of Coinbase and other similar stocks taking a beating.

And unsurprisingly, the share price of other companies that are purely crypto-focused like Coinbase are performing dismally. These companies could experience a further jolt later on Tuesday when Coinbase reports its first quarter earnings. While the NASDAQ index is down around 5.5% over the past five days, the equivalent figure for Coinbase is an eye-watering drop of 35%. Shares of the crypto industry's flagship public company were trading around $80 on Tuesday morning—less than half of what COIN shares fetched in early April, and a far cry from the all-time high of around $350.

Coinbase Global (COIN) stock dropped 14% in Tuesday after-hours trading after the cryptocurrency exchange said its expects its number of monthly transacting ...

Q1 MTUs of 9.2M vs. Q1 EPS of -$1.98 vs. 11.4M in the prior quarter; Q1 trading volume of $309B vs. Q1 adjusted EBITDA of $19.7M dropped from $1.20B in the prior quarter and from $1.12B in the year-ago quarter. Q1 average and was the lowest levels observed since mid-2020. The cryptocurrency exchange's outlook for 2022 is largely unchanged.

Coinbase Global Inc missed estimates for first-quarter revenue on Tuesday and posted a loss as turmoil in global markets curbed investor appetite for risk ...

Retail trading took a big hit, with volumes tumbling 38% to $74 billion, although the institutional side grew 9% to $235 billion. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New ...

Analysts had expected a profit of $2.03 per share on revenue of $8.08 billion, according to Refinitiv. Occidental reported first-quarter earnings of $2.12 per share on revenue of $8.53 billion. Analysts had expected a loss of 21 cents per share on revenue of $645 million, according to Refinitiv. Unity Software reported $320 million in revenue in the first quarter, while analysts surveyed by Refinitiv expected $322 million. The video game company reported quarterly revenue of $1.75 billion, while analysts surveyed by Refinitiv expected revenue of $1.77 billion on average. Roblox reported a first-quarter loss of 27 cents per share on revenue of $631 million.

Coinbase reported declines in revenues, trading volume and monthly users in a first-quarter earnings report that came below estimates.

Besides reporting a declining user base and lower than expected revenue, trading volume on the Coinbase exchange declined from $547 billion to $309 billion in the first quarter, over the same period last year. Crypto exchanges don't offer that same protection—which is the primary reason why crypto enthusiasts advise investors to hold their cryptocurrency in a personal wallet, rather than on an exchange. The setup makes it easier for users to enter their accounts, by remembering an easier password. An individual's ownership of cryptocurrency is supposed to be immutable and absolute; that's one of the key selling points touted by blockchain evangelists everywhere. Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.” Coinbase users would become “general unsecured creditors,” meaning they have no right to claim any specific property from the exchange in proceedings.

Bitcoin is not an inflation hedge and with Coinbase down 84% from its peak, the stock has further to fall.

As soon as the Fed pivoted in November, that was a death knell.” To be fair, Coinbase is not the only financial investment that has lost value. If Coinbase keeps that up for a year it will run out of cash. While Buffett does not know whether Bitcoin will go up or down in the future, he concluded “the one thing I'm pretty sure of is that it doesn't multiply, it doesn't produce anything. Unlike apartments that produce rental income or farmland that produces food, the only way to get value from Bitcoin is to sell it to someone else. According to CNBC, it “uses a complex system of minting and burning tokens to adjust supply and stabilize prices.” For reasons possibly related to the recent crypto sell-off, UST was trading at just 35 cents at 4 a.m. ET on May 11. Along with the drop in Bitcoin’s value, comes the news that another kind of crypto currency is floundering in its efforts to hold a stable value. Last April, I argued that Coinbase was not worth $100 billion — instead $18.9 billion would be a good number. That’s a problem for Bitcoin because UST is supposed to be like a money market fund — to maintain a peg of $1 per coin. Sadly for investors, with its fee of 0.46% being 46 times that of rivals such as Gemini, Bitstamp, Kraken, and Binance, those fees were likely to drop — possibly to zero. UST — the world’s third-biggest stablecoin — claimed that it could hold the $1 peg. With Bitcoin down 53% from that high, another strut holding up the crypto project is crumpling.

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors' unease ...

- Opinion: President Costanza Takes On Inflation You may cancel your subscription at anytime by calling Customer Service. Coinbase Global Inc. said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading.

Of the 12 analysts who released reports on the Bitcoin broker following its results, none changed their rating, and seven still rate it a Buy.

As a result, the stock has fallen 16% in premarket trading Wednesday. “Crypto winter” has arrived and Coinbase Global stock is paying the price after releasing earnings following Tuesday’s close. A ‘Crypto Winter’ Is Here—and Coinbase Stock Is Feeling the Pain

Revenue for the crypto exchange dropped 27% from a year ago as trading on the platform has slowed. Shares of Coinbase Global fell to new lows.

“We are at a point in our evolution where we need to continue investing to drive growth and help grow our sector. At the same time, we will closely monitor market conditions to ensure we are investing our resources as responsibly and wisely as possible. Retail monthly transaction users (MTUs) were down from 11.4 million in the previous quarter to 9.2 million in Q1 2022.

Wall Street analysts lowered share-price targets for the crypto exchange after its first-quarter earnings report.

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.