Since hitting an all-time high of $357.39 in November 2021, it has been a terrible ride for Coinbase (NASDAQ: COIN). The leading cryptocurrency brokerage and exchange operator was devastated by the industry's massive downturn in 2022, a year that saw the company's net revenue decline 57.2% year over year, with an annual net loss of $2.6 billion. Coinbase shares are up a jaw-dropping 85% in 2023 (as of March 29), even outpacing the world's two most valuable digital assets, Bitcoin and Ethereum.
Yahoo Finance crypto reporter David Hollerith discusses Bitcoin's timeline and its steady rise in value over the past year, despite bank failures.
Coinbase (COIN) has named Lucas Matheson as its country director in Canada and said it signed an enhanced Pre-Registration Undertaking with that country’s regulators, according to a Thursday afternoon blog post.