COIN - Coinbase Global, Inc.
Pre-Market:
| Previous Close | 53.26 |
| Open | 52.21 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 800 |
| Day's Range | 51.96 - 55.05 |
| 52 Week Range | 31.55 - 116.30 |
| Volume | |
| Avg. Volume | 16,489,339 |
| Market Cap | 12.106B |
| Beta (5Y Monthly) | 2.59 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -9.53 |
| Earnings Date | Aug 07, 2023 - Aug 11, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 0.39 |
Yahoo FinanceKevin O'Leary says if Coinbase CEO worked for him, 'I'd fire him'
O’Leary criticized Coinbase leadership for “butting heads” with the SEC — which on Tuesday sued the cryptocurrency exchange for acting as an exchange, a broker, and a clearing agency without registering.
Yahoo Finance VideoSEC suing Coinbase: What does it mean for crypto regulation?
As the SEC sues Coinbase and Binance, Brendan Pedersen, Punchbowl News Financial Services Reporter and Author of The Vault newsletter, joins Yahoo Finance Live to discuss how these lawsuits could help shape crypto regulation.
Motley FoolIs Coinbase Global Stock a Buy Now?
Coinbase Global's (NASDAQ: COIN) stock plunged 12% on Tuesday after the Securities and Exchange Commission (SEC) sued the cryptocurrency exchange for "operating as an unregistered securities exchange, broker, and clearing agency." The SEC alleges that Coinbase made "billions of dollars" by "unlawfully facilitating the buying and selling of crypto asset securities," and its failure to operate as a registered exchange "deprived investors of significant protections." The SEC's move wasn't surprising since it had just filed a suit against Coinbase's competitor Binance a day earlier based on similar allegations.
- The Telegraph
Binance suspends US dollar deposits amid Biden crypto crackdown
Binance is to block dollar withdrawals from its US cryptocurrency exchange within days amid a crackdown by the Biden administration on the industry.
BloombergA New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown
(Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. In the US, crypto firms are turning to a handful of smaller regional lenders to open bank accounts. Customers Bancorp Inc., a Pennsylvania lender, has become a popular destination. Swiss and Asian banks are also playing a bigger role, though they still remain selective about their crypto cl
BloombergBinance.US Set to Be Cut Off From Banking System After SEC Lawsuit
(Bloomberg) -- Binance.US is being cut off from its banking partners in the fallout from a Securities and Exchange Commission lawsuit against the cryptocurrency exchange.In an email to customers, the platform said its payment and banking partners have signaled an intent to pause US dollar fiat channels as early as June 13. That means “our ability to accept USD fiat deposits and process USD fiat withdrawals will be impacted,” the company said, while adding that it maintains 1:1 reserves for all c
- Investing.com
Binance.US suspends USD deposits, warns of withdrawal halt amid SEC suit
Investing.com-- Binance.US, the American arm of the global cryptocurrency exchange Binance, announced that it will suspend dollar deposits and warned its customers of a potential halt to withdrawal channels by as early as next week, as it grapples with increased regulatory pressure.
CoinDeskFirst Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout
ALSO: Valkyrie's chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year.
CoinDeskSolana Foundation: SOL is 'Not a Security'
SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase.
CoinDeskCan Binance Survive the SEC's Charges?
After news broke that the U.S. Securities and Exchange Commission (SEC) is suing Binance, the Chief Executive of the world’s largest crypto exchange, Changpeng Zhao (aka CZ), took to a familiar strategy: tweeting. CZ’s first Twitter communiqué was just the number “4,” posted around the same time SEC Chair Gary Gensler was likely cleaning up for the first of several TV interviews. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond.
ZacksThe Great Divide: How the SEC's Crypto Crackdown Shapes a Bifurcated Market
Earlier this week, the SEC sued two of the world's largest crypto exchanges. Despite the negative news, some segments of the crypto space are poised to move higher.
- Reuters
WRAPUP 1-Crypto companies made 'calculated' decision to flout rules, says SEC chair
The chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a "calculated economic decision" to flout its rules. Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the "vast majority" of crypto tokens meet the test for being a security and should be registered with the SEC. "They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business."
BloombergBitcoin Liquidity Worsens on Crypto Exchange Binance.US After SEC Suit
(Bloomberg) -- Liquidity on one of the most prominent crypto exchanges has worsened in the wake of head-turning regulatory actions by US officials.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBitcoin bid-and-ask depth on Binance
Motley FoolCathie Wood Goes Bargain Hunting: Why She's Scooping Up $21 Million of Coinbase Stock
Ark Invest CEO Cathie Wood bought more Coinbase (NASDAQ: COIN) stock after a recent pullback. Ark purchased new shares worth roughly $21.6 million on June 6 for three of its exchange-traded funds (ETFs). The big purchases came on the same day that the Securities and Exchange Commission (SEC) triggered big sell-offs for the stock by announcing it had filed a suit against Coinbase for operating as an unregistered trading exchange.
ZacksTime to Buy the Dip in Crypto ETFs?
Bitcoin recently made a comeback despite the SEC's regulatory actions against Coinbase and BInance. Cathie Wood's buying-the-dip move bolstered the confidence in the space.
Motley FoolWhy Coinbase, Riot Platforms, and Cipher Mining Are Falling This Week
Shares of many crypto stocks and cryptocurrencies fell this week as the Securities and Exchange Commission (SEC) continued to crack down on the industry. Shares of Coinbase (NASDAQ: COIN) are trading more than 16% lower for the week as of 11:39 a.m. ET Thursday, according to data from S&P Global Market Intelligence. Meanwhile, shares of the Bitcoin-mining company Riot Platforms (NASDAQ: RIOT) traded nearly 9% lower, while shares of Cipher Mining (NASDAQ: CIFR) were down roughly 11.6%.
Motley FoolCoinbase CEO Brian Armstrong Is Battling for Crypto's Future
The Securities and Exchange Commission recently sued Coinbase, alleging the company is operating an unregistered exchange, broker, and clearing agency.
BloombergCathie Wood Says Binance Legal Woes Good for Coinbase
(Bloomberg) -- Cathie Wood said Binance Holdings Ltd.’s US legal problems will benefit its rival Coinbase Global Inc. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapThe world’s two biggest cryptocurrency exchanges are facing a reg
CoinDeskCoinbase Shares Are 'Uninvestable' in the Near Term: Berenberg
The investment bank cut its price target on the stock to $39 from $55.
CoinDeskProviding Regulatory Clarity (Binance and Coinbase Edition)
The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward.
CoinDeskFirst Mover Americas: SEC-Targeted Tokens Tumble
The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Motley FoolDo You Own Solana, Cardano, or Polygon? The SEC Wants to Control Your Crypto
The SEC says many cryptocurrencies are actually securities. Find out how the security vs. commodity debate could impact your crypto investments.
CoinDeskBitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase
Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.
ReutersAnalysis-US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice
WASHINGTON (Reuters) -Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world's largest crypto exchanges, for allegedly breaching its rules. The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities and which should have been registered, while on Monday it also accused Binance, the world's largest cryptocurrency exchange, of offering 12 cryptocurrency coins without registering them as securities.
CoinDeskDeFi Unfazed by SEC's Classification of Tokens as Securities
These forces will likely only drive “more financial activity to DeFi,” one trader said.
