Coinbase Global (COIN) posted its first quarterly profit in two years as trading surged on a new wave of optimism about digital assets, marking a potential turning point for the largest US cryptocurrency exchange. Investors cheered the news, sending the stock of Coinbase up more than 12% in after-hours trading. The stock is down 5% so far in 2024 as of Thursday’s close but has soared 180% over the last year. Coinbase earned $273 million in profits during the fourth quarter, well above analyst… Source link
Read More »Coinbase is ‘executing brilliantly’: Ark Invest’s Cathie Wood
Coinbase (COIN) released its fourth quarter report beating expectations with a revenue of $953.8 million. Bitcoin (BTC-USD) regained its $1 trillion market cap on Wednesday for the first time since 2021. With the rise of bitcoin investing with spot bitcoin ETF approval, many on Wall Street are expressing more interest in the digital asset. Ark Invest CEO and CIO Cathie Wood, a vocal advocate of bitcoin, joins Yahoo Finance to give her insight into the crypto markets, Coinbase’s performance,… Source link
Read More »US needs to catch up on crypto regulation: Coinbase policy chief
Coinbase (COIN) will serve as the custodian for many of the spot bitcoin ETFs that were approved by the US Securities and Exchange commission last week. Coinbase Chief Policy Officer Faryar Shirzad speaks with Yahoo Finance’s Julie Hyman and Brian Sozzi about the approval from the World Economic Forum annual meeting in Davos, Switzerland. Shirzad argues the approval will bring new investors into the crypto community and it “put the SEC on record as blessing an important crypto product.” He… Source link
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