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The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times the previous year. In addition, Coinbase’s trading volume grew more than 8.5 times from the previous year, and the number
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“This marketing strategy worked, and the implication is Coinbase could have just signed up enormous new users in 1Q22, at a reasonable cost,” according to Oppenheimer’s Owen Lau. Lau, who maintains an outperform recommendation on the stock, said in a note to clients that this may lead to a jump
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At least one analyst is urging investors to overlook quarterly trading fluctuations and focus on the larger industry trends. “Some of the near-term themes have similarities to HOOD [Robinhood] as trading engagement slowed in the quarter from a record first half, deflating some of the first-half enthusiasm,” JMP Securities’ Devin
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“We’ve flirted with bringing crypto back into our project for a while now, but there were always obstacles in the way,” Current Chief Technology Officer Trevor Marshall told CoinDesk in an interview. “When DeFi really took off in 2019 we were able to get over a lot of the technical
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Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase's spot markets for the first time.According to CoinGecko, dYdX has facilitated more than $4.3 billion worth of trades
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Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin lingers in "price stability"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $46,530 on Bitstamp overnight, its lowest since Aug. 27.With
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Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s revenue beat analyst predictions — with industry standard financial estimators Refinitiv
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Brett Redfearn, the former director of the division of trading and markets at the United States Securities and Exchange Commission (SEC), has reportedly left his position at Coinbase after less than five months.According to a Wall Street Journal report, Redfearn resigned as the head of Coinbase’s capital-markets group at the
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April 14 was considered by many crypto enthusiasts all over the world as a watershed moment for the digital asset industry, as it marked the day when Coinbase, one of the largest crypto trading platforms in the world, made its debut on Nasdaq via a direct listing. As one can
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Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis. Fully diluted refers to the total number of common shares outstanding and available to trade on the open market after all possible sources of conversion. But some
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