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"COIN's business is significantly correlated to crypto asset prices, trading volumes, and volatility," they wrote. "COIN's monthly trading volumes have seen a fairly consistent drawdown each subsequent month since November 2021, and there remains low visibility into either a stabilization or rebound in retail trading volumes over 2023 given the
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“Cowen Digital is actively hiring and expanding our team in a strategic build over the next five years,” Eric Rose, Cowen’s managing director and head of Cowen Digital execution said in a statement. “Despite recent volatility in the sector, we continue to see growth and investment opportunities for the long-term,"
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Reflecting those disappointing quarterly results, the Cowen team lowered its 2022 revenue estimate for Marathon to $150 million from $204 million, now below the consensus forecast for $189 million. Cowen also dropped its expectations for adjusted EBITDA to $39 million from $86 million, and mining profit to $91 million with
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While it’s still early innings for crypto, management teams at leading fintech companies regard stablecoins and possibly central bank digital currencies (CBDCs) as more “elegant” than bitcoin (BTC) with respect to payments, according to a research report from financial services firm Cowen (COWN). Source
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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The bullish call on SPCE stock comes despite the Virgin Galactic’s operations having been severely affected by the ongoing coronavirus pandemicVirgin Galactic Holdings Inc (NYSE: SPCE) stock was trading 2% up, around $17 during Monday’s premarket. Now it is 1.26% up, at $17.68. Although not a huge spike as observed
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