In the context of surging cryptocurrency prices, should you buy or sell Coinbase stock?

In the context of surging cryptocurrency prices, should you buy or sell Coinbase stock?
фото показано с : invezz.com

2021-9-1 18:06

With Bitcoin (BTC/USD) approaching $50,000 and Ethereum (ETH/USD) mirroring the trend, Coinbase Global has moved to the fore of the cryptocurrency industry. Should you buy or sell their stock after the much-hyped IPO? An analysis by Investor’s Business Daily sheds light on the answer.

Stock up by more than 70% on first day

On April 14, Coinbase was listed on the Nasdaq at $250 a share. Its stock increased by almost 72% to 429.54 on that day before closing at 328.28, generating a valuation of $87.3 billion. In a note to clients, Wedbush analyst Dan Ives wrote:

“The Coinbase IPO is potentially a watershed event for the crypto industry and will be something the Street will be laser-focused on to gauge investor appetite. Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years.”

90% of Coinbase revenue comes from trading and storage service fees

The biggest U.S. cryptocurrency exchange lists about 50 cryptocurrency pairs for trading. While Bitcoin, the coin with the highest market cap, is up just 2% this year, Ethereum has more than doubled in this time. About 90% of the company’s revenue came from storage service and trading fees.

Company predicts 11.3% crypto asset market share by year’s end

The exchange issued an outlook for the full 2021. They expect to have $223 billion assets on platform from 56 million verified users, corresponding to a crypto asset market share of 11.3%. Their Q1 results slightly missed the mark. While Wall Street expected Coinbase to earn $3.07 a share on revenue of $1.81 billion, the actual revenue was $1.801 billion at $3.05 a share. Q2 results were better with the exchange earning $6.42 a share on sales of $2.22 billion. In 2021, Coinbase’s earnings increased by 2,350% y/y.

Stock trading at almost 40% off post-IPO peaks

Due to recent drops, the shares are not forming an IPO base anymore. Analysts suggest keeping an eye out for a new base to form. This would be a reason to buy.

The post In the context of surging cryptocurrency prices, should you buy or sell Coinbase stock? appeared first on Invezz.

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Источник: invezz.com

sell coinbase → Результатов: 126


Fee Analysis for Coinbase’s New Crypto-to-Crypto Conversions

Coinbase recently announced the rollout of a new feature allowing users to directly place coin-to-coin trades rather than going through an intermediary fiat step. However, is it more cost-effective to make direct exchanges? Previous Setup Previously, if a Coinbase customer wanted to purchase Bitcoin using Ethereum, they’d have to first sell their Ether holdings for […] The post Fee Analysis for Coinbase’s New Crypto-to-Crypto Conversions appeared first on CryptoSlate.

2018-12-18 12:28


Фото:

The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets

In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s […] The post The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets appeared first on Bitcoin News.

2018-12-7 17:15


Криптобиржа Coinbase запустила торговлю Zcash

Обновление от 6. 12. 2018: В среду 5 декабря криптобиржа Coinbase провела листинг анонимной криптовалюты Zcash (ZEC) и добавила монету в цифровой кошелек и мобильные приложения. Теперь клиенты торговой платформы могут осуществлять покупку, продажу и хранение токенов ZEC.

2018-12-6 16:07


ZCash теперь доступен в кошельке и мобильных приложениях Coinbase

Кошелек и мобильные приложения (iOS и Android) от ведущей американской криптовалютной компании Coinbase теперь поддерживают ориентированную на повышенную приватность цифровую валюту ZCash (ZEC). ZEC is now live on Coinbase and in the Android and iOS apps.

2018-12-6 11:10


Кошелек Coinbase.com добавил поддержку ZCash

Кошелек и мобильные приложения (iOS и Android) от ведущей американской криптовалютной компании Coinbase теперь поддерживают ориентированную на повышенную приватность цифровую валюту ZCash (ZEC). ZEC is now live on Coinbase and in the Android and iOS apps.

2018-12-6 10:33


Токен BAT теперь доступен для покупки и продажи на Coinbase

Криптовалютная компания Coinbase добавила токен Basic Attention Token на свою торговую платформу и в приложения. Ранее о поддержке BAT объявила торговая площадка Coinbase Pro. BAT is now live at https://t.

2018-11-9 11:45


Coinbase добавили Basic Attention Token на биржу и в приложения iOS и Android

Крупнейшая в США криптовалютная компания Coinbase объявила, что токен Basic Attention Token (BAT) теперь доступен для покупки и продажи на платформе Coinbase. com. BAT is now live at https://t. co/bCG11KveHS and in the Coinbase iOS and Android apps.

2018-11-9 10:39


Coinbase добавила токен BAT на свою торговую платформу и в приложения

Крупнейшая в США криптовалютная компания Coinbase объявила, что токен Basic Attention Token (BAT) теперь доступен для покупки и продажи на платформе Coinbase. com. BAT is now live at https://t. co/bCG11KveHS and in the Coinbase iOS and Android apps.

2018-11-9 10:18


Coinbase добавила поддержку стейблкоина USDC

Американская криптовалютная компания Coinbase добавила поддержку стейблкоина USDC от биткоин-стартапа Circle на платформе Coinbase. com и в мобильных приложения для iOS и Android. Coinbase is launching support for the USDC stablecoin.

2018-10-23 20:16


Платежное решение Ink Pay добавлено в Coinbase Wallet

Децентрализованная платформа для p2p-платежей Ink Protocol объявила, что в Coinbase Wallet теперь доступны платежи с помощью приложения Ink Pay, сообщает CoinDesk. Big News! Ink Pay launches on @CoinbaseWallet, creating a trustworthy way to buy and sell on all P2P marketplaces.

2018-8-23 11:18


В Coinbase Wallet появилось платежное решение Ink Pay

Децентрализованная платформа для p2p-платежей Ink Protocol объявила, что в Coinbase Wallet теперь доступны платежи с помощью приложения Ink Pay, сообщает CoinDesk. Big News! Ink Pay launches on @CoinbaseWallet, creating a trustworthy way to buy and sell on all P2P marketplaces.

2018-8-23 10:35


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