Coinbase Global, Inc. Stock News

Coinbase Global on Tuesday renewed its call for U.S. banking regulators to clarify or revise their position on banks offering cryptocurrency services as well as potentially doing tie-ups with companies in the digital assets sector.

The crypto market has had a strong start to the year, continuing its upward trend from 2024. One cryptocurrency stock that could be poised for significant growth is Coinbase (COIN -0.98%), which is up over 8% this year as I write this.

Coinbase is reportedly lobbying American regulators to make bank-cryptocurrency partnerships more feasible. The country's largest crypto exchange called on banking regulators to clarify or amend their rules to allow banks to offer crypto custody and trading execution services, Bloomberg reported Tuesday (Feb. 4).

Stocks have pulled off a massive V-shaped rally in today's trading session.

Coinbase says it is now the largest registered digital assets company in the U.K. That milestone, announced by the cryptocurrency exchange Monday (Feb. 3), follows Coinbase's receipt of virtual asset service provider (VASP) registration from the U.K.'s Financial Conduct Authority (FCA). This will allow Coinbase to offer both crypto and fiat in Great Britain, its largest international market.

MicroStrategy and other crypto-related stocks fall as the market reacts to a global trade war.

For Q4 2024 earnings, Coinbase is expected to beat Wall Street revenue estimates by 26% and EPS estimates by 407%. Our projections suggest a revenue of $2.0 billion and EPS of $5.73. Consumer volumes surged in Q4 2024, while institutional adoption and diversified revenue streams supported stability. FASB accounting changes will boost profits by an additional ~$600M. Coinbase's anticipated March...

Coinbase Global's (COIN -3.31%) stock more than doubled over the past 12 months. Most of that growth was driven by the warming cryptocurrency market, which attracted more investors as interest rates declined.