Coinbase has seen heightened volatility but posted strong 2024 growth, with revenues up 143% and net income up 373%. The subscription and services segment grew 70.8% YoY, showing high margin potential and reliability, akin to Apple's services revenue. The subscription and services business is worth the entire market cap.
Coinbase's stock has erased its post-election gains, but early technical bottoming signs and strong fundamentals make it an attractive buy opportunity. Technical analysis shows bearish trends, but positive divergence in indicators suggests a bottom is near, with declining bearish momentum. Q4 earnings were strong, and Q1 is expected to be healthy despite some growth moderation, indicating robus...
Coinbase reported a stellar Q4-24 with revenue just under $2.2 billion, significantly beating analyst expectations and my own estimates. Despite a 40% stock drop, I now see COIN as a compelling long-term investment, driven by stablecoin growth and diversified transaction revenue. Q4-24 saw a surge in transaction revenue from 'other crypto assets,' reducing reliance on Bitcoin and Ethereum, and ...
I am upgrading Coinbase (COIN) to a buy due to its strong sales and earnings power, coupled with technical support on the chart. Despite recent stock volatility, COIN's forward P/E ratio is now under 20x, and it trades at a discount to its long-term price-to-sales ratio. Regulatory concerns and competition remain risks, but with high free cash flow and planned tech investments, COIN is position...
It's shaping up to be another rocky week of trading, and the volatility will probably keep Cathie Wood busy. The co-founder, CEO, and ace stock picker for Ark Invest tends to be active when the market's moving one way or another.
Coinbase CEO Brian Armstrong says stablecoins should be able to pay interest to consumers, and that banks and crypto companies should be able to do the same. Language in the current proposed stablecoin legislation, both the House's STABLE Act and the Senate's GENIUS Act, specifies stablecoin issuers may not pay interest to users.
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