Coinbase shares slide after posting Q4 revenue surge: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin closes the week trading at the $97,000 level. Shares of Coinbase drop after reporting a surge of more than 130% in revenue from last year. Also, Tether CEO Paolo Ardoino reacts to a recent JPMorgan research report suggesting the stablecoin issuer may have to sell its bitcoin to comply with new U.
Coinbase rides crypto bull run to $1.3 billion in Q4 profit
The U.S.’s most prominent crypto exchange reported a surge in revenue and trading volume to close out its second-best year on record. Coinbase almost doubled its net revenue to $2.2 billion in Q4 from the prior quarter, beating analysts’ expectations of $1.8 billion.
Coinbase fourth-quarter profit beats on crypto rally
Unprecedented interest in crypto, fueled by Donald Trump's victory in the November presidential election, pushed bitcoin beyond $100,000 in the quarter as investors anticipated more crypto friendly policies under the new administration.
Coinbase fourth-quarter profit beats estimates on crypto trading boost
Crypto exchange Coinbase beat estimates for fourth-quarter profit on Thursday, driven by higher trading volumes in bitcoin and other digital tokens following the U.S. election.
Coinbase revenue surges more than 130% driven by postelection crypto rally
Coinbase reported better-than-expected fourth-quarter earnings, strengthened by a raging postelection crypto rally at the end of 2024.
Robinhood gains ground in crypto trading, intensifying competition
Robinhood has cemented its foothold in the crypto trading market as its commission-free model attracts price-conscious ...
Coinbase says crypto is seeing ‘dawn of a new era.’ But does Wall Street share its optimism?
Coinbase Global Inc. late Thursday said it is witnessing “the dawn of a new era for crypto” as it revealed 2024 revenue that ...
Stock of the day: GameStop jumps 10% on report it could start investing in crypto
The report comes a week after GameStop CEO Ryan Cohen posted a photo on X of him and the bitcoin evangelist and Strategy ...
Robinhood shares jump 16% as company smashes estimates with 700% crypto trading growth
The amount of funds Robinhood is sitting in also delivering for the company, with net interest revenue growing 25%, to $296 ...
‘Huge opportunity ahead’: Robinhood hits $1 billion revenue, thanks to crypto
Robinhood Markets, the Menlo Park, California-based firm that rose to prominence during the 2021 GameStop short squeeze, ...
A research firm says the speculative mania in crypto is peaking — and it's launched a meme coin to prove it
Investors may not see a good buying opportunity in bitcoin until the crypto's price falls around 20%, according to BCA ...