Tag: Coinbase

Coinbase Records Increase in Q4 2022 Revenue but There’s Catch

Coinbase claims that Q1 is already showing improvements over Q4. Despite recording a 5% increase in its Q3 earning, crypto exchange Coinbase Global Inc (NASDAQ: COIN) still has some negative reports to take away from its Q4 revenue. According to its earnings report, Coinbase made $605 million in revenue in the third quarter of 2022. While that is ahead of the $588 million that analysts projected, it also signals that the exchange did better than it did in the third quarter when it made $590 million in net revenue, says…

Coinbase staking ‘fundamentally different’ to Kraken’s — chief lawyer

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The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase’s head lawyer. Paul Grewal, Coinbase’s chief legal officer, made the comments in his response to a shareholder question regarding its staking services during a Q&A session on the exchange’s fourth-quarter results, noting: “The staking products that we offer on Coinbase are fundamentally different from the yield products that were described in the reinforcement action…

Coinbase beats Q4 earnings estimates amid falling transaction volume

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United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline. Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by Wall Street analysts Transaction volumes decreased 12% compared to the prior quarter, however, Coinbase pointed to a 34% increase in subscription and service revenues as the reason for its 5% total revenue growth for the quarter.   Our Q4 and FY’22 financial results are in. Our letter…

Ark Invest Purchased Total of 133,321 Coinbase Shares Last Week, COIN Up 17% on Friday

Ark Invest increased its Coinbase shares holding via its two ETFs, ARKK and ARKW, spending more than $20 million on COIN since January. ARK Investment Management LLC (Ark Invest) is already enjoying dividends on the Coinbase (NASDAQ: COIN) shares it purchased last week. Between February 13th and 17th, the investment management firm bought a total of 133,321 shares in the crypto exchange. However, reports have stressed that Ark Invest bought the Coinbase shares on Monday and Tuesday, with no buy or sell activity for the rest of the week. Coinbase’s shares closed…

Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status – Regulation Bitcoin News

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Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency Regulation The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN), Brian Armstrong, has called on Congress to pass clear crypto legislation. He tweeted Wednesday: America risks losing its status as a financial hub long term, with no clear regs on crypto, and a hostile environment…