Coinbase Shares Jump 8% on S&P 500 Inclusion
The company is set to join the broad-market stock index on May 19, replacing Discover Financial.
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The company is set to join the broad-market stock index on May 19, replacing Discover Financial.
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.
Coinbase logo in Times Square (Robert Nickelsberg/Getty Images)
Coinbase’s (NASDAQ: COIN) Layer-2 (L2) network Base is one of the most popular second-layers built on top of Ethereum (ETH). … Continue reading
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British banking giant Barclays has upgraded both Coinbase (COIN) and Robinhood (HOOD) to equal weight from underweight, citing better business models.
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
Coinbase (COIN) reported second-quarter earnings on Thursday.
Analysts expect Coinbase’s earnings to take a hit in the second-quarter as trading volume slowed down from the prior months. (PiggyBank/Unsplash)
Meme coins have been increasingly seen as a way to bet on the growth of the underlying network they are issued on.
The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.