Coinbase Is More Than Just a Crypto Exchange: JMP Securities
Momentum continues to build in the company’s ancillary businesses, the report said.
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Momentum continues to build in the company’s ancillary businesses, the report said.
The cryptocurrency does not operate in a vacuum, and its price is also affected by non-crypto influences, such as macro factors, the report said.
The Ethereum layer-2 chain’s status page warns users of high fees and slowdowns as traders flock to new Base meme coins.
The bank raised its price target for the crypto exchange to $150 from $95.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors.
The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform.
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company’s formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.
Positive drivers such as spot ETF inflows are likely to meet some important macro and technical headwinds in the coming weeks, the report said.
ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF’s value, making such large sell offs necessary when an asset surges in value.