7-Mar-2025
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Trump kicks off first-ever White House crypto summit with industry titans
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Benzinga (Fri, 7-Mar 12:13 PM ET)
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Coinbase Global - Class A trades on the NASDAQ stock market under the symbol COIN.
As of March 7, 2025, COIN stock price climbed to $217.45 with 7,760,132 million shares trading.
COIN has a market cap of $55.21 billion. This is considered a Large Cap stock.
Last quarter Coinbase Global - Class A reported $2 billion in Revenue and $3.39 earnings per share. This beat revenue expectation by $442 million and exceeded earnings estimates by $1.58.
In the last 3 years, COIN traded as high as $349.75 and as low as $31.55.
The top ETF exchange traded funds that COIN belongs to (by Net Assets): VTI, VO, VXF, VUG, VOT.
COIN has underperformed the market in the last year with a price return of -10.4% while the SPY ETF gained +13.2%. COIN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -36.7% and -7.6%, respectively, while the SPY returned -4.9% and -4.0%, respectively.
COIN support price is $202.89 and resistance is $225.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COIN shares will trade within this expected range on the day.