Coinbase shares fall 11.2% after profit drop

Coinbase shares fall 11.2% after profit drop

LONDON (Reuters) -Coinbase’s Frankfurt-listed shares tumbled 11% on Friday, a day after the cryptocurrency exchange reported a drop in adjusted profit for the second quarter, as gains in subscription and services revenue were offset by weaker trading activity. Shares in the company fell almost 7% in after-hours trading on Thursday following the release of its…

Read More
Crypto exchange Bullish's US IPO filing reveals quarterly loss

Crypto exchange Bullish’s US IPO filing reveals quarterly loss

(Reuters) -Cryptocurrency exchange Bullish on Friday disclosed a quarterly loss compared to a year-ago profit in its paperwork for a U.S. initial public offering, amid rising investor interest in the sector. Bullish joins crypto exchange Gemini and crypto-focused asset manager Grayscale — both of which have confidentially filed for potential U.S. listings. Uncertainty surrounding President…

Read More
Coinbase Global, Inc. (COIN) Is All About Market Share, Says Jim Cramer

Coinbase Global, Inc. (COIN) Is All About Market Share, Says Jim Cramer

We recently published Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently discussed. Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange that has managed to command a dominant position in the hot Bitcoin market. The firm’s shares have gained 54% year-to-date, particularly…

Read More