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<ul class="list-ic vertical"> 
 <li> 1 <a>Coinbase Global Inc., a leading crypto exchange, announced its quarterly earnings recently.&nbsp;</a> </li> 
 <li> 2 <a>After being sued by the Securities and Exchange Commission (SEC) in June 2023, COIN stock surprised with an up move.&nbsp;</a> </li> 
 <li> 3 <a>COIN stock price registered a jump of almost 25% after SEC vs Ripple verdict.&nbsp;</a> </li> 
</ul> 
Leading cryptocurrency exchange in the United States, Coinbase Global Inc. (NASDAQ: COIN) reported quarterly earnings. Crypto companies are likely to be crypto dependent and activities in the sector impact them. Coinbase stock price witnessed similar situations akin to the cryptocurrency market throughout the past and enjoyed the rollercoaster ride.&nbsp; 
Last quarter was specifically crucial for Coinbase since it had been sued by the Securities and Exchange Commission (SEC) in June 2023. The financial regulator alleged crypto exchange for unregistered securities offerings.&nbsp; 
Instead of suffering a great deal, which an entity facing charges from the regulator expectedly go through, COIN stock took a surprising up move.&nbsp; 
Coinbase reported $707.9 Million in revenue, though the numbers are relatively less than the previous quarter’s $772.5 Million and $808.3 Million a year ago.&nbsp; 
The company reported a net loss of $97 Million along with posting a positive adjusted EBITDA of $194 Million. Interest income also saw a surge while reporting $201.4 Million for the quarter significantly up from the previous year’s $32.5 Million.&nbsp; 
Coinbase managed its losses as it saw a drop from $1.09 Billion last year to $97 Million this time.&nbsp; 
However, one front where the crypto exchange took a hit was trading volume over the platform. It dropped from $217 Billion a year ago to $92 Billion this quarter.&nbsp; 
Along with the numbers, the Coinbase executives showcased their optimism for the company to win the case against the Securities and Exchange Commission (SEC). The US financial regulator <a href="https://www.thecoinrepublic.com/2023/06/06/sec-sues-coinbase-claims-its-an-unregistered-securities-exchange/" rel="noopener noreferrer nofollow">charged the leading cryptocurrency exchange</a> for offering cryptocurrencies that it cited as unregistered securities.&nbsp; 
<h2 class="wp-block-heading" id="strong-coinbase-coin-stock-price-movement-strong">Coinbase (COIN) Stock Price Movement&nbsp;</h2> 
COIN stock price closed the last trading session at $87.3 after dropping more than 3% on Friday, August 4th. Since the US regulator filed a case against the crypto exchange company, the stock price ran like crazy. At the current price, it is nearly 140% up till July 14, and still high at 80% since the case was filed.&nbsp; 
COIN stock price saw a jump of up to 25% in a day after the Ripple vs SEC <a href="https://www.thecoinrepublic.com/2023/07/13/breaking-judge-rules-in-favor-of-ripple-labs-xrp-not-a-security/" target="_blank" rel="noopener noreferrer nofollow">lawsuit closed </a>on to crucial note with the court affirming that “XRP is not a security.” 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/hW0BZ_Br5Mpjcz1oPG5D5hRm_Qub9E2zbGyv3qDdhiCzseLNfWmF3tAZ1UmFlYXaK9i8tcfi3yjgadL-J4fbp69Dvoeqo9KuH2INVReo5yjsaXFMUveprk3rKeblKqYT25Zswb1pXRRUc8obqw17-A" alt="Coinbase (NASDAQ: COIN) Stock Price Stays Stable Post Earnings"> 
 <figcaption class="wp-element-caption">
 Source – Coinbase Global Inc (NASDAQ: COIN) Stock Price Movement on <a href="https://www.tradingview.com/x/HBeOyrqB/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
The 50- and 200-day moving averages saw a golden crossover at the time of significant surge in the day. COIN stock price is still maintained above the EMA sustaining the momentum higher than the immediate support at $85.&nbsp; 
MACD is showcasing a potential down move in the COIN stock price. RSI is at 64 and the further movement is suggesting retracement ahead.&nbsp; 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Coinbase (NASDAQ: COIN) Stock Price Stays Stable Post Earnings

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Thecoinrepublic.com

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