COIN

United

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>COIN stock grew over 30% weekly and 129.02% in the past six months, TradingView data shows.</a></li>
 <li><span>2</span> <a>Coinbase Global Inc. has a market capitalization of $39.84 Billion, reflecting a decline of 3.49% YoY.&nbsp;</a></li>
 <li><span>3</span> <a>The global crypto exchange secured 15.46% more revenue than estimated in Q4 2023. Its estimated revenue was $826.10 Million.</a></li>
</ul>
<p>Coinbase Global Inc. published its fourth-quarter earnings, and following the release, COIN stock grew significantly. In the last quarter of 2023, the company secured 15.46% more revenue than estimates. Estimated revenue stood at $826.10 Million.&nbsp;</p>
<p>The estimated earnings per share (EPS) was $0.02 and reflected a 4638.26% surprise.</p>
<p>According to the data available on TradingView, 87.46% of COIN shares are free-floating, and 24.09 Million shares are closely held. Coinbase Inc. generates majority of its revenue from its services for retail, interest, blockchain rewards, and custodial fees.</p>
<p>Despite harsh regulatory compliance in the United States, Coinbase generated over 80%- 85% from the region. Regarding price, COIN stock grew over 30% weekly and 129.02% in the past six months.</p>
<p>On February 15, 2024, COIN stock price opened at $162.08, highest traded at $172.82, and closed after adding $5.29 to its trading prices.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/1wi-sznzoGUr3_bvDbHUZOyvS9KJ6pdJ-NF9_Wz9-0_AzX_uMLBkOF4hho7MT3q8tN9R9m-0LPG8YMdclX1HOpnS7pI3kRlMYur1LabFLla4A0xPpYMbaDxo7EZ5qM9U5UVejXSC1XeN9gkSAxUARL8" alt="Coinbase Global Inc (COIN) Stock Jumps Following Earnings Release">
  <figcaption class="wp-element-caption">
   Source: Coinbase Global Inc (COIN) stock price chart from TradingView&nbsp;
  </figcaption>
 </figure>
</div>
<p>Coinbase Global Inc. has a market capitalization of $39.84 Billion, reflecting a decline of 3.49% compared to the market cap in 2023. The company was founded by Brian Armstrong and Fred Ehrsam, among the leading crypto moguls.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2024/02/15/shiba-inu-price-forecast-shib-price-turn-bullish-what-next/" target="_blank" rel="noopener noreferrer nofollow">Coinbase Inc</a>. is the second most used centralized cryptocurrency exchange, after Binance.</p>
<h2 class="wp-block-heading" id="strong-crypto-market-updates-strong"><strong>Crypto Market Updates</strong></h2>
<p>Earlier this week, the Securities and Exchange Commission (SEC) of the United States rejected an application for Ether spot ETF. However, the Ethereum ETF is expected to get approval this year.</p>
<p>Notably, before the approval of the Bitcoin spot ETF, the SEC rejected over 16 ETF applications, and finally, in January 2024, the regulatory body approved the ETF, which entered the market and gathered billions of dollars into the market in a few hours.&nbsp;&nbsp;</p>
<p>TradingView data states that in the past seven days, the cryptocurrency market’s capitalization grew over 13% to $1.914 Trillion. The highest market cap in the past 52 weeks has been $1.934 Trillion.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/4d6NH-2_hV3s97HOT8ge_HPL8gSFNENDVLgozcWNFDDD1UoPt6plDgFEXdiTiua1D8-nyNumGuuQKHcRNxglKelVuWeJ1O9EvDWwiTcM88pVVdL-jAr8bxAGM5JLo9UMhf1MSEUCZUvtIHOolboDURs" alt="Coinbase Global Inc (COIN) Stock Jumps Following Earnings Release">
  <figcaption class="wp-element-caption">
   Source: Crypto market capitalization chart from TradingView&nbsp;&nbsp;
  </figcaption>
 </figure>
</div>
<p>Bitcoin, the market pioneer, surged more than 10.60% in the weekly time frame and was trading at $52,330 when writing. Several data sources claim that since the beginning of 2024, a positive momentum in adopting cryptocurrencies has been observed.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Coinbase Global Inc (COIN) Stock Jumps Following Earnings Release

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 16, 2024

Bitcoin Open Interest Soars to Highest Level Since April 2022

Why Is Aurora’s Price Surging? Analysts Reveal Expected Profit Targets

XRP's Strategic March Towards $1.4 Amid Bullish Market Trends

AI Hedge Funds Look Beyond Silicon Valley, Aiming to Unearth Next Nvidia

SHIB Projects Set for Enhancements, Reveals Shiba Inu's Lead Developer

FTC Proposes Updates to Regulation in Response to Deepfake Threats

Join our free newsletter for daily crypto updates!