COIN


Tech

Is Optimism's 'Superchain' Winning the Ethereum Layer-2 Race?

One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where teams encouraged developers to clone their code to spin up new layer 2s. Now, one project in particular, Optimism, appears to be pulling away as the clear leader.

Optimism Foundation Chief Growth Officer Ryan Wyatt (Optimism Foundation)

Finance

Coinbase Shares Slump After Big Q3 Earnings Miss on 'Softer' Market Condition

The exchange also said it will buyback up to $1 billion of its shares, depending on the market conditions.

Coinbase Asset Management is getting into tokenized money-market funds. (Robert Nickelsberg/Getty Images)

Markets

Coinbase, Robinhood Upgraded by Barclays Analyst, Citing 'Matured' Business Models

Both stocks opened the day higher after the British bank published its upgrade overnight.

Barclays has upgraded both Coinbase and Robinhood to equal weight from underweight, citing better business models. (Pcruciatti/Shutterstock)

Videos

How Coinbase Shares Reacted to Q2 Earnings

Crypto exchange Coinbase reported a $36 million profit in Q2, substantially down from the $1.2 billion registered in the first quarter of 2024. According to Kaiko data, revenues were lower than estimated despite exceeding market expectations, and retail volume declined faster than institutional volume. The results sent the price of COIN down 16% for the week. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Recent Videos

Markets

Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

Coinbase (PiggyBank/Unsplash)

Finance

Coinbase Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume

The crypto exchange posted better-than-expected revenue mostly due to its sales diversification strategy.

Coinbase (PiggyBank/Unsplash)

News Analysis

Coinbase Earnings Hurt by Low Volume But Trump Could be Wild Card, Analysts Say

The exchange reports second quarter earnings after the market close on Thursday, with revenue and earnings-per-share expected to have decreased from the prior quarter.

Coinbase (PiggyBank/Unsplash)

Finance

Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics

The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.

Bank of America (Taylor Simpson/Unsplash)

Finance

Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin

The stock was the second worst performing among crypto stocks on Thursday.

(Alpha Photo/Flickr)

Finance

Crypto Stocks Like MicroStrategy, Coinbase Could Shoot Up if Short Sellers Exit

They are "very squeezable" due to short sellers' large positions, according to a report by data analytics firm S3 Partners.

Heavily shorted crypto stocks like MicroStrategy could be poised to shoot up. (Mediamodifier/Pixabay)

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