Latest news with #AlesiaHaas
Business Wire
08-08-2025
- Business
- Business Wire
Coinbase to Participate in the Oppenheimer 28th Annual Technology, Internet & Communications Conference
Remote-First-Company/SAN DIEGO--(BUSINESS WIRE)--Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Oppenheimer 28th Annual Technology, Internet & Communications Conference on Wednesday, August 13, 2025, at 10:15 a.m. PT / 1:15 p.m. ET. A live webcast and replay of the virtual session will be available on Coinbase's Investor Relations website at Disclosure Information In addition to filings with the Securities and Exchange Commission, Coinbase uses its Investor Relations website ( its blog ( press releases, public conference calls and webcasts, its X feed (@coinbase), Brian Armstrong's X feed (@brian_armstrong), its LinkedIn page, and its YouTube channel as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Coinbase Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We're updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.
Yahoo
01-08-2025
- Business
- Yahoo
Coinbase stock takes a hit as lower crypto volatility slows trading activity
Coinbase (COIN) stock plunged 14%, its biggest intraday drop since April after the crypto platform high flyer's revenue last quarter took a hit from lower trading volume. Revenue for the company's second quarter increased 3.3% year over year to $1.5 billion. Wall Street was expecting a climb to $1.59 billion. Revenue also slowed from $2 billion in the prior quarter. Total trading volume declined 40% in the second quarter as crypto asset volatility declined. "Despite the average crypto price market cap being roughly flat, we saw shifting macro conditions, including trade policy considerations and recession concerns, impact risk assets broadly. And crypto assets were no exception," Alesia Haas, chief financial officer of Coinbase, said on the company's post earnings conference call. "We saw a divergence between bitcoin and everything else as the average bitcoin price in the quarter was up 6%, whereas non-bitcoin asset market cap declined 11%," Haas added. Coinbase shares hit record highs last month as Bitcoin (BTC-USD) reached new all-time highs and Circle (CRCL), a stablecoin issuer, rallied on optimism surrounding new regulations for US dollar backed digital tokens. Bernstein analysts recently dubbed Coinbase a "one-stop Amazon" of crypto services. On Thursday night, Gautam Chhugani reaffirmed an Outperform rating on the stock with a $510 price target and said in a note that the "quarter that doesn't matter." Instead, the analyst said investors should focus on crypto derivatives and the company's "everything exchange" vision for the platform. On Thursday night, CEO Brian Armstrong highlighted on the company earnings call Coinbase's focus on tokenized equities, or digital tokens representing real-world stocks. 'We believe tokenized equities are more efficient with global coverage, 24/7 trading, instant settlement, and the ability to offer perpetual futures," Armstrong told analysts. Year-to-date Coinbase shares are up roughly 24%. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
Coinbase Increases Bitcoin Holdings, Plans Tokenized Stocks In U.S.
Coinbase (COIN) said it is increasing its bitcoin (BTC) holdings and that it plans to launch tokenized U.S. stocks and prediction markets in the coming months, marking a significant expansion of its business as it seeks to diversify its revenue stream. In a post on X on Thursday, Coinbase CEO Brian Armstrong said, 'Coinbase is long bitcoin. Our holding increased by 2,509 BTC in Q2, and we keep buying more." The news about Coinbase buying bitcoin isn't new, but it is definitely on trend, as many bitcoin treasuries have popped up recently to mimic Michael Saylor's Strategy (MSTR). However, the crypto exchange's CFO, Alesia Haas, previously made it clear that Coinbase isn't a BTC treasury company but rather a crypto operating company that invests in the Coinbase confirmed to CNBC that it is preparing to offer tokenized versions of U.S. equities — digital representations of shares that can be traded on blockchain infrastructure. The products will allow users to buy and sell fractions of stocks around the clock, with faster settlement and lower costs than traditional equity markets. The company's chief legal officer, Paul Grewal, announced in June that the company was seeking approval from the U.S. Securities and Exchange Commission (SEC) for the product. The announcement comes amid a broader push by financial institutions to explore tokenization — the process of putting real-world assets on blockchain — as a way to improve efficiency and accessibility in capital markets. BlackRock, Franklin Templeton, and JPMorgan have all made forays into the space in recent months. Coinbase's top competitors, Robinhood and Kraken, have both recently launched tokenized stocks outside of the U.S. The exchange also plans to launch prediction markets, which would enable users to bet on future events' outcomes using crypto assets. These features are expected to roll out within months, pending regulatory clarity, Coinbase's vice president of product, Max Branzburg, told CNBC on Thursday. 'We're building an exchange for everything,' he told CNBC. 'Everything you want to trade, in a one-stop shop, on-chain. … We're bringing all assets onchain — stocks, prediction markets, and more. We're building the foundations for a faster, more accessible, more global economy.' Coinbase reported second-quarter earnings Thursday, missing estimates, as retail trading volume fell during the last quarter. Shares of the company are down about 6% in post-market trading.
Yahoo
24-07-2025
- Business
- Yahoo
Is Coinbase Stock a Buy, Sell, or Hold After Trump Signed the Genius Act?
President Donald Trump's signing of the GENIUS Act into law creates a clear regulatory framework for stablecoins, positioning Coinbase (COIN) as a primary beneficiary alongside Circle (CRCL) in the evolving crypto landscape. One Seeking Alpha analyst identified Coinbase and Circle as 'the biggest immediate winners in the public markets' from the landmark legislation. The Act establishes full reserve backing, real-time redemption, and transparency standards for U.S. dollar-pegged tokens, effectively launching what analysts refer to as the 'Web3 economy.' More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Can Lucid Motors Stock Hit $7 in 2025? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The GENIUS Act should also benefit platforms like Coinbase that integrate stablecoin functionality with decentralized finance (DeFi) applications. With regulatory uncertainty removed and Coinbase positioned as a key infrastructure provider for the emerging stablecoin economy, the stock offers strong upside potential as institutions embrace compliant digital dollar applications. Is Coinbase Stock a Good Buy Right Now? Beyond the regularity wins, there are three other key catalysts for investors to watch here. First, the ETF success story continues to drive institutional adoption, with over $120 billion in assets gathered across crypto ETFs. Coinbase serves as custodian for the vast majority of these products, generating steady revenue while validating crypto's mainstream acceptance. CFO Alesia Haas noted that institutional buyers have been net purchasers of Bitcoin (BTCUSD), with corporations and even countries adding cryptocurrency to their balance sheets. Second, the $2.9 billion Deribit acquisition represents Coinbase's largest deal to date, adding the world's leading crypto options platform, which holds a 75% market share and $30 billion in open interest. This plugs a critical gap in Coinbase's derivative offerings, targeting the 75% of crypto trading volume that occurs in derivatives markets. Lastly, the company's crypto as a service offering serves over 200 financial institutions, positioning Coinbase as the infrastructure provider as traditional finance increasingly adopts cryptocurrency. With regulatory clarity emerging, institutional adoption accelerating, and utility-driven use cases maturing, Coinbase appears well-positioned to benefit from crypto's ongoing mainstream evolution. What Is the Target Price for COIN Stock? Out of the 31 analysts covering COIN stock, 14 recommend 'Strong Buy,' one recommends 'Moderate Buy,' 14 recommend 'Hold,' and two recommend 'Strong Sell.' The average COIN stock price target is $341, 14% below the current trading price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
05-07-2025
- Business
- Yahoo
Coinbase CEO Says 'Long Bitcoin,' Reveals Weekly Buys
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Michael Saylor's MicroStrategy (NASDAQ:MSTR) may not be the only firm on a weekly Bitcoin buying spree. 'We're buying more Bitcoin every week,' Coinbase (NASDAQ:COIN) CEO Brian Armstrong said last week on X, adding, 'Long Bitcoin.' But buying frequency may be where the similarities in MicroStrategy and Coinbase's Bitcoin accumulation strategies end. Unlike MicroStrategy, Coinbase has chosen not to issue shares to purchase Bitcoin, opting instead to use excess cash reserves. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Interestingly, Coinbase had considered taking a more aggressive Bitcoin accumulation route earlier in its history. 'There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically,' Armstrong said in May. However, the leading cryptocurrency exchange ultimately judged the move too risky for a young company. While the now S&P 500-listed firm is no longer the fledgling firm it once was, it remains committed to its cautious approach. Revealing $150 million in cryptocurrency purchases largely comprising Bitcoin in Q1, Coinbase Chief Financial Officer Alesia Haas stressed in May that the firm remained 'an operating company,' dispelling any speculation of a Bitcoin treasury pivot. 'To be clear, we're an operating company,' Haas said. 'But we do invest alongside the space.' Coinbase reported having a $1.3 billion cryptocurrency investment portfolio at the end of Q1, representing 25% of its net cash. At last look, data showed that the firm held 9,267 BTC worth roughly $1 billion. Trending: New to crypto? on Coinbase. Armstrong's recent remarks on Coinbase's Bitcoin accumulation came in response to a message from Bitcoin Magazine Chair David Bailey, congratulating the firm as its stock soared to its highest point since its November 2021 initial public offering. 'Kudos to Brian Armstrong who is a total G and rightfully earned the ATH [all-time high],' Bailey said. 'Now he just needs to build a proper Bitcoin treasury.' Coinbase's stock rally follows its May inclusion in the S&P 500, positive regulatory developments with the passage of the GENIUS Act and product launches. Most recently, the firm has unveiled details of its planned U.S. perpetual trading product, which is set to launch on July 21. Such products have largely been unavailable to U.S. users due to regulatory see Coinbase's stock soaring higher in the short term. Bernstein last week raised its Coinbase target to $510, citing derivatives expansion and revenue growth in non-trading businesses like staking, stablecoins and the Base blockchain. 'Coinbase is the most misunderstood company in our crypto coverage universe. ... Despite multiple growth levers, consensus remains bearish on the largest Crypto universal bank,' Bernstein analyst Gautam Chhugani wrote in the note shared with Benzinga. 'It is the only crypto company in the S&P 500, dominates U.S. crypto trading market, runs the largest stablecoin business amongst exchanges, dominates institutional crypto, acquired the largest global crypto options exchange and runs the largest and fastest chain on Ethereum forming the tokenization network.' Bernstein's target represents a 46% upside potential from Coinbase's current share price. The firm's stock price declined by less than 1% to close at $350 on Monday. Read Next: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. . Image: Shutterstock This article Coinbase CEO Says 'Long Bitcoin,' Reveals Weekly Buys originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
