Latest news with #BaseApp
Yahoo
4 days ago
- Business
- Yahoo
Coinbase's Base App Rebrand Sends a Little-Known Token Soaring 440% Amid SocialFi Boom
Coinbase's rebrand of its Wallet into the Base App has kicked off a SocialFi surge, sending Zora's (ZORA) activity into overdrive and leading to a massive rally for its token. Zora, which lets users mint tradable tokens tied to individual social posts, saw a dramatic rise in use following the app's July 16 rebrand. The Base app's features include posting, chatting and one-tap token minting, integrated with Zora and Farcaster. The result, according to Dune data, were daily Zora token creations jumping from about 4,000 to more than 15,000, with a peak of 38,000 mints on July 24. Daily trades rose from 30,000 to over 150,000, while trading volume crossed $6 million a day, up from just $1 million before the launch. The price of ZORA soared 440% in the past week, from $0.011 to $0.0615. The token's market cap rose to more than $200 million from just below $50 million in a week, according to CoinMarketCap data. Creator earnings followed the trend, according to Dune data. Daily payouts spiked from around $1,000 to over $30,000 as more than 12,000 unique creators joined the rush. Over 8,000 Zora Smart Wallets were active each day during the 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
5 days ago
- Business
- Yahoo
Coinbase vs. Circle: Which Stablecoin Powerhouse Is a Safer Bet?
Retail access to cryptocurrencies is progressing steadily as platforms improve onboarding, enhance user experiences, and align more closely with regulatory expectations. Fintechs and exchanges are increasingly integrating crypto wallets and trading capabilities into their apps, making it easier for everyday users to manage digital assets. In this evolving landscape, the question arises: which company is better positioned for long-term growth — Coinbase Global Inc. COIN or Circle Internet Group CRCL?Stablecoins are emerging as a crucial link between traditional finance and the crypto world, playing a key role in the development of next-generation digital financial infrastructure. Major banks are even beginning to explore their own stablecoin initiatives. As tokenization, stablecoins and decentralized finance (DeFi) continue to evolve, retail users will gain access to a growing suite of user-friendly and functional crypto services that extend far beyond basic asset cyber threats remain a challenge. But as an investment option, which stock is more attractive? Let's closely look at the fundamentals of these stocks. Factors to Consider for COIN Coinbase, the largest regulated cryptocurrency exchange in the United States, is well-positioned to capitalize on increased market volatility and rising digital asset valuations. The platform is likely to benefit from President Trump's supportive stance on crypto and his push for regulatory clarity. With 83% of its revenues generated domestically, Coinbase is tightly aligned with a U.S. market that is increasingly viewed as a global leader in crypto company is actively advancing real-world crypto adoption through infrastructure initiatives like Base — its cost-effective Layer 2 scaling solution — and a heightened focus on stablecoins. These efforts support Coinbase's broader strategy to become the go-to platform for businesses adopting digital assets. The recent launch of the Base App, which replaces Coinbase Wallet, expands Coinbase's role beyond trading by reaching a wider consumer base. The app aims to drive deeper engagement in the on-chain ecosystem while unlocking new monetization is also pushing stablecoins into the mainstream with Coinbase Payments, an alternative to traditional card processing fees that enables stablecoin-based online transactions. The company has further incentivized adoption by waiving fees on PayPal's stablecoin transactions. These moves bolster Coinbase's growing subscription and services segment, with stablecoin income emerging as a key revenue a financial standpoint, Coinbase ended 2024 with $9.3 billion in U.S. dollar resources — including cash, cash equivalents, and USDC — reflecting a $3.8 billion increase year over year. The company also strengthened its balance sheet by lowering its debt load, resulting in healthier leverage and interest coverage elevated transaction and operating expenses continue to weigh on margins. Coinbase remains heavily exposed to volatility in major cryptocurrencies such as Bitcoin and Ethereum. A sharp decline in asset prices could hurt earnings, reduce crypto holdings' value, and strain liquidity and future cash flows. Factors to Consider for CRCL Circle Internet Group will play a pivotal role in the global evolution of digital finance, offering investors direct exposure to the fast-growing world of stablecoins and blockchain-enabled payments. Circle completed its IPO last month and started trading on June 5, 2025 on NYSE. With more than $25 billion USDC, the U.S. dollar-backed stablecoins, in circulation and widespread adoption across major blockchains, wallets and exchanges, Circle benefits from strong network effects and growing institutional interest in tokenized facilitates secure, low-cost, and real-time value transfers across both decentralized and traditional financial systems and has thus carved out significant competitive advantages. Its commitment to regulatory clarity—through partnerships with banks and compliance with U.S. and global standards—sets it apart from less regulated crypto-native competitors. Collaborations with leading institutions such as BlackRock, Visa and Fiserv underscore Circle's vision of USDC becoming a core component of digital payments, cross-border remittances and embedded finance business model is primarily driven by interest income on USDC reserves, which are predominantly invested in U.S. Treasuries. This reliable income stream is bolstered by an expanding portfolio of products, including Circle Mint, programmable wallets and blockchain-based treasury management tools. With demand for digital dollars accelerating, Circle's financial model has become increasingly robust and scalable. Moreover, the company's initiatives in real-world asset tokenization and programmable finance are opening up new growth opportunities, particularly in B2B payments and institutional-grade digital asset stock has experienced significant volatility since its IPO. Estimates for COIN and CRCL The Zacks Consensus Estimate for COIN's 2026 revenues and EPS implies an 8% and 11.4% year-over-year increase, respectively. EPS estimates have, however, moved south over the past 30 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for CRCL's 2026 revenues implies a 20.2% increase but the same for EPS suggests a year-over-year decrease of 3.9%. EPS estimates have moved south over the past 30 days . Image Source: Zacks Investment Research Price Performance of COIN and CRCL? COIN shares have gained 5% in a month, while CRCL shares have lost 9.9% in the same time. Image Source: Zacks Investment Research Conclusion Coinbase benefits from a well-diversified revenue base that includes trading fees, staking, custodial services, and derivatives, all bolstered by growing institutional demand. Its inclusion in the S&P 500, the acquisition of Deribit and significant involvement in USDC custody strengthen its regulatory standing and support its long-term strategic the other hand, Circle's efforts to expand USDC's utility in tokenized payments and real-world asset applications are encouraging, but the company operates with a narrower focus and more limited scale. Its revenues are predominantly derived from interest earned on USDC reserves, leaving it highly exposed to fluctuations in macroeconomic factors like interest both COIN and CRCL carry a Zacks Rank #3 (Hold), at present, COIN seems a safer can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Circle Internet Group, Inc. (CRCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Can COIN's Base App Power Web3 Growth and Revenue Diversification?
Coinbase Global Inc.'s COIN Base App, set to replace the existing Coinbase Wallet, represents a major milestone in the company's broader Web3 strategy. Natively built on Base—Coinbase's Ethereum Layer 2 network—the app provides users with a streamlined, user-friendly interface to access decentralized applications (dApps), conduct crypto transactions and engage in various on-chain activities. By simplifying the user experience and removing complex blockchain barriers, Base App aligns with Coinbase's mission to onboard the next billion users into the Web3 space. Notably, Coinbase becomes the first U.S.-based exchange to roll out a comprehensive super app that brings together key Web3 functionalities — wallet, DeFi, NFTs, and payments — within a single mobile platform. This move expands Coinbase's reach beyond its core trading business, allowing it to engage a wider consumer audience. The Base App serves as a key growth lever, deepening user participation in the on-chain ecosystem while opening up new monetization pathways. Importantly, the app enhances and diversifies Coinbase's revenue streams. As users tap into Web3 services, Coinbase stands to earn from token swaps, staking and other in-app offerings. Its integration with the Base network further allows the company to capture sequencer fees and benefit from rising on-chain activity. This strategic pivot reduces Coinbase's reliance on unpredictable trading volumes and fosters a more resilient, recurring revenue model centered on infrastructure usage and ecosystem expansion. What About COIN's Competitors? Robinhood Wallet drives Robinhood Markets ' HOOD expansion beyond traditional brokerage into self-custodial crypto, offering access to tokens, NFTs and future DeFi tools. By engaging crypto-native users, Robinhood diversifies its revenue streams. This positions Robinhood to capitalize on Web3 growth while reducing dependence on its core trading business. Block Inc.'s XYZ Bitcoin Wallet drives Block's growth by enabling self-custodial crypto access and empowering users with financial control. By simplifying Bitcoin storage and peer-to-peer transfers, it aligns with Block's mission of economic empowerment and reinforces its strategic position within the Bitcoin ecosystem and emerging Web3 landscape. COIN's Price Performance Shares of COIN have gained 69.1% year to date, outperforming the industry. Image Source: Zacks Investment Research COIN's Expensive Valuation COIN trades at a price-to-earnings value ratio of 75.03, above the industry average of 22.44. But it carries a Value Score of F. Estimates for COIN Witness Southward Movement The Zacks Consensus Estimate for COIN's second-quarter and third-quarter 2025 EPS has moved down 2 cents and 1 cent, respectively, over the past seven days. The same for full-year 2025 and 2026 EPS has decreased by 2 cents and 3 cents, respectively. The consensus estimate for COIN's 2025 and 2026 revenues indicates year-over-year increases. While the consensus estimate for COIN's 2025 EPS indicates a decline, the same for 2026 EPS suggests an increase. COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Block, Inc. (XYZ): Free Stock Analysis Report
Business Insider
18-07-2025
- Business
- Business Insider
Crypto Exchange Coinbase (COIN) Launches Super App
Cryptocurrency exchange Coinbase Global (COIN) has launched what it calls an 'everything app' designed to bring more people into the crypto sphere. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The 'Base App,' as it is being called, replaces the Coinbase Wallet and combines wallet, trading, and payment functions as well as social media, messaging, and support for mini-apps. Coinbase says the new app runs on the company's public blockchain network called 'Base,' which is built on the Ethereum (ETH) ledger. The crypto exchange is the first U.S.-based company to launch what are known as super apps. Popular versions of super apps, such as Alipay, already exist in China. Typically, these everything apps bundle several different services and functionalities into a single mobile app. They have long been viewed as the ultimate goal of financial technology companies and mega-cap tech concerns. Reaching Consumers Meta Platforms (META) has attempted to integrate payments, messaging, and social content into a single app, and Elon Musk has mused about creating a super app for social media platform X. However, Coinbase Global appears to be the first U.S. company to launch such an app for consumer use. In a news release, Coinbase said that it is aiming to reach consumers who aren't necessarily interested in trading cryptocurrencies, which remains the company's core business. The new super app arrives as the crypto industry embraces a boom in product launches thanks to the pro-crypto policies of U.S. President Donald Trump, who is himself invested in digital assets. COIN stock is up 64% this year. Is COIN Stock a Buy? The stock of Coinbase Global has a consensus Moderate Buy rating among 25 Wall Street analysts. That rating is based on 13 Buy, 11 Hold, and one Sell recommendations issued in the last three months. The average COIN price target of $319.01 implies 21.62% downside from current levels.
CNBC
17-07-2025
- Business
- CNBC
Coinbase launches ‘Base App,' a Web3 super app for creators
Tanaya Macheel, CNBC reporter, tells Worldwide Exchange Coinbase's 'Base App' is a Web3 super app for creators, combining payments, messaging, and trading amid U.S. challenges.
