Latest news with #CoinbaseGlobalInc
Bloomberg
5 days ago
- Business
- Bloomberg
Coinbase $2 Billion Convertible Bond Extends Crypto Fundraising
Coinbase Global Inc. is raising $2 billion from the sale of convertible bonds, joining a rush of cryptocurrency-focused companies tapping the market to lock in cheap capital. The largest US crypto exchange plans to use the proceeds for purposes including potentially repurchasing stock and redeeming outstanding debt, according to an announcement. Shares slumped 4% to $304.04 each at 9:30 a.m. on Tuesday.
Bloomberg
31-07-2025
- Business
- Bloomberg
Coinbase Falls After Revenue Misses Estimates on Lower Volumes
Shares of Coinbase Global Inc. fell after the largest US crypto exchange reported lower-than-estimated second-quarter revenue amid a drop in digital-asset market volatility. While revenue increased 3.3% year over year to $1.5 billion, that was still lower than analysts' estimates of $1.59 billion and down from $2 billion in the first three months of the year. Net income jumped to $1.43 billion after an unrealized gain to account for the increase in the value of its crypto holdings.
The Star
30-07-2025
- Business
- The Star
JPMorgan to enable crypto purchases via credit cards in Coinbase tie-up
People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton (Reuters) -U.S. banking giant JPMorgan on Wednesday partnered with Coinbase to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in fall 2025. Once viewed warily by traditional financial institutions, the digital assets industry has gained enough traction among consumers and investors that large banks are now entering the space. From custody services to card-linked purchases, financial heavyweights are increasingly offering crypto-related products and mulling new use cases for the tokens, signaling how far the once-nascent market has matured. The cryptocurrency market recently touched a $4 trillion valuation and is expected to grow further as regulatory clarity in major markets such as the United States drives broader adoption. "Beginning in 2026, you'll be able to directly link your Chase account to Coinbase," the cryptocurrency exchange said in a blog post. Starting in 2026, Chase customers will be able to redeem credit card reward points for USDC, a U.S. dollar-pegged stablecoin, and directly link their bank accounts to Coinbase to fund crypto purchases. Stablecoins are a type of token designed to shield users from price volatility and are widely used as a bridge between traditional finance and digital assets. With rising demand for low-cost, instant transactions, stablecoins are poised for rapid growth as adoption spreads across payments, trading and emerging financial platforms. Earlier this month, PNC said it was working with Coinbase to offer crypto trading to the bank's customers. Coinbase shares were last up 3% in premarket trading. They have surged about 50% so far this year, giving the crypto exchange a market value of about $95 billion and helping it secure a spot in the benchmark S&P 500 index, a milestone for the industry. (Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
Bloomberg
29-07-2025
- Business
- Bloomberg
PNC Seeking Client Access To Crypto Trading
PNC Financial Services Group Inc. formed a partnership with crypto exchange Coinbase Global Inc. to offer its banking customers access to digital-currency services. PNC Bank Head of Treasury Management Emma Loftus joins Katie Greifeld and Tim Stenovec on "Bloomberg Crypto," to discuss. (Source: Bloomberg)
Yahoo
25-07-2025
- 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
