COIN Stock Recent News
COIN LATEST HEADLINES
Coinbase CEO Brian Armstrong says stablecoins should be able to pay interest to consumers, and that banks and crypto companies should be able to do the same. Language in the current proposed stablecoin legislation, both the House's STABLE Act and the Senate's GENIUS Act, specifies stablecoin issuers may not pay interest to users.
During the March 2025 rebalancing of the S&P 500 index, it was highly anticipated that the stock of cryptocurrency exchange Coinbase (NASDAQ: COIN) would join the list.
Brian Armstrong, Coinbase CEO, discusses why crypto is "the most bipartisan issue" in Congress.
Brian Armstrong, Coinbase CEO, joins CNBC's 'Money Movers' to discuss why he's pushing for stablecoin legislation that would allow consumers to earn interest, whether offshore crypto companies should be allowed to enter the U.S., and more.
Subscribers to Chart of the Week received this commentary on Sunday, March 30.
In the latest trading session, Coinbase Global, Inc. (COIN) closed at $172.23, marking a -0.98% move from the previous day.
Cryptocurrencies and crypto-linked stocks have reportedly slumped alongside the S&P 500 Index amid traders' concerns about a global trade war and a possible recession. Bitcoin has lost more than 10% of its value and Ether has lost more than 45% since the beginning of the quarter, Bloomberg reported Monday (March 31).
Despite recent market turmoil, Coinbase's valuation has dropped significantly, making it a compelling dip to buy. I'm upgrading the stock to a buy rating. Altcoin prices have shown resilience relative to Bitcoin's sharper drop, which may mean Coinbase's trading revenue won't fall as much as feared. Continued innovation, such as Coinbase One Premium at $300/month and Bitcoin-backed loans, is driving growth in non-transactional recurring revenue streams.
While Coinbase Global Inc.'s COIN trading volumes have decelerated significantly, investors seem to be underestimating the potential of the company's non-trading revenue streams, according to Rosenblatt Securities.
The markets are flexing their gains today, with all three of the major stock market indices holding onto earlier gains.