Robinhood (HOOD) and Coinbase (COIN) ended the week’s closing session within the inexperienced, with Robinhood’s inventory main the transfer as US regulators took steps that would increase the native marketplace for crypto derivatives. Shares of Robinhood rose sharply, leaping about 11% on the day to shut round $94 per share, which additionally marked the best…
On Thursday, crypto alternate Coinbase (COIN) disclosed its first-quarter (Q1) outcomes, which had influence on its inventory valuation. COIN shares ended the session down round 5% at $192 per share following the corporate’s earnings report. This marked the second consecutive quarterly loss for the alternate, though the quarter itself was characterised by excessive circumstances, together…
Coinbase reported a internet lack of $394 million for the primary quarter of 2026, swinging from a $65.6 million revenue in the identical interval final yr and lacking Wall Street expectations on each income and earnings per share — as a pointy pullback in crypto costs and buying and selling volumes hit the alternate’s core…
Coinbase CEO Brian Armstrong introduced on Tuesday, May 5, that the corporate will cut back its workforce by roughly 14% — a transfer Armstrong described as “sudden and harsh” however essential to place the change for what he referred to as a brand new section of AI-driven operations. In a put up on X shared…
In a case that stands out in at present’s pro-crypto local weather within the US, New York Attorney General (AG) Letitia James has filed a lawsuit concentrating on Coinbase Financial Markets and Gemini Titan, subsidiaries of the 2 main exchanges. The motion, introduced on Tuesday, accuses the crypto firms of violating state legislation by allegedly…
The Office of the Comptroller of the Currency (OCC) granted Coinbase (COIN) a conditional approval for a nationwide belief financial institution constitution, a transfer that will place the crypto change amongst a small group of 5 digital-asset companies — together with Ripple, Circle (CRCL) — which have obtained comparable tentative sign-offs from the company. If…
Coinbase is going through a brand new authorized problem, this time from its personal shareholders. A spinoff lawsuit has been filed towards members of the corporate’s board, together with CEO Brian Armstrong, accusing them of breaching fiduciary duties and violating federal securities legal guidelines between 2021 and 2023. Coinbase Directors Accused Of Misleading Investors The…
Cryptocurrency trade Coinbase (COIN) skilled an sudden service disruption on Wednesday, simply hours earlier than the corporate is scheduled to report its fourth‑quarter 2025 earnings. The outage left customers quickly unable to purchase, promote, or switch digital belongings on the platform, triggering concern amongst prospects and including stress to the corporate’s inventory. Platform Disruption Hits…
Coinbase shares continued their current decline after Nevada regulators moved to dam the crypto alternate’s prediction market merchandise, including one other layer of authorized uncertainty for the corporate. The enforcement motion highlights a rising battle between state gaming authorities and platforms providing event-based contracts that resemble sports activities betting, even when these merchandise function underneath…
On Monday, US-based cryptocurrency change Coinbase (COIN) announced its tenth acquisition of the yr, revealing plans to accumulate The Clearing Company, a prediction market start-up. Coinbase Unveils Ambitious Plans The announcement comes on the heels of Coinbase unveiling its plans to launch a set of recent merchandise aimed toward reworking its platform right into a…