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-0.00012994325811063 0.00138606141984664 0.00077965954866378 7.88322432538109E-05 0.00623727638930999 -0.00874951271278213 0.0069736215186036 0.00721185082513978
Stock impact report

Bitcoin Weakness Weighs on Coinbase: Diversification Offers Support? [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Continued volatility and recent downside pressure in Bitcoin—now in its fourth consecutive session of decline—have weighed on COIN's stock performance. As the leading cryptocurrency exchange in the United States, Coinbase's business remains closely tied to broader crypto market cycles, induces market volatility, and suppresses trading activity, directly impacting Coinbase's core revenue streams. Transaction fees have historically been Coinbase's primary source of revenue, accounting for approximately 63% of total revenues in 2024, with Bitcoin-related trading contributing about 30% of that figure. Crypto asset price risk adversely affects operating results. A decline in the market price of Bitcoin not only affects earnings but also the carrying value of crypto assets and future cash flows. This may also affect liquidity and the ability to meet ongoing obligations. COIN is thus steadily expanding its subscriptions and services revenues to diversify income and enhance business resil Show less Read more
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