Coinbase CEO expects revenue to plunge over 50% on battered crypto prices - tweet [Reuters]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
convertedorganic.com
Company Research
Source: Reuters
Dec 7 (Reuters) - Coinbase Global Inc's (COIN.O) revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence. "(Chief Executive Officer Brian Armstrong) indicated that he expects Coinbase FY2022 revenue to be less than half of FY2021 revenue,” the company said in a tweet. Cryptocurrencies wiped away nearly $2 trillion from the sector as higher interest rates and exacerbating worries of an economic downturn cratered prices that eliminated key players such as Voyager Digital, Three Arrows Capital and Celsius Network. But the bigger blow to digital assets came since larger crypto exchange FTX filed for bankruptcy protection. Its swift fall from grace followed heavy speculation about its financial health that triggered $6 billion of withdrawals in just 72 hours. The expected plunge in revenue was first reported by Bloom
Show less
Read more
Impact Snapshot
Event Time:
COIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
COIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
COIN alerts
High impacting Coinbase Global, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
COIN
News
- Bitcoin Rally Poised to Resume: 5 Solid Stocks to Bet on [Yahoo! Finance]Yahoo! Finance
- WGC - Wild Goat Coin Now Available on Base Network [Yahoo! Finance]Yahoo! Finance
- Consensys files lawsuit against SEC over Ethereum status [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Coinbase Global, Inc. (COIN) Stock Moves -0.34%: What You Should Know [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 2/15/24 - Beat
COIN
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- COIN's page on the SEC website