DeFi Comeback Renews Questions of the Sustainability of 20% Returns [BNN Bloomberg (Canada)]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: BNN Bloomberg
levels seen before the collapse of the TerraUSD stablecoin that sent the sector reeling almost two years ago. Once again, stablecoins are at the center of activity in decentralized finance, where proponents claim the elimination of intermediaries such as banks and brokers through the use of software-driven applications will democratize finance. Stablecoins, which track a real-world asset like the dollar, allow participants to avoid converting to and from fiat money at every turn in the often volatile sector. The name DeFi Summer was coined in 2020 when activity surged after the emergence of so-called liquidity mining and yield farming programs that offered participants double-digit-percentage returns for lending their crypto. DeFi is now logging some of its strongest metrics yet. There are more users transacting on DeFi, borrowing stablecoins on peer-to-peer lenders and providing liquidity in exchange for token rewards, according to data compiled by Zack Pokorny, analyst at digita
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COIN
News
- Coinbase Global, Inc. (NASDAQ: COIN) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $320.00 price target on the stock.MarketBeat
- Coinbase knocked Q1 earnings out of the park—now comes the hard part [Yahoo! Finance]Yahoo! Finance
- Coinbase's Haas Says ‘Just Another Day in Crypto' After Stock Decline [BNN Bloomberg (Canada)]BNN Bloomberg
- Coinbase Falls Despite Q1 Earnings Beat: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
- Bitcoin's Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- 5/2/24 - Form 4
- COIN's page on the SEC website