KPMG Survey Finds 39% of Canada's Institutions Had Exposure To Crypto Assets in 2023 [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Wealth management saw a pullback, with only 14% of firms with crypto asset services, offering financial advice for crypto to their clients at year-end 2023, down from 42% the last time the survey was conducted two years prior. Institutional investors located in Canada significantly increased their holdings of cryptocurrencies in 2023, a survey by KPMG found. The consulting group recently conducted its bi-annual Institutional Adoption of Cryptoassets survey, finding that Canada's investment sector has re-embraced crypto after a tumultuous year for the industry in 2022. Respondents include hedge funds, family offices, pension funds, private equity and venture capital firms, among others. “Rising U.S. debt combined with increasing inflation likely provided a catalyst for the crypto rally of 2023, and it appears investors are looking for alternative asset classes that act as a debasement hedge and a reliable store of value,” said Kunal Bhasin, partner and co-leader of KPMG in Canad
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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