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Coinbase Global

Coinbase Glb

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

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Coinbase recibe aprobación para operar en Argentina, reforzando su misión de impulsar la adopción global de criptomonedas.

Coinbase (COIN) expande operaciones a Argentina tras aprobación regulatoria

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Coinbase shares are trading lower, reversing after earlier rising following an agreement in principal with SEC staff.

HC Wainwright &amp; Co. analyst Mike Colonnese reiterates Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Buy and maintains $350 price target.

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HC Wainwright & Co. Reiterates Buy on Coinbase Global, Maintains $350 Price Target

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares are trading higher Friday after the company announced that the Securities and Exchange Commission (SEC) plans to drop its <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43883117/coinbase-ceo-brian-arm[…]c-has-agreed-to-end-bogus-enforcement-case-without-penalties">lawsuit against the crypto exchange. </a>
What To Know: According <a href="https://www.wsj.com/finance/regulation/coinbase-says-sec-intends-to-drop-lawsuit-against-crypto-exchange-4b3b0c36">to</a> The Wall Street Journal, the lawsuit, which was a key part of the SEC's efforts to regulate digital assets under investor-protection rules, had been ongoing for nearly two years. Coinbase had consistently fought the case, arguing that existing laws did not classify crypto assets as securities.
The SEC's decision to dismiss the case still requires approval from the commission, which Coinbase expects to happen next week. The move follows a shift in regulatory stance under President Donald Trump, who has embraced the crypto industry and pledged to reduce the commission's pressure on digital asset firms.
Under former SEC Chair Gary Gensler, the agency aggressively pursued cases against major exchanges like Coinbase, Binance and Kraken, aiming to bring them under the same regulatory framework as traditional financial institutions. With Gensler stepping down in January, Acting SEC Chairman Mark Uyeda has signaled a more lenient approach, focusing enforcement resources primarily on fraud rather than broad regulatory oversight.
If the case is dismissed, Coinbase could benefit from a more favorable business environment, allowing it to expand token listings and financial products. The company has already seen strong financial performance, with a better-than-expected fourth-quarter earnings report fueled by the post-election crypto rally. 
Analysts suggest that without the legal overhang, Coinbase could further diversify revenue streams beyond trading, particularly in staking services, which were previously targeted by the SEC's allegations.
While the SEC appears to be retreating from its tough stance on crypto, legal battles continue for other exchanges. The agency remains in litigation with Binance and Kraken, though regulators have indicated a willingness to resolve those cases through ongoing task force discussions. 
Meanwhile, lawmakers in Congress are working on legislation that would shift oversight of most cryptocurrencies to the Commodity Futures Trading Commission (CFTC), potentially limiting the SEC's influence over the industry.
COIN Price Action: Coin shares were up 2.71% at $263.58 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent022125&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="534" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21100702/Screenshot-2025-02-21-at-10.06.22-1024x534.png" alt="" class="wp-image-793281" style="width:444px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21100702/Screenshot-2025-02-21-at-10.06.22-1024x534.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21100702/Screenshot-2025-02-21-at-10.06.22-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21100702/Screenshot-2025-02-21-at-10.06.22-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21100702/Screenshot-2025-02-21-at-10.06.22.png 1518w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read next:
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<li><a href="https://www.benzinga.com/news/25/02/43882547/dhs-fires-fema-officials-after-deep-state-activists-sent-59m-to-nyc-migrant-hotels-trump-admin-claws-it-back">DHS Fires FEMA Officials After &#8216;Deep State Activists&#8217; Sent $59M To NYC Migrant Hotels—Trump Admin Claws It Back</a></li>
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Image via Shutterstock.

Coinbase Shares Rise As SEC Moves To Drop Lawsuit: What's Going On?

Coinbase Global's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NYSE">COIN</a>) short percent of float has fallen 13.09% since its last report. The company recently reported that it has 7.13 million shares sold short, which is 3.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?utm_source=insights&amp;adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?utm_source=insights&amp;adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Coinbase Global Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740158126_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coinbase Global has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Coinbase Global's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Coinbase Global's peer group average for short interest as a percentage of float is 3.16%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?utm_source=insights&amp;adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

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Peering Into Coinbase Global's Recent Short Interest

Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong announced that the Securities and Exchange Commission has decided to fully withdraw its enforcement <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41602107/coinbase-ceo-brian-armstrong-says-next-sec-chair-should-apologize-for-the-damage-done-to-t">case against the company.</a>
What Happened: <a href="https://www.cnbc.com/2025/02/21/coinbase-says-the-sec-has-agreed-to-end-enforcement-case-against-crypto-exchange.html">Speaking </a>to CNBC on Friday, Armstrong described the lawsuit as an unjustified attack on the cryptocurrency industry and said the SEC had no legal basis for its claims.
&#8220;This is a huge day for us and also for the 50 million Americans who hold crypto,&#8221; Armstrong said. &#8220;This case was bogus, and we were right on the facts. If we hadn't stood up for our customers' rights, it could have been the end of the crypto industry in America.&#8221;
The SEC sued Coinbase in 2023, accusing it of operating as an unregistered securities exchange, broker, and clearing agency. The regulator also alleged that Coinbase's staking-as-a-service <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32746275/coinbase-ceos-war-cry-after-sec-sues-crypto-exchange-well-get-the-job-done">program violated securities laws</a>.
Armstrong pushed back, arguing that Coinbase had already disclosed its business model when it went public and that the SEC had approved its operations at the time.
&#8220;They asked us a million questions. They knew exactly what our listing process was and how we took a very conservative approach,&#8221; Armstrong said. &#8220;Then a few years later, the political climate changed, and they suddenly changed their mind. But that's not how it works.&#8221;
Armstrong said the SEC decided to drop the case after realizing it had weak legal standing. 
He credited the new administration and SEC officials, including Commissioners Mark Uyeda and Hester Peirce, for working to correct what he described as past overreach.
&#8220;I have to give a lot of credit actually to this new administration that's come in,&#8221; Armstrong said. &#8220;I hope that they'll dismiss all the bogus cases, and it'll be a domino effect for the rest of the industry.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43825695/xrp-rallies-5-on-etf-news-what-is-going-on">XRP Rallies 5% On ETF News: What Is Going On?</a>
What&#8217;s Next: The SEC commissioners are expected to vote on the case's formal dismissal next week, following a recommendation from the agency's staff.
Armstrong emphasized that Coinbase will not pay any fines or admit wrongdoing, calling the withdrawal &#8220;unprecedented in SEC history.&#8221;
The legal battle came at a significant cost for Coinbase. 
Armstrong disclosed that the company spent over $50 million in external legal fees, not including internal expenses.
With the case nearing its conclusion, Armstrong called for clearer crypto regulations from Congress. He outlined three key priorities:
<ol>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43810566/stablecoins-are-a-big-deal-but-not-where-youd-expect-bernstein-says">Stablecoin legislation</a> to support a digital dollar and maintain the US dollar's reserve currency status.</li>
<li>A <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43500853/is-the-sec-making-peace-with-crypto-the-key-personnel-shifts-hinting-at-why-this-may-be-the-case">clear regulatory framework</a> to classify crypto assets as commodities, securities, or payment tokens.</li>
<li>A <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43765261/bitcoin-reserve-can-potentially-secure-u-s-superpower-status">strategic Bitcoin reserve</a> to position the US for long-term financial security.</li>
</ol>
With the SEC shifting its stance on crypto enforcement, Armstrong sees this decision as a turning point for regulatory clarity in the US. 
He hopes it will set a precedent for how the government approaches the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41782783/coinbase-ceo-brian-armstrong-welcomes-most-pro-crypto-congress-ever-as-end-to-gary-gensler">broader digital asset industry.</a>
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43849122/xrp-up-297-against-bitcoin-since-donald-trump-won-the-election-heres-why">XRP Up 297% Against Bitcoin Since Donald Trump Won The Election: Here&#8217;s Why</a></li>
</ul>
Image: Shutterstock

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Cryptocurrency

Coinbase CEO Brian Armstrong Says SEC Has Agreed To End 'Bogus' Enforcement Case Without Penalties

Coinbase Global: "Believe We Will Eventually Get To A Point Where The Majority Of Global GDP Runs On Crypto Rails"

Legal

Coinbase Says Reached Agreement In Principle With SEC Staff, Subject To The Approval Of The SEC's Commissioners, To Jointly Stipulate To The Dismissal Of The Litigation With Prejudice

WSJ: 'Coinbase Says SEC Intends to Drop Lawsuit Against Crypto Exchange'

Mizuho analyst Dan Dolev maintains Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Neutral and lowers the price target from $290 to $280.

Mizuho Maintains Neutral on Coinbase Global, Lowers Price Target to $280

Brian Armstrong, CEO of&nbsp;Coinbase Global Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), said the cryptocurrency exchange would follow a market-driven strategy for meme coins, allowing users to trade even &#8220;low quality&#8221; tokens if they desired.
What Happened:&nbsp;Armstrong took to X, emphasizing the importance of customer choice and transparency in response to a surge in meme coin launches. 
&#8220;We believe in free market capitalism. If our customers want it, and it&#8217;s legal, we aim to let them make that choice for themselves,&#8221; Armstrong said. 
The top executive of America&#8217;s largest cryptocurrency trading platform added that their role is to provide users with the best available information to make informed decisions, rather than to &#8220;play judge and jury&#8221; in recommending specific investments.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On memecoins… Memecoins have generated a lot of buzz recently, and I've gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they've become hugely popular. Arguably, they&#39;ve been with us since the beginning –…
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1892323560095699151?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;If a token is a scam or fraudulent, we&#8217;d want to remove it. But if it&#8217;s just low quality, the customer should be able to see reviews or community notes, and make their own choice,&#8221; Armstrong said
Interestingly, he dubbed meme coins as the "canary in the coal mine," a precursor to a world where everything, be it posts, images, and videos, is tokenized.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43826697/bitcoin-early-in-bull-market-can-compete-with-gold-etfs-blockstream-ceo-says">Bitcoin &#8216;Early In Bull Market,&#8217; Can Compete With Gold ETFs, Blockstream CEO Says</a>
Why It Matters: Armstrong&#8217;s comments come amid an u<a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43792319/record-breaking-token-creation-in-january-raises-concerns-over-altcoin-liquidity-market-quality">nprecedented surge in token creation</a>, with January marking a new monthly record of over 600,000 new tokens. The surge has been driven by token launchpads like Pump.fun, which simplify the creation process.
Armstrong voiced the need for a <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43721043/brian-armstrong-wants-to-handle-growing-volumes-of-memecoins-by-adding-dexes-into-coinbase-a-little-bit-like-the-early-days-of-the-internet">reevaluation of the company&#8217;s token listing process</a> during the company&#8217;s fourth-quarter 2024 earnings call, pushing for the integration of decentralized exchanges into Coinbase.
The surge in meme coins, many of which have sketchy fundamentals, has created concerns in the market.&nbsp;LIBRA token, initially promoted by Argentine President Javier Milei, is <a href="https://in.benzinga.com/25/02/43761407/argentinas-javier-milei-faces-impeachment-for-promoting-tainted-libra-memecoin-that-pumped-and-dumpedpresidents-office-orders-inquiry">battling allegations of rug-pull</a> and insider manipulation.
Price Action: Coinbase stock was up 1.11% in after-hours trading after closing down 2.25% to $258.67 during Wednesday's regular session.
Read Next:&nbsp;
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Photo courtesy: Shutterstock

Coinbase CEO Brian Armstrong Open To Memecoins Even If They Are 'Low Quality:' 'We Believe In Free Market Capitalism'

Deep-pocketed investors have adopted a bullish approach towards Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 117 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 39% leaning bullish and 33% bearish. Among these notable options, 63 are puts, totaling $4,260,943, and 54 are calls, amounting to $2,837,517.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $690.0 for Coinbase Glb over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Coinbase Glb options trades today is 1895.56 with a total volume of 14,956.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coinbase Glb's big money trades within a strike price range of $2.5 to $690.0 over the last 30 days.
<h3>Coinbase Glb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739985340_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/18/26</td>
<td>$432.45</td>
<td>$429.55</td>
<td>$429.7</td>
<td>$690.00</td>
<td>$171.8K</td>
<td>30</td>
<td align="right">42</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/18/26</td>
<td>$431.95</td>
<td>$429.0</td>
<td>$429.0</td>
<td>$690.00</td>
<td>$171.6K</td>
<td>30</td>
<td align="right">8</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/18/26</td>
<td>$431.85</td>
<td>$426.0</td>
<td>$428.9</td>
<td>$690.00</td>
<td>$171.5K</td>
<td>30</td>
<td align="right">24</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.9</td>
<td>$30.4</td>
<td>$30.75</td>
<td>$400.00</td>
<td>$153.7K</td>
<td>6.6K</td>
<td align="right">139</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$261.65</td>
<td>$258.35</td>
<td>$259.74</td>
<td>$2.50</td>
<td>$129.8K</td>
<td>3.3K</td>
<td align="right">5</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
In light of the recent options history for Coinbase Glb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Coinbase Glb's Current Market Status</h3>
<ul>
<li>With a trading volume of 3,160,270, the price of COIN is down by -0.9%, reaching $262.25.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 71 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Coinbase Glb</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $368.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Coinbase Glb with a target price of $400. 
&#x2A; Consistent in their evaluation, an analyst from Keefe, Bruyette &amp; Woods keeps a Market Perform rating on Coinbase Glb with a target price of $305. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $330. 
&#x2A; An analyst from JMP Securities has decided to maintain their Market Outperform rating on Coinbase Glb, which currently sits at a price target of $475. 
&#x2A; Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Coinbase Glb with a target price of $330. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coinbase Glb with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

What the Options Market Tells Us About Coinbase Glb

US Commerce Secretary Howard Lutnick&#8216;s hedge fund Cantor Fitzgerald LP increased the firm&#8217;s exposure to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Chinese technology companies during the fourth quarter of 2024, when Donald Trump was reelected as the President.
What Happened: Lutnick is the chairman and CEO of Cantor Fitzgerald, who was Trump&#8217;s pick to serve as the U.S. Secretary of Commerce. The fund added many Bitcoin-related stocks and exchange-traded funds to its portfolio in the fourth quarter amid the span of the U.S. elections, results for which were declared on Nov. 5.
Here are the key changes made to the fund&#8217;s portfolio during the quarter.
<ul>
<li>While Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) was already a part of Fitzgerald&#8217;s portfolio during the third quarter, the stake was increased by 66% in the fourth quarter. However, the fund also added other stocks involved with BTC acquisition to its portfolio.</li>
</ul>
<ul>
<li>Michael Saylor&#8216;s Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), formerly MicroStrategy, and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) were the new entrants in Fitzgerald&#8217;s portfolio. While the fund added a staggering 3,580,131 shares of MSTR worth $1.036 billion in the fourth quarter, about 170,362 of MARA were added.</li>
</ul>
<ul>
<li>Similarly, Fitzgerald was already exposed to BTC through one of its ETF holdings, iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>). It purchased an additional 1,127,368 shares or 221% of IBIT in the fourth quarter.</li>
</ul>
<ul>
<li>Other Bitcoin-related ETFs that the fund added to its portfolio included Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>), Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), and Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>).</li>
</ul>
<ul>
<li>Apart from BTC, the company also increased its existing position in iShares Ethereum Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) by 35,750 shares or 140% to a value of $1.550 million.</li>
</ul>
<ul>
<li>Along with the cryptocurrency exposure, Cantor Fitzgerald was seen increasing stakes in China-based technology companies as it boosted its stake in Alibaba Group Holding Ltd ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) by 2504%, valued at $5.012 million, as of the fourth quarter.</li>
</ul>
<ul>
<li>Fitzgerald further hiked its holdings in Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and JD.Com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) by 333% and 98%, respectively.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Holdings (as of Sept. 30)</td>
<td>Holdings (as of Dec. 31)</td>
<td>Change (in %)</td>
<td>Value As Of Dec. 31</td>
</tr>
<tr>
<td>Strategy Inc. </td>
<td>0</td>
<td>3,580,131</td>
<td>0%</td>
<td>$1.036 billion</td>
</tr>
<tr>
<td>MARA Holdings Inc. </td>
<td>0</td>
<td>170,362</td>
<td>0%</td>
<td>$2.856 million</td>
</tr>
<tr>
<td>Coinbase Global Inc. </td>
<td>2,401</td>
<td>3,988</td>
<td>66%</td>
<td>$990,000</td>
</tr>
<tr>
<td>iShares Bitcoin Trust ETF </td>
<td>509,386</td>
<td>1,636,754</td>
<td>221%</td>
<td>$86.829 million</td>
</tr>
<tr>
<td>iShares Ethereum Trust ETF </td>
<td>25,555</td>
<td>61,305</td>
<td>140%</td>
<td>$1.550 million</td>
</tr>
<tr>
<td>Grayscale Bitcoin Trust</td>
<td>0</td>
<td>7,150</td>
<td>0%</td>
<td>$529,000</td>
</tr>
<tr>
<td>Fidelity Wise Origin Bitcoin Fund </td>
<td>0</td>
<td>4,987</td>
<td>0%</td>
<td>$406,000</td>
</tr>
<tr>
<td>Bitwise Bitcoin ETF</td>
<td>0</td>
<td>4,336</td>
<td>0%</td>
<td>$220,000</td>
</tr>
<tr>
<td>Alibaba Group Holding Ltd ADR </td>
<td>2,270</td>
<td>59,119</td>
<td>2504%</td>
<td>$5.012 million</td>
</tr>
<tr>
<td>Baidu Inc. </td>
<td>92,330</td>
<td>399,975</td>
<td>333%</td>
<td>$33.721 million</td>
</tr>
<tr>
<td>JD.Com Inc. </td>
<td>36,740</td>
<td>72,745</td>
<td>98%</td>
<td>$2.522 million</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://13f.info/13f/000092963825000760/compare/000092963824003880">13F.info</a></figcaption></figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43806017/alibabas-q4-shakeup-many-asian-funds-exit-while-us-based-funds-like-ubs-oconnor-marathon-assetmark-cantor-fitzgerald-double-down">Alibaba Sees Asian Funds Exiting In Q4 Even As Their US Peers UBS O&#8217;Connor, Marathon, AssetMark, And Cantor Fitzgerald Double Down</a>
Why It Matters: According to its 13F filings with the SEC, the fund had 275 holdings valued at $5.020 billion as of the fourth quarter.
The Senate confirmed Howard Lutnick as Trump&#8217;s commerce secretary on Tuesday with a 51-45 vote, which fell along party lines. Lutnick had previously served as an adviser during Trump&#8217;s transition to his second term in the White House.
As Lutnick is part of the Trump 2.0 cabinet it is unclear if he will continue to serve as the CEO of the fund. Meanwhile, the fund has many co-CEOs including Pascal Bandelier, Sage Kelly, and Christian Wall.
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43805475/big-bets-on-ai-powered-precision-medicine-major-funds-from-ark-and-jpmorgan-to-blackrock-and-citadel-add-tempus-ai-to-their-portfolio">Tempus AI Sees Surge In Institutional Holdings In Q4: Cathie Wood&#8217;s Ark Invest, JPMorgan, And BlackRock Load Up On TEM Stock</a></li>
</ul>
Photo courtesy: Cantor Fitzgerald

Market Summary

Hedge Funds

ETFs

BABA

BIDU

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

ETHA

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

IBIT

MARA

MSTR

US Commerce Secretary Howard Lutnick's Cantor Fitzgerald Increases Bitcoin Exposure Via ETFs, MSTR, MARA; Adds Chinese Firms Like BABA, Baidu, JD In Q4

<a href="https://www.coinbase.com/en-ca/blog/coinbase-unlocking-new-opportunities-in-crypto-derivatives">https://www.coinbase.com/en-ca/blog/coinbase-unlocking-new-opportunities-in-crypto-derivatives</a>
&nbsp;
TLDR: Coinbase is at the forefront of a new era for crypto derivatives, unlocking innovative trading solutions for institutions and traders around the globe.
Advancing the maturation of crypto futures in the U.S., with CFTC-regulated Solana and Hedera futures contracts from Coinbase Derivatives, LLC
Bridging traditional finance and crypto by expanding futures trading access to institutional investors through Coinbase Financial Markets, Inc.&nbsp;
Game changing crypto-native FX with leverage through EURC perpetual futures on Coinbase International Exchange, LLC

Coinbase: Unlocking New Opportunities In Crypto Derivatives; Says Eligible Institutions Will Now Have Access To Futures Trading Through Coinbase Financial Markets

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies raised Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $105 to $118. Jefferies analyst David Katz upgraded the stock from Hold to Buy. Wynn Resorts shares closed at $88.82 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/WYNN/analyst-ratings">view </a>this stock.</li>
<li>Keefe, Bruyette &amp; Woods increased the price target for Brighthouse Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) from $60 to $66. Keefe, Bruyette &amp; Woods analyst Ryan Krueger maintained a Market Perform rating. Brighthouse Financial shares closed at $62.14 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/BHF/analyst-ratings">view </a>this stock.</li>
<li>Morgan Stanley raised Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) price target from $42 to $60. Morgan Stanley analyst Craig Hettenbach downgraded the stock from Overweight to Equal-Weight. Hims &amp; Hers Health shares closed at $60.47 on Friday. See how other <a href="https://www.benzinga.com/quote/HIMS/analyst-ratings">analysts </a>view this stock.</li>
<li>Needham raised the price target for DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) from $60 to $65. Needham analyst Bernie McTernan maintained a Buy rating. DraftKings shares closed at $53.49 on Friday. <a href="https://www.benzinga.com/quote/DKNG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised the price target for Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) from $41 to $47. JP Morgan analyst Matthew Boss upgraded the stock from Neutral to Overweight. Bath &amp; Body Works shares closed at $36.47 on Friday. <a href="https://www.benzinga.com/quote/BBWI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. cut Outlook Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) price target from $30 to $3. HC Wainwright &amp; Co. analyst Douglas Tsao maintained a Buy rating. Outlook Therapeutics shares settled at $1.87 on Friday. <a href="https://www.benzinga.com/quote/OTLK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity increased Alnylam Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) price target from $384 to $385. Canaccord Genuity analyst Whitney Ijem maintained a Buy rating. Alnylam Pharmaceuticals shares closed at $256.45 on Friday. <a href="https://www.benzinga.com/quote/ALNY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods raised Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target from $255 to $305. Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained a Market Perform rating. Coinbase shares closed at $274.31 on Friday.  <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut the price target for Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) from $155 to $150. B of A Securities analyst Wamsi Mohan maintained a Buy rating. Dell shares settled at $114.38 on Friday. <a href="https://www.benzinga.com/quote/DELL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank cut Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) price target from $128 to $105. Deutsche Bank analyst James Shin downgraded the stock from Buy to Hold. Merck shares closed at $83.01 on Friday. <a href="https://www.benzinga.com/quote/mrk/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43730195/top-3-defensive-stocks-that-may-collapse-in-q1">Top 3 Defensive Stocks That May Collapse In Q1</a></li>
</ul>

ALNY

BBWI

Brighthouse Financial, Inc. - Common Stock

DELL

DKNG

Hims & Hers Health, Inc. Class A Common Stock

HIMS

OTLK

WYNN

Coinbase To Rally Over 11%? Here Are 10 Top Analyst Forecasts For Tuesday

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Market Perform and raises the price target from $255 to $305.

Keefe, Bruyette & Woods Maintains Market Perform on Coinbase Glb, Raises Price Target to $305

Shares of Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) were trading lower on Friday, even after the company reported <a href="https://www.benzinga.com/25/02/43713994/coinbase-q4-earnings-highlights-revenue-beat-consumer-trading-volume-940-billion-company-welcomes-dawn-of-a-new-era-for-crypto">upbeat fourth-quarter revenues</a>.
The company reported its quarterly results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Goldman Sachs On Coinbase Global
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e53e894ece4e600011fe266/will-nance">Analyst Will Nance</a> reiterated a Neutral rating, while lifting the price target from $340 to $350.
Coinbase Global&#8217;s fourth-quarter total revenue reached $2.272 billion, exceeding the consensus estimate of $1.862 billion by 22%, Nance wrote. Transaction revenues beat consensus by 33%, while subscription and services revenue came in 6% above, he added.
The strong results were driven by volume growth and sequentially flat take rate, the analyst stated. "Against the stronger topline growth, the company demonstrated prudent opex control, with EBITDA margins approaching 57% in the quarter," he further wrote.
Canaccord Genuity On Coinbase Global
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5953a0d3988ca80001627cd8/joseph-vafi">Analyst Joseph Vafi</a> maintained a Buy rating, while raising the price target from $280 to $400.
Coinbase Global's revenues grew by 88% sequentially to $2.3 billion and adjusted EBITDA came in at $1.3 billion, Vafi said. "We believe this level of inherent profitability in the COIN model should be highlighted and we believe there is more operating leverage in a scenario where revenue moves higher," he wrote.
The company continues to gain market share, despite not being the lowest cost service provider, the analyst stated. The midpoint of management's first-quarter guidance for subscription and service revenue came in at $725 million, implies 13% sequential growth, he added.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
JMP Securities On Coinbase Global
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58bff743b85e930001906474/devin-ryan">Analyst Devin Ryan</a> reaffirmed a Market Outperform rating, while lifting the price target from $400 to $475.
Coinbase Global's revenues grew 138% year-on-year to $2.3 billion and adjusted EBITDA by nearly 300% to $1.3 billion, Ryan said. "Coinbase exited 2024 with tremendous business momentum," he wrote.
Coinbase is benefiting from improving sentiment for the broader digital asset industry, the analyst stated. Management indicated that transaction activity had continued to grow at the same rate as in the fourth quarter, while projecting 13% sequential growth in Subscription &amp; Services revenue for the first quarter, he added.
HC Wainwright On Coinbase Global
<a></a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61d4371c30778300016abc55/mike-colonnese">Analyst Mike Colonnese</a> reiterated a Buy rating, while raising the price target from $330 to $350.
Coinbase Global continued to gain market share in a quarter that was strong for the broader crypto industry, Colonnese said. The company listed 13 new assets on the platform, which helped drive the 24% sequential rise in monthly transacting users (MTUs) in the quarter to 9.7 million.
"4Q call was the most bullish we have heard management on the future of crypto in the U.S.," the analyst wrote. The company guided to strong Subscription and Services revenue growth due to higher expected Stablecoin revenue, higher crypto asset prices and Coinbase One user growth, he further stated.
COIN Price Action: Shares of Coinbase Global were down 6.5% to $278.60 at the time of publication on Friday.
Read More:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43722350/airbnb-crushes-q4-estimates-as-classic-hotel-users-flock-to-short-term-rentals-heres-whats-driving-the-surge-in-nights-and-experiences">Billionaire Peter Thiel-Backed Crypto Startup Plasma Raises $20M To Develop Bitcoin-Based Stablecoin Network</a> </li>
</ul>
Photo: Shutterstock

Analyst Color

Earnings Beats

Coinbase Analysts See 'Inherent Profitability' In Q4 Results

Stocks are headed for weekly gains, with the Dow Jones dipping slightly and the S&amp;P 500 and Nasdaq trading just above the flatline Friday. Traders are digesting weaker-than-expected retail sales and the potential for peace talks<a href="https://www.benzinga.com/news/global/25/02/43732115/explosion-rocks-chernobyl-nuclear-site-as-zelenskyy-signals-readiness-for-peace-talks"> between Russia and Ukraine.&nbsp;</a>
Retail sales in the U.S. fell 0.9% month-over-month in January, significantly worse than the anticipated 0.1% drop. However, markets are largely shrugging off the weaker-than-expected retail sales figures which were likely affected by January's cold weather and California wildfires, as well as the upward revision of December results.
Geopolitical tensions eased slightly after Ukrainian President Volodymyr Zelenskyy<a href="https://www.benzinga.com/news/global/25/02/43732115/explosion-rocks-chernobyl-nuclear-site-as-zelenskyy-signals-readiness-for-peace-talks"> told reporters</a> at the Munich Security Conference on Friday that he is willing to participate in Trump&#8217;s peace initiative and eventual talks with Russia.
The price of Crude Oil slid another 0.52% Friday and is down 9.9% over the past month as the market reacted to President Donald Trump&#8216;s plans to impose reciprocal tariffs on trade partners and news of potential peace talks to end the war in Ukraine.
The yield on the 10-year U.S. Treasury note fell to below the 4.5% threshold on Friday, extending its pullback after January's retail sales data may have indicated some weakness in the U.S. consumer. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rose 0.7%. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose above the $98,000 level on a midday rally Friday and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) climbed more than 7%. 
<h2 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100 </td>
<td>19,988.34</td>
<td>0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,116.90</td>
<td>0.03%</td>
</tr>
<tr>
<td>Dow Jones </td>
<td>44,602.67</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,278.93</td>
<td>-0.14%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched up 0.3% to $609.92</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was down 0.23% at $446.24</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.27% to $537.34.&nbsp;</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.14% to $225.82.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) dipped 0.14% to $226.78</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.72% to $90.36.&nbsp;</li>
</ul>
<h2 class="wp-block-heading">Friday's Stock Movers:&nbsp;</h2>
Shares of Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) and SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) tanked after NVIDIA Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) latest 13F filing revealed it had dissolved its stakes in both companies.&nbsp;
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>DraftKings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)&nbsp;</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>)&nbsp;</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)&nbsp;</li>
<li>JFrog, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>)&nbsp;</li>
<li>Wynn Resorts Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>)&nbsp;</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)&nbsp;</li>
<li>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>)&nbsp;</li>
<li>Procore Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>)&nbsp;</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)&nbsp;</li>
<li>Udemy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>)&nbsp;</li>
<li>Nu Skin Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUS#NYSE">NUS</a>)&nbsp;</li>
<li>Bio-Rad Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIO#NYSE">BIO</a>)&nbsp;</li>
</ul>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a></li>
</ul>
Image: Shutterstock

$XRP

SPDR Dow Jones Industrial Average ETF Trust

DXCM

FROG

MRNA

NVDA

PCOR

ROKU

SERV

SOUN

iShares Trust Barclays 20+ Year Treasury Bond Fund

UDMY

Select Sector SPDR-Consumer Discretionary

Stocks Head For Weekly Gains, US Treasury Yields Fall Below 4.5%: What's Driving Markets Friday?

Macro Economic Events

Economics

Benzinga Market Summary: Retail Sales Fall In January, Chinese Stocks Rise, Coinbase Reverses

Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares are trading lower on Friday amid a possible selloff. The stock initially traded higher on Thursday after the company reported 2024 fiscal-year <a href="https://www.benzinga.com//node/43713994">fourth-quarter earnings</a>.
The Details: Coinbase reported earnings per share of $4.68. In addition, the company reported sales of $2.27 billion, beating analysts&#8217; estimate of $1.83 billion.
Coinbase broke down its revenue further. It reported transaction revenue of $1.6 billion, representing a 172% quarter-over-quarter increase. Furthermore, it reported subscription and services revenue of $641 million, up 15% quarter-over-quarter.
The company announced $439 billion in quarterly trading volume and $404 billion in assets on the platform. It reported adjusted EBITDA of $1.3 billion, its highest ever.
&#8220;It's the dawn of a new era for crypto. Crypto's voice was heard loud and clear in the US elections, and the era of regulation via enforcement that crippled our industry in the US is on its way out. The Trump Administration is moving fast to fulfill its promise of making the US the crypto capital of the planet, and globally, leaders are taking notice and increasing their attention and investment into crypto,&#8221; said Coinbase in a letter to shareholders.
Coinbase issued guidance for the 2025 fiscal year&#8217;s first quarter. It sees subscription and services revenue from $685 million to $785 million. The company, as of February 11, has generated about $750 million in transaction revenue.
Analyst Changes: Following the earnings report, multiple analysts issued <a href="https://www.benzinga.com/25/02/43729389/coinbase-to-rally-around-34-here-are-10-top-analyst-forecasts-for-friday">price target adjustments</a>.
<ul>
<li>JMP Securities analyst Devin Ryan maintained a Market Outperform rating and raised the price target from $400 to $475.</li>
<li>Canaccord Genuity analyst Joseph Vafi maintained a Buy rating and raised the price target from $280 to $400.</li>
<li>Piper Sandler analyst Patrick Moley maintained a Neutral rating and raised the price target from $285 to $310.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/25/02/43737281/pfizers-talzennaxtandi-combo-improves-survival-outcomes-in-metastatic-castration-resistant-prostate-cancer">Pfizer&#8217;s Talzenna/Xtandi Combo Improves Survival Outcomes In Metastatic Castration-Resistant Prostate Cancer</a>
COIN Price Action: At the time of writing, Coinbase stock is trading 6.56% lower at $278.61, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Shutterstock

What's Going On With Coinbase Stock Friday?

Coinbase Global shares are trading lower amid a possible selloff. The stock initially traded higher yesterday after the company announced reported Q4 financial results.

Press Releases

Coinbase Announces Date of Fourth Quarter and Full Year 2024 Financial Results

Ancora Nominates Majority Slate of Director Candidates and Proposes Industry Legend Alan Kestenbaum as New CEO to Turn Around U.S. Steel

Crypto Stocks Plunge In Market Rout

Kuehn Law Encourages Investors of Coinbase Global, Inc. to Contact Law Firm

Coinbase to Host X Spaces With Co-Founder and CEO Brian Armstrong and CFO Alesia Haas

Companies Hoard Bitcoin to Boost Share Prices

Crypto Stocks Rally as Bitcoin Hovers Near $100K

Coinbase Releases Fourth Quarter and Full Year 2024 Shareholder Letter

IBN Announces CryptoNewsAudio Production Featuring John D'Agostino, Head of Strategy at Coinbase Institutional

SEC Drops Case Against Crypto Exchange Coinbase Global

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