Seeking Alpha
2022-08-09 13:00:00

Coinbase Has Rallied 90% And The BlackRock Partnership Couldn't Have Come At A Better Time

Coinbase has rallied 92.77% over the past month but is still down -63.58% YTD and shares are still off their 1-year highs by -74.78%.Coinbase generates the majority of its revenue from transaction fees and 76.05% of its transaction volume comes from institutions.The BlackRock partnership through Aladdin could drive a substantial amount of transactions through Coinbase's platform leading to growing revenue.Coinbase still has a lot of problems to work through such as their operational expenses and many variables that are unpredictable such as the SEC.Investors should do a lot of research because investing in Coinbase comes with variables that other companies do not face.The fall from grace has been dramatic for shares of Coinbase (COIN). Over the past year shares topped out around $368.90 and witnessed an -88.18% decline as shares fell -$328.02 to $40.88 in June. Over the past month, shares of COIN have rallied just 92.77% but are still down -63.58% YTD and are still off their highs by roughly 75%. Shares of COIN recently spiked as news broke about its partnership with BlackRock (BLK), allowing its institutional users to trade Bitcoin (BTC-USD). The BLK partnership announcement couldn't have come at a better time as COIN has been associated with negative headlines such as layoffs and declining numbers. Its Q1 2022 earnings report was difficult as COIN missed on the top and bottom line, and the estimates for Q2 are not pretty. I ...

Crypto Haber Bülteni Al
Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez