Coinbase secures its crypto license in Singapore, but…

The largest cryptocurrency exchange in the United States, Coinbase (NASDAQ:), announced that Singapore’s central bank had approved it to provide payment services in the city-state. Individuals and institutions can now use services for digital payment tokens thanks to the in-principle approval the central bank granted to crypto firms last year. The firms are also subject … Read more

Coinbase Transaction Volume Continues to March Lower

© Reuters By Sam Boughedda Raymond James maintained its Underperform rating on Coinbase (NASDAQ:) in a note on Friday, stating that the cryptocurrency exchanges transaction volumes continue to march lower. The firm updated its model ahead of Coinbase’s third-quarter results. “We are lowering our 2Q22 adjusted EBITDA estimate by ~$14 million (to -$252 million) and … Read more

Coinbase Upgraded at Daiwa on Ability to Diversify Revenue By Investing.com

© Reuters By Sam Boughedda  Shares of Coinbase (NASDAQ:) were upgraded to Buy from Outperform by a Daiwa analyst on Friday, with the firm’s price target on the stock kept at $100 per share. The firm upgraded the stock after the recent share price retracement, with Coinbase shares down over 22% in the last month. … Read more

Ethereum Merge to Propel Coinbase Diversification

© Reuters By Sam Boughedda An Oppenheimer analyst said in a note to clients Wednesday that the Ethereum Merge will “propel” Coinbase (NASDAQ:) diversification efforts. The analyst has a $107 price target and an Outperform rating on Coinbase. The Merge is getting closer to the final stage, expected on September 13 to 15. It will … Read more

Hiring at crypto exchange Coinbase up 33% despite recent layoffs

New Delhi, Sep 5 (IANS) Despite laying off 1100 employees, leading cryptocurrency exchange Coinbase (NASDAQ:), its full-time employee count stood at 4,977 at the end of the June quarter (Q2) — a 33 per cent rise from the 3,730 workers it had at the end of Q4 2021, a report showed on Monday. According to … Read more