The business has a number of positive catalysts including its smart wallet, Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said. Coinbase (COIN) had a blowout first quarter as it benefited from improving crypto market conditions and business diversification efforts, broker JMP said in a research report on Thursday. The crypto exchange reported first-quarter net income of $1.2 billion and diluted earnings per share (EPS) of $4.40. Earnings included a mark-to-market gain of about $650 million on crypto assets held for investment. The world’s largest cryptocurrency, bitcoin (BTC), gained more than 34% in the first quarter, while the CoinDesk 20 Index (CD20) rose nearly 17%.
LIVE
Mkt Cap $2.30T
BTC Dom 56.74 %
BTC
$64,968.00
▲ +0.50%
ETH
$1,919.50
▲ +0.40%
USDT
$0.999411
▲ +0.00%
BNB
$594.60
▲ +1.00%
USDC
$0.99966
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.99
▲ +2.30%
TRX
$0.328907
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.78
▼ -3.10%
DOGE
$0.070253
▲ +1.40%
USDS
$0.999789
▲ +0.00%
RAIN
$0.012674
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$506.79
▲ +0.10%
ADA
$0.199449
▼ -0.80%
XMR
$377.39
▲ +2.70%
WBT
$56.23
▲ +0.50%
LINK
$8.34
▲ +0.90%
XLM
$0.163639
▲ +1.00%
DAI
$0.999896
▲ +0.00%
BCH
$216.60
▲ +0.60%
USD1
$0.999821
▲ +0.00%
USDE
$0.999599
▲ +0.00%
GRAM
$1.36
▲ +2.10%
Mkt Cap $2.30T
BTC Dom 56.74 %
BTC
$64,968.00
▲ +0.50%
ETH
$1,919.50
▲ +0.40%
USDT
$0.999411
▲ +0.00%
BNB
$594.60
▲ +1.00%
USDC
$0.99966
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.99
▲ +2.30%
TRX
$0.328907
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.78
▼ -3.10%
DOGE
$0.070253
▲ +1.40%
USDS
$0.999789
▲ +0.00%
RAIN
$0.012674
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$506.79
▲ +0.10%
ADA
$0.199449
▼ -0.80%
XMR
$377.39
▲ +2.70%
WBT
$56.23
▲ +0.50%
LINK
$8.34
▲ +0.90%
XLM
$0.163639
▲ +1.00%
DAI
$0.999896
▲ +0.00%
BCH
$216.60
▲ +0.60%
USD1
$0.999821
▲ +0.00%
USDE
$0.999599
▲ +0.00%
GRAM
$1.36
▲ +2.10%
BTC
$64,968.00
▲ +0.50%
ETH
$1,919.50
▲ +0.40%
USDT
$0.999411
▲ +0.00%
BNB
$594.60
▲ +1.00%
USDC
$0.99966
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.99
▲ +2.30%
TRX
$0.328907
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.78
▼ -3.10%
DOGE
$0.070253
▲ +1.40%
USDS
$0.999789
▲ +0.00%
RAIN
$0.012674
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$506.79
▲ +0.10%
ADA
$0.199449
▼ -0.80%
XMR
$377.39
▲ +2.70%
WBT
$56.23
▲ +0.50%
LINK
$8.34
▲ +0.90%
XLM
$0.163639
▲ +1.00%
DAI
$0.999896
▲ +0.00%
BCH
$216.60
▲ +0.60%
USD1
$0.999821
▲ +0.00%
USDE
$0.999599
▲ +0.00%
GRAM
$1.36
▲ +2.10%
Mkt Cap $2.30T
BTC Dom 56.74 %
BTC
$64,968.00
▲ +0.50%
ETH
$1,919.50
▲ +0.40%
USDT
$0.999411
▲ +0.00%
BNB
$594.60
▲ +1.00%
USDC
$0.99966
▲ +0.00%
XRP
$1.04
▲ +0.30%
SOL
$74.99
▲ +2.30%
TRX
$0.328907
▲ +0.30%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.78
▼ -3.10%
DOGE
$0.070253
▲ +1.40%
USDS
$0.999789
▲ +0.00%
RAIN
$0.012674
▼ -0.20%
LEO
$9.71
▼ -0.50%
ZEC
$506.79
▲ +0.10%
ADA
$0.199449
▼ -0.80%
XMR
$377.39
▲ +2.70%
WBT
$56.23
▲ +0.50%
LINK
$8.34
▲ +0.90%
XLM
$0.163639
▲ +1.00%
DAI
$0.999896
▲ +0.00%
BCH
$216.60
▲ +0.60%
USD1
$0.999821
▲ +0.00%
USDE
$0.999599
▲ +0.00%
GRAM
$1.36
▲ +2.10%
