Coinbase Global (COIN) stock has declined by 15.1% over 21 trading days. The recent decline is indicative of increased regulatory scrutiny and the vulnerability of stable coin revenue; however, significant drops like this often prompt a more challenging question: is this weakness a temporary phenomenon, or does it indicate deeper issues?
With the rise of prediction markets and asset tokenization, it seems like Coinbase (NASDAQ:COIN) has a front-row seat to two of the hottest emerging growth drivers that could power its shares to an impressive comeback in the new year, even as the crypto trade begins to exhibit a bit of weakness.
Coinbase Global (NASDAQ: COIN) inched up on Dec. 22nd following news that famed investor Cathie Wood has loaded up on the crypto stock that's been gasping for gains in recent months. Last week, the founder and chief executive of Ark Invest spent over $26 million to load up on more than 106,500 COIN shares.
Coinbase is expanding its new prediction markets business by acquiring The Clearing Company. The acquisition, announced Monday (Dec. 22), comes days after Coinbase said it would begin offering access to prediction markets in the U.S.
Coinbase said on Monday it will buy prediction markets startup The Clearing Company, its tenth acquisition this year, as the crypto exchange looks to expand beyond its core digital assets business.
Stock splits can be a sign of confidence from management that a stock's momentum can continue. These two stocks trade for triple-digit prices, but their valuations look attractive with good upside.
Coinbase said on Monday it will buy prediction markets startup The Clearing Company, as the crypto exchange looks to expand beyond its core digital assets business.
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