In a series of significant reports related to the cryptocurrency exchange, Coinbase, some noteworthy shifts and predictions are unveiled. Forecasts suggest a possible catalyst for Coinbase's stock in 2025, possibly via the Base blockchain. Ethereum (ETH) sell-offs with skyrocketing figures of 6,663 stun Coinbase, implying massive trading activity. The selling activity on Bitcoin through Coinbase is also noted as significant. However, it isn't all positive, as Coinbase is under scrutiny for market manipulation, which may impact investor confidence.
Regulatory laws such as MiCA taking effect could spell doom for Tether in Europe, another event that could affect Coinbase's market standing. Additionally, accusations have been leveled against Coinbase for de-banking crypto hedge funds and delisting wBTC linked to Chinese billionaire Justin Sun.
On the other hand, Coinbase shows robust revenue generation, even outpacing Nasdaq. This growth is likely due to the trading volume surge on Coinbase International, which hit a colossal $119 billion weekly high, possibly from the addition of Dash and Tezos on Coinbase Pro.
Looking into the future, Coinbase plans major developments for crypto in 2025 and has added new board members such as Chris Lehane, Paul Clement, and Christa Davies. It is also expanding its offerings to include futures for oil and gold, signalling diversification in its portfolio.
Coinbase News Analytics from Wed, 03 Apr 2024 07:00:00 GMT to Sat, 28 Dec 2024 22:07:57 GMT - Rating +5 - Innovation +6 - Information +7 - Rumor -3
