Coinbase undercut its 50-day moving average on Monday as bitcoin retreated from highs. Does that make Coinbase stock a buy or sell now? Some may be tempted to buy the dip, but not before running through some key technical indicators.
Frederick Ernest Ehrsam III, a director at Coinbase Global , Inc. (NASDAQ:COIN), has sold shares worth approximately $3.17 million, according to a recent SEC filing. The sale comes as the cryptocurrency exchange company maintains a strong market position with a market capitalization of $70.
The chief executive of major bitcoin and crypto exchange Coinbase has predicted when the bitcoin price could flip gold's $18
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Crypto exchange Coinbase (COIN) said it received regulatory approval to offer services to users in Argentina.
The Coinbase CEO Brian and a CryptoQuant analyst have explained why it would be more beneficial for countries to prioritize Bitcoin over gold. Discussions surrounding Bitcoin's potential as a reserve asset have gained momentum,
On Tuesday, light truck clean energy solutions provider Worksport Ltd (NASDAQ:WKSP) announced that it had selected Coinbase Global, Inc (NASDAQ:
On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.
Furthermore, instead of issuing these loans on a blockchain even remotely related to Bitcoin (such as Bitcoin sidechains or Bitcoin L2s), Coinbase is issuing them through Morpho Labs, a DeFi platform best described as an AAVE competitor. While Morpho is a well-established platform—and I don’t doubt its security—it has no connection to Bitcoin.
If you're a Coinbase user, you may be able to use the bitcoin you own as collateral to get a loan thanks to a new service launched Thursday. But the offering has its risks.
On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.
Coinbase's setup caps each borrow at $100,000 in USDC. To borrow that much money customers will need to post more than that amount of bitcoin. Morpho will start liquidating the collateral if the loan-to-value ratio flies too close to the sun.