Coinbase has officially launched 24/5 stock and ETF trading for U.S. investors, integrating USDC for more efficient transactions. This strategic move is aimed at diversifying revenue streams and positioning Coinbase as a key player amidst the growing popularity of USDC, benefiting from its partnership with Circle Internet Group. Despite facing challenges with a nearly 40% decline in stock value over the past six months, the platform's innovative features, including zero-commission trading, signify a renewed effort to enhance user engagement and market competitiveness.
“JUST IN: Coinbase $COIN now offering 24/5 stock and ETF trading, incorporates USDC. $CRCL”
“Coinbase keeps 100% of the interest earned on USDC held directly on its platform. For USDC held elsewhere — on other exchanges, in DeFi protocols, or in corporate treasuries — Coinbase and Circle split reserve income 50/50.”
“Coinbase does not issue USDC — Circle does. But the companies have structured a partnership that makes Coinbase one of the largest beneficiaries of USDC growth.”
“Coinbase Global, Inc. · share was trading at · $164.32 · February 13th”
“COIN · trailing P/E was · 36.93”
“COIN · forward P/E was · 26.60”
“Coinbase Global, Inc. · operates · a platform for crypto assets · in the United States and internationally”
“Coinbase Global, Inc. · serves as the primary custodian for · more than 80% of U.S. spot Bitcoin and Ethereum ETFs”
“Coinbase · continues to expand · higher-margin recurring revenue streams”
“Coinbase · represents · a sold-off high-quality growth company”
“73 hedge fund portfolios · held · COIN · at the end of the third quarter”
“previous quarter · number of hedge fund portfolios holding COIN · 87”
