Cryptocurrency platform Coinbase Global Inc COIN announced hasit received a Wells Notice from the Securities and Exchange Commission. The announcement came…
CONVERTED ORGANICS (COIN) - Coinbase Is A Leading Driver, Beneficiary Of Cryptocurrency Economy: JPMorgan benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
The integration of emerging blockchain technology and traditional finance enables crypto to become part of the payments ecosystem, the analyst said. COIN creates trusted and easy-to-use products, crypto assets that can be dynamically transmitted, stored, and programmed to serve the needs of an increasingly digital and globally interconnected economy.
Coinbase has also diversified trading revenue exposure by expanding the ecosystem and creating an entire set of ancillary services, he said.
About 25% of retail users also engaged with at least non-investing product in the first quarter, Katri said.
Recent rising mix of institutional trading volumes reduces volatility in overall trading revenues, and this is reflected in recent bullish second quarter and 2021 guidance, the analyst said.