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.
One of the best-performing IPOs of 2020 was SaaS company C3.ai Inc (NASDAQ: AI). The stock priced at $42, above its initial range of $30 to $33, and closed at $161 in their first week of trading.
Growth Ahead: C3.ai is called a disruptive enterprise software vendor by Wedbush analyst Daniel. Read More.