Coinbase Stock Keeps Falling – Is it a Sell Signal for Bitcoin?
Last Updated: 18 May 2021
Despite what was a strong earnings performance for crypto exchange Coinbase (COIN) in its first report as a publicly-traded company, the stock hasn’t stopped falling since its direct listing.
In its Q1 2021 earnings report, the Bitcoin exchange revealed a total revenue of $1.8 billion, compared with $585 million in Q4 2020. In addition, Coinbase reported that its total trading volume stood at $335 billion, with institutional investors trading the most, at $215 billion. Retail investors contributed $120 billion in the first three months of the year.
Bitcoin is a Double-Edged Sword for Coinbase
Markets Insider
Goldman Sachs video game analyst Michael Ng s favorite stock right now is gaming company, Activision Blizzard.
It s on Goldman s Americas Conviction list, which represents his department s best ideas. We think that Activision s earnings power is underappreciated by the market and should benefit from a strong pipeline of new games, the expansion on to new platforms – whether that s on mobile or something else – and through new business models, whether that s free to play or subscription.
Ng and his team first upgraded Activision Blizzard in May 2019. It s been a great call and we continue to like it here, he said.
Traders Magazine
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IEX Exchange is changing its retail price improvement programme to enhance performance for retail investors, whose increased participation has led to larger equity volumes being traded off-exchange and whose treatment has come under scrutiny by lawmakers.
There have been estimates that nearly half, 45%, of total US equity trading volume is now being transacted off exchanges and the vast majority of that is retail trades.
Ronan Ryan, IEX
Ronan Ryan, co-founder and president of IEX Group, told Markets Media: “There has been an increased scrutiny on retail trading and a redoubling of focus on execution quality, which is something that IEX feels very strongly about.”