Gemini s crypto custody tops $30B as analyst predicts Coinbase shares will fall to $100 Gemini s crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, 6803 Total views News
The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top U.S. exchanges.
“Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have more than tripled our crypto under custody since the beginning of 2021.”
Gemini works with large asset managers including BlockFi, Blockchange, CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors, and WealthSimple.
Richard Drew/Associated Press This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Coinbase is expected to report earnings for the first time since its direct listing in mid-April.
Ark analyst Yassine Elmandjra shares how the stock could scale to the $2.5 trillion crypto market.
New Constructs CEO David Trainer breaks down why the stock could actually fall below $100 or less.
All eyes are on Coinbase as the largest US crypto exchange is expected to report its first earnings report as a public company after the market closes on Thursday.
At its hotly anticipated public debut on April 14, shares of Coinbase, which opened at $381, hit an intraday high of $429.54 before ending the day at $328.28, giving it a market cap of about $86 billion.
5/13/2021 9:26:50 AM GMT | By HotForex Analysis Team
Coinbase, H1 Coinbase Global, Inc., known as
Coinbase, is expected to report earnings today (May 13) after the market closes. The report is for the fiscal quarter ending March 2021. Coinbase went public on April 14 via a live listing on the Nasdaq exchange with the ticker COIN and the proposed listing price opened at $381.
The Coinbase platform allows retail and institutional customers to buy, sell and store cryptocurrencies such as Bitcoin and Ethereum. The company primarily reaches customers through the
Coinbase, Coinbase Pro and Coinbase Wallet apps and their websites. Coinbase had a total of around 56