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Coinbase (COIN) stock surges 26% in 5 days, as BTC price pumps &…

Coinbase (COIN) stock surges 26% in 5 days, as BTC price pumps &... 6

The majority of the stock & crypto analysts are predicting that the upcoming Q4 2023 revenue report will show an increase by 100%. All the positive sentiments are helping COIN stock attract Investors.

Coinbase is a US-based crypto exchange. The services of this crypto trading firm are available in the majority of the countries where crypto trading is legal. Since mid-2023, Coinbase has had huge legal hurdles with the country’s securities regulatory body SEC. The SEC body is forcibly trying to fight against Coinbase on behalf of traditional Securities laws. 

According to MarketWatch and FactSet estimations, the Coinbase firm expected to report a strong revenue boost for Coinbase in the fourth quarter, increasing by around 22% from the third quarter to $825 million.

Alongside such data-based reports, some people claimed that Coinbase will report a nearly double increment in its Q4 2023 revenue over Q3. 

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In short, Coinbase may report a $142.3 billion profit in Q4, while In Q3 the company generated $76 billion. 

Following all such speculations, the Coinbase (Coin) stock grabbed huge attention among investors. In the last 5 days, the trade price of COIN stock surged nearly 26%. 

In the last 24 hours, the Coin price surged 14.5% which is enough to show the investor’s sentiments around Coinbase stock. 

Coinbase (COIN) stock surges 26% in 5 days, as BTC price pumps &... 5
Source: Nasdaq exchange

In the last 6 months, the crypto market saw a significant pump in the trade price of the flagship crypto assets and obviously, the total crypto trade volume surging on the majority of the crypto platforms. 

Crypto companies, including the Coinbase exchange, generate the majority of the earnings from crypt trading fees during the bull phase of the crypto market. 

Bitcoin trade price

The current trade price of Bitcoin (BTC) is $52,237 & tthis trade is 55.46% higher than the last 24 hours’ trade price. 

Read also: 95% of human trafficking cases involve the use of Bitcoin & Crypto, says FinCEN

Coinbase (COIN) stock surges 26% in 5 days, as BTC price pumps &…

 

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