UPDATE: Coinbase Global Inc. (COIN) PT Raised to $300 at Mizuho on Higher Bitcoin, Says Stock is a Trade, Not an Investment

Go back to UPDATE: Coinbase Global Inc. (COIN) PT Raised to $300 at Mizuho on Higher Bitcoin, Says Stock is a Trade, Not an Investment

Custody for Facebook's (FB) Novi a Win for Coinbase (COIN) - JMP

October 20, 2021 7:33 AM EDT

JMP analyst Devin Ryan has weighed in to discuss yesterdays news that Facebook (NASDAQ: FB) selected Coinbase (NASDAQ: COIN) as a custodian for its crypto project Novi.

The digital wallet will allow people to send and receive money abroad quickly and with no fees. Coinbase Custody will be engaged to support Novi.

Ryan, who rates Coin as Market Perform with a $330.00 per share price target, shared... More

Coinbase Global Inc's (COIN) Facebook Custody Deal Proves Growth is in Early Stages - JMP Securities

October 20, 2021 6:33 AM EDT

JMP Securities analyst Devin Ryan reiterated a Market Outperform rating and $330.00 price target on Coinbase Global Inc. (NASDAQ: COIN) after the company announced that it would provide crypto custody for Facebook's (NASDAQ: FB) pilot of its digital... More

Goldman Sachs Defends Remitly Global Inc (RELY) on Sell-Off Related to Facebook Novi News

October 19, 2021 1:59 PM EDT

Goldman Sachs analyst Will Nance defends Remitly Global Inc (NASDAQ: RELY), which is down 13% on news Facebook, Coinbase, Paxos, and Remitly announced a number of updates around Novi, Facebook's digital wallet that aims to facilitate lower cost, faster money transfers using digital assets.

Nance commented, "The stock reacted negatively... More

Coinbase (COIN) option implied volatility flat as Bitcoin near record high

October 19, 2021 10:04 AM EDT

Coinbase (NASDAQ: COIN) 30-day option implied volatility is at 61; compared to its 52-week range of 45 to 81 as Bitcoin near record amid debut of futures-based ETF.

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Coinbase (COIN) Stock Regains $300, Analyst Expect More Benefits From the Approval of a Bitcoin (BTC) Futures ETF

October 19, 2021 9:54 AM EDT

Bitcoin (BTC) price is trading nearly 3% higher as the buyers continue to push for the fresh record-high ahead of the expected market debut of the first BTC Futures ETF.

ProShares' Bitcoin Strategy ETF is due to debut today under the ticker BITO if the Securities and Exchange Commission (SEC) does not oppose it. Many industry experts believe Bitcoin stands to benefit from the approved ETF.

"It can attract flows from investors who prefer the ease of an ETF over the perceived risk of an exchange," Martha Reyes, head of research at crypto exchange Bequant, told Reuters.

Piper... More

Pre-Open Stock Movers 10/19: (WATT) (ETTX) (HRMY) Higher; (AVIR) (GRTX) (MGNI) Lower (more...)

October 19, 2021 9:22 AM EDT

Pre-Open Stock Movers:

Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) 72.6% LOWER; reported that the global Phase 2 MOONSONG trial evaluating AT-527 in the outpatient setting did not meet the primary endpoint of reduction from baseline in the amount of SARS-CoV-2 virus in patients with mild or moderate COVID-19 compared to placebo in the overall study population, of which approximately two thirds of patients were low-risk with mild symptoms. However, in high-risk patients with underlying health conditions, a reduction of viral load of approximately 0.5 log10 at Day 7 was observed at 550 mg (prespecified subgroup... More

Coinbase (COIN) to power crypto custody for Facebook's (FB) Novi

October 19, 2021 9:14 AM EDT

(Updated - October 19, 2021 9:15 AM EDT)

Facebook (NASDAQ: FB) has chosen Coinbase (NASDAQ: COIN) as its custody partner for its pilot of Novi, a new digital wallet that enables people to send and receive money abroad instantly, securely, and with no fees.

For the pilot, Coinbase is supporting Novi via Coinbase Custody, which keeps user funds secure with our proprietary, fully segregated cold... More

Coinbase (COIN) calls active as shares rally 5.7%

October 18, 2021 10:32 AM EDT

Coinbase (NASDAQ: COIN) October weekly call option implied volatility is at 87, November is at 65; compared to its 52-week range of 45 to 81 into hosting a special event today as shares rally 5.7%. Call put ratio 3 calls to 1 put.

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Coinbase (COIN) Climbs 4.5%

October 18, 2021 10:26 AM EDT

Coinbase (NASDAQ: COIN) Climbs 4.5%

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