'FTX is gone ... Coinbase does not have many legitimate competitors longer term,' Oppenheimer analyst Owen Lau says. 'Coinbase could be one of the survivors in the space.' Watch more:
Coinbase shares are rising roughly 20% over the last five days, as the crypto exchange announced a second round of job cuts on Tuesday.
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Cathie Wood's Ark Invest buys $1.45 million of Coinbase stock amid rallyCathie Wood's Ark Invest scoops up $1.45 million of Coinbase stock as the crypto exchange pops 25% in the past five days
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Coinbase (COIN) Rises 15%, Will Other Crypto Stocks Follow?Coinbase stock recorded 15% jump on Monday, leading other crypto stocks' growth
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ARK Makes Coinbase Buy as COIN Jumps 20% On-WeekCathie Wood's arkinvest made its first purchase of the year of coinbase shares as the stock rallies. thesamreynolds reports.
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Coinbase cutting nearly 1,000 jobs, citing rough cryptocurrency climateCryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.
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Coinbase stock leaps more than 15% as analysts say it can benefit from FTX's demise“We expect $COIN to regain a portion of its share losses from the past 2+ years, but still see a steep climb to Street estimates in FY25,” Jefferies analysts said. Coinbase stock has fallen 83% over the past 12 months:
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Coinbase To Cut 950 Jobs As `Cryptoeconomy’ StrugglesThe cryptocurrency exchange’s full-year adjusted Ebitda loss will be within a previously announced $500 million maximum.
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