{"id":34127,"date":"2022-11-04T17:52:57","date_gmt":"2022-11-04T17:52:57","guid":{"rendered":"http:\/\/egrowonline.com\/?p=34127"},"modified":"2022-11-04T17:52:57","modified_gmt":"2022-11-04T17:52:57","slug":"why-bitcoin-ethereum-and-litecoin-related-stock-coinbase-is-rising-coinbase-global-nasdaqcoin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=34127","title":{"rendered":"Why Bitcoin-, Ethereum- And Litecoin-Related Stock Coinbase Is Rising &#8211; Coinbase Global (NASDAQ:COIN)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\"><strong class=\"core-block\">Coinbase Global Inc<\/strong> <span class=\"ticker\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\">COIN<\/span> shares are trading higher by 4.73% to $58.44 during Friday&#8217;s session after the company <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29557982\/coinbase-q3-earnings-recap-revenue-and-eps-miss-monthly-users-fall-less-than-robinhood-sto\" class=\"core-block\" rel=\"noopener\">reported<\/a> third-quarter\u00a0financial results and issued FY22 guidance.<\/p>\n<p class=\"core-block\"><strong class=\"core-block\">What Happened?<\/strong><\/p>\n<p class=\"core-block\">Coinbase reported third-quarter revenue of $590.34\u00a0million, down 28% sequentially. The revenue total missed a Street estimate of $659.88 million, according to data from\u00a0<a target=\"_blank\" href=\"https:\/\/pro.benzinga.com\/feature\/newsfeed\/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348\" class=\"core-block\" rel=\"noopener\">Benzinga Pro.<\/a><\/p>\n<p class=\"core-block\">The company reported a loss of $2.43 per share, missing a Street estimate of a loss of $2.40 per share.<\/p>\n<p class=\"core-block\">Transaction revenue was $366 million in the third quarter, down 44% sequentially. Subscription and services revenue of $211 million was up 43% sequentially&#8230;<em class=\"core-block\"><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29557982\/coinbase-q3-earnings-recap-revenue-and-eps-miss-monthly-users-fall-less-than-robinhood-sto\" class=\"core-block\" rel=\"noopener\">Read More<\/a><\/em><\/p>\n<p class=\"core-block\">Coinbase Global has a 52-week high of $368.90 and a 52-week low of $40.83.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMieGh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9uZXdzL2Vhcm5pbmdzLzIyLzExLzI5NTczNDA2L3doeS1iaXRjb2luLWV0aGVyZXVtLWFuZC1saXRlY29pbi1yZWxhdGVkLXN0b2NrLWNvaW5iYXNlLWlzLXJpc2luZ9IBAA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc COIN shares are trading higher by 4.73% to $58.44 during Friday&#8217;s session after the company reported third-quarter\u00a0financial results and issued FY22 guidance. What Happened? Coinbase reported third-quarter revenue of $590.34\u00a0million, down 28% sequentially. The revenue total missed a Street estimate of $659.88 million, according to data from\u00a0Benzinga Pro. The company reported a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[50,315,158,270,7233,8080,2040,593],"class_list":["post-34127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-bitcoin","tag-coinbase","tag-ethereum","tag-global","tag-litecoinrelated","tag-nasdaqcoin","tag-rising","tag-stock"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/woman-3373913_1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34127"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34127\/revisions"}],"predecessor-version":[{"id":34129,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34127\/revisions\/34129"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/34128"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34127"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}