Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

COINBASE GLOBAL, INC.

(COIN)
  Report
Delayed Quote. Delayed Nasdaq - 10/20 04:00:00 pm
314.71 USD   +2.97%
10:38aCrypto-Related Stocks Surge as Bitcoin Hits New Record High
MT
09:26aINSIDER SELL : Coinbase Global
MT
10/19Dow Jones Industrial Average : Wall Street rises as investors bet on earnings
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Coinbase Global : scraps plans for crypto lending program

09/20/2021 | 01:35pm EDT

Sept 20 (Reuters) - Coinbase Global Inc has scrapped its plan to launch an interest-yielding USD Coin (USDC) lending program, the cryptocurrency exchange said in a blog post.

The move comes days after U.S. regulators said it would sue Coinbase if it went ahead with its program allowing users to earn interest by lending digital assets.

"As we continue our work to seek regulatory clarity for the crypto industry as a whole, we've made the difficult decision not to launch the USDC APY program," Coinbase's blog post said. (https://bit.ly/3tVaUuw)

USDC is a stablecoin that is pegged to the U.S. dollar and can be redeemed for $1 on a one-to-one basis.

The crypto exchange also said it has discontinued the waitlist for its USDC APY (annual percentage yield) program, a high-yield alternative to traditional savings accounts that would have paid lenders of USDC to Coinbase a 4% APY.

Coinbase, which said it has seen a rise in crypto interest account in recent times, had been planning to offer a principal guarantee to lenders of USDC in their Coinbase account.

It added that a 4% APY on USDC would provide a customer eight times the national average on high-yield savings accounts, based on a Bankrate.com survey of U.S. savings accounts in June 2021. (Reporting by Sohini Podder in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
All news about COINBASE GLOBAL, INC.
10:38aCrypto-Related Stocks Surge as Bitcoin Hits New Record High
MT
09:26aINSIDER SELL : Coinbase Global
MT
10/19Dow Jones Industrial Average : Wall Street rises as investors bet on earnings
RE
10/19COINBASE GLOBAL : Chosen as Custody Partner for Facebook's New Digital Wallet
MT
10/19GlobalFoundries seeks $25 billion valuation in U.S. IPO as chip demand soars
RE
10/19FACEBOOK : Chooses Coinbase as Custody Partner for New Digital Wallet, Novi; COIN Shares C..
MT
10/19PRESS RELEASE : Advanced Blockchain AG Has Invested in Obol Technologies
DJ
10/18FTSE Closed Down Due to Concerns Over Rising Energy Prices, and China's Low 3Q Numbers
DJ
10/18FTSE Down, Gilt Yields Hit Fresh Highs as Investors Bet on November Rate Rise
DJ
10/15CLOSE UPDATE : US Stocks Gain Friday Amid Upbeat Earnings Reports, Surprise Rise in Retail..
MT
More news
Analyst Recommendations on COINBASE GLOBAL, INC.
More recommendations
Financials (USD)
Sales 2021 7 097 M - -
Net income 2021 3 101 M - -
Net cash 2021 4 233 M - -
P/E ratio 2021 25,2x
Yield 2021 -
Capitalization 66 381 M 66 381 M -
EV / Sales 2021 8,76x
EV / Sales 2022 9,53x
Nbr of Employees 2 176
Free-Float 54,7%
Chart COINBASE GLOBAL, INC.
Duration : Period :
Coinbase Global, Inc. Technical Analysis Chart | COIN | US19260Q1076 | MarketScreener
Technical analysis trends COINBASE GLOBAL, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 314,71 $
Average target price 338,40 $
Spread / Average Target 7,53%
EPS Revisions
Managers and Directors
Brian Armstrong Chief Executive Officer & Director
Alesia J. Haas Chief Financial Officer
Fred Ehrsam Director
Frederick R. Wilson Director
Kathryn Haun Director
Sector and Competitors
1st jan.Capi. (M$)
COINBASE GLOBAL, INC.0.00%64 466
MARATHON DIGITAL HOLDINGS, INC.416.38%5 371
RIOT BLOCKCHAIN, INC.81.46%2 958
ARGO BLOCKCHAIN PLC287.88%825