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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Index publisher MSCI looking at launch of crypto indexes

06/17/2021 | 07:42am EDT
Illustration of Bitcoin

(Reuters) - Global securities index publisher MSCI is looking at launching indexes for cryptocurrency assets, according to Chief Executive Henry Fernandez, in what would be another step towards mainstream acceptance for digital currencies and the companies trading in them.

Fernandez, speaking at a Clubhouse event organized by venture capital firm Andreessen Horowitz earlier this week, said MSCI has been talking to experts and is aiming to launch crypto indexes.

He gave no details on what assets any index would focus on nor any timeline for their introduction and MSCI later declined a Reuters request to elaborate on his comments.

Companies including Bank of New York Mellon Corp, Mastercard, Visa and Goldman Sachs have taken small steps towards supporting cryptocurrencies but they are still little used in day-to-day life.

In May, the S&P Dow Jones Indices unveiled new cryptocurrency indexes, bringing bitcoin and ethereum to the trading floors of Wall Street. The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them.

Crypto exchange Coinbase Global, of which Andreessen Horowitz is the biggest shareholder, also successfully listed on the tech-heavy NASDAQ in April, as bitcoin hit a record peak.

MSCI has been looking to expand its offerings, with Fernandez saying on Clubhouse the areas of private credit and environmental, social and governance (ESG) held opportunities for the company.

In April, the company launched 20 thematic indexes to help investors bet on "megatrends" in China that are aligned with the Chinese government's policy goals.

The company publishes popular indexes for global equities and other securities, used by asset managers and investors to guide the allocation of $14.5 trillion in assets globally as of the end of 2020.

Inclusion in its indexes tends to open the door to more funds investing in the asset in question.

(Reporting by Aaron Saldanha in Bengaluru and Sujata Rao in London; additional reporting by Tom Wilson, editing by Patrick Graham and Anil D'Silva)

By Aaron Saldanha


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF NEW YORK MELLON CORPORATION (THE) 0.10% 51.55 Delayed Quote.21.35%
BITCOIN - EURO -4.00% 34945.08 Real-time Quote.54.35%
BITCOIN - UNITED STATES DOLLAR -4.20% 40884 Real-time Quote.47.86%
COINBASE GLOBAL, INC. -2.39% 231.82 Delayed Quote.0.00%
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.13.59%
ETHEREUM (ETH/BTC) -2.67% 0.067081 Real-time Quote.168.87%
ETHEREUM (ETH/EUR) -6.59% 2345.66 Real-time Quote.315.30%
ETHEREUM - UNITED STATES DOLLAR -6.54% 2745.22 Real-time Quote.297.54%
MSCI INC. 1.19% 661.37 Delayed Quote.48.11%
NASDAQ COMP. -0.03% 15047.699032 Real-time Quote.16.79%
S&P 500 0.15% 4455.48 Delayed Quote.18.45%
All news about COINBASE GLOBAL, INC.
09/24Dow, S&P 500 end with gains up after bumpy week, but Nike drags
RE
09/24S&P 500 ends slightly up after bumpy week, but Nike drags
RE
09/24Wall St near even, dragged by Nike 6% drop after warning
RE
09/24China's top regulators ban crypto trading and mining, sending bitcoin tumbling
RE
09/24CATHIE WOOD : Chinese crackdown on bitcoin another blow to Cathie Wood's ARK ETF
RE
09/24Bitcoin slips after China central bank vows to crack down on crypto trading
RE
09/21GLOBAL MARKETS LIVE : Vivendi, EssilorLuxottica, Compass, StageCoach, Allianz...
09/21VC DAILY : Debut Fundraising Success Rate -2-
DJ
09/20COINBASE GLOBAL : scraps plans for crypto lending program
RE
09/20COINBASE GLOBAL : Restaurant-software provider Toast seeks $18 bln valuation with raised I..
RE
More news
Analyst Recommendations on COINBASE GLOBAL, INC.
More recommendations
Financials (USD)
Sales 2021 6 921 M - -
Net income 2021 2 994 M - -
Net cash 2021 3 711 M - -
P/E ratio 2021 19,2x
Yield 2021 -
Capitalization 48 898 M 48 898 M -
EV / Sales 2021 6,53x
EV / Sales 2022 7,14x
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
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 231,82 $
Average target price 335,53 $
Spread / Average Target 44,7%
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%48 898
MARATHON DIGITAL HOLDINGS, INC.246.55%3 605
RIOT BLOCKCHAIN, INC.64.39%2 680
ARGO BLOCKCHAIN PLC296.97%818