$Coinbase Global, Inc.(COIN)$

$Coinbase Global, Inc.(COIN)$ Everyone looking for the best ETH Beta seems to be missing the most obvious one COIN

ETH is the main driver for Coinbase blockchain reward revenues. The average ETH price over last quarter was ~$2.9K and still generated $151M

Ethereum is one of the biggest transaction fee drivers for Coinsbase Base One of the fastest-growing L2s in crypto and is built on Ethereum.

Volatility will likely increase if Total3 gets dragged up with ETH price

COIN is the main custodian for the ETH ETFs including BlackRock

Lawsuit by the SEC likely weakened, as Ethereum is deemed a commodity in the ETF documents

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Comments

glimzy
05-28
glimzy
Volatility may increase if Total3 rises alongside the ETH price.
chikki
05-28
chikki
The SEC lawsuit is likely affected by Ethereum's commodity status.
TomCap
05-28
TomCap
🙌🇸🇬 ETH's impact on Coinbase's revenue is significant.

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The average ETH price over last quarter was ~$2.9K and still generated $151M Ethereum is one of the biggest transaction fee drivers for Coinsbase Base One of the fastest-growing L2s in crypto and is built on Ethereum. Volatility will likely increase if Total3 gets dragged up with ETH price COIN is the main custodian for the ETH ETFs including BlackRock Lawsuit by the SEC likely weakened, as Ethereum is deemed a commodity in the ETF documents </body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"COIN\" class=\"teditor-mention\" data-mention-name=\"Coinbase Global, Inc.\" href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> <v-v data-views=\"1\"></v-v>Everyone looking for the best ETH Beta seems to be missing the most obvious one COINETH is the main driver for Coinbase blockchain reward revenues. The average ETH price over last quarter was ~$2.9K and still generated $151M Ethereum is one of the biggest transaction fee drivers for Coinsbase Base One of the fastest-growing L2s in crypto and is built on Ethereum. Volatility will likely increase if Total3 gets dragged up with ETH price COIN is the main custodian for the ETH ETFs including BlackRock Lawsuit by the SEC likely weakened, as Ethereum is deemed a commodity in the ETF documents </body></html>","text":"$Coinbase Global, Inc.(COIN)$ Everyone looking for the best ETH Beta seems to be missing the most obvious one COIN ETH is the main driver for Coinbase blockchain reward revenues. The average ETH price over last quarter was ~$2.9K and still generated $151M Ethereum is one of the biggest transaction fee drivers for Coinsbase Base One of the fastest-growing L2s in crypto and is built on Ethereum. 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