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- mmmkaymmmkay
  ·2021-04-16
  [Grin]
  Stocks jump at the open as Coinbase rises, Americans go shopping
  (April 15) U.S. stocks opened higher Thursday amid a raft of strong economic reports and corporate r
  Stocks jump at the open as Coinbase rises, Americans go shopping
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- mmmkaymmmkay
  ·2021-04-15
  agreed[Cool]
  Why Coinbase is a 'must-own' stock poised to hit $600: analyst
  Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the co
  Why Coinbase is a 'must-own' stock poised to hit $600: analyst
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The Nasdaq Composite index&nbsp;was up 122 points or 0.9%, near 13,980.</p><p>First-time filings for jobless benefits fell sharply in the most recent week, the Labor Department said Thursday morning, and retail sales rocketed nearly 10% in March as Americans spent their stimulus checks.</p><p>Shares of Coinbase Global Inc.&nbsp;gained on the second day of trading for the cryptocurrency exchange, boosted by both retail and institutional investors alike, and earnings for companies like Citigroup Inc.&nbsp;beat analyst expectations.</p><p>A separate report on Thursday showed that first-time filings for unemployment insurance dropped to the lowest level since March 2020. The Labor Department reported 576,000 new jobless claims for the week ended April 10. Economists polled by Dow Jones expected a total of 710,000.</p><p>Pepsi shares added 0.6% after the consumer snack and drink maker saidsales last quarter rose nearly 7%, topping estimates.</p><p>Shares of UnitedHealth, a Dow member, gained 1% after results topped the Street and the health insurer raised guidance for 2021.</p><p>Tech stocks rebounded from Tuesday losses in early trading with shares of Tesla up about 1%. Newly public crypto exchange Coinbase jumped 9% in early trading after it was revealed Ark Invest’s Cathie Woodloaded up on the first day of trading.</p><p>On Tuesday, the Food and Drug Administration called for a pause&nbsp;in administering J&amp;J’s Covid-19 vaccine aftersix people in the U.S. developed a rare disorderinvolving blood clots. The announcement triggered a sell-off in reopening plays earlier in the week, but is not expected to have a material impact on the pace of the U.S. vaccine rollout.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks jump at the open as Coinbase rises, Americans go shopping</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks jump at the open as Coinbase rises, Americans go shopping\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 15)&nbsp;U.S. stocks opened higher Thursday amid a raft of strong economic reports and corporate results.</p><p>The Dow Jones Industrial Average&nbsp;added 177 points, or 0.5%, according to preliminary estimates, to open near 33,908, while the S&amp;P 500gained 25 points or 0.6%, to start trading near 4,149. The Nasdaq Composite index&nbsp;was up 122 points or 0.9%, near 13,980.</p><p>First-time filings for jobless benefits fell sharply in the most recent week, the Labor Department said Thursday morning, and retail sales rocketed nearly 10% in March as Americans spent their stimulus checks.</p><p>Shares of Coinbase Global Inc.&nbsp;gained on the second day of trading for the cryptocurrency exchange, boosted by both retail and institutional investors alike, and earnings for companies like Citigroup Inc.&nbsp;beat analyst expectations.</p><p>A separate report on Thursday showed that first-time filings for unemployment insurance dropped to the lowest level since March 2020. The Labor Department reported 576,000 new jobless claims for the week ended April 10. Economists polled by Dow Jones expected a total of 710,000.</p><p>Pepsi shares added 0.6% after the consumer snack and drink maker saidsales last quarter rose nearly 7%, topping estimates.</p><p>Shares of UnitedHealth, a Dow member, gained 1% after results topped the Street and the health insurer raised guidance for 2021.</p><p>Tech stocks rebounded from Tuesday losses in early trading with shares of Tesla up about 1%. Newly public crypto exchange Coinbase jumped 9% in early trading after it was revealed Ark Invest’s Cathie Woodloaded up on the first day of trading.</p><p>On Tuesday, the Food and Drug Administration called for a pause&nbsp;in administering J&amp;J’s Covid-19 vaccine aftersix people in the U.S. developed a rare disorderinvolving blood clots. The announcement triggered a sell-off in reopening plays earlier in the week, but is not expected to have a material impact on the pace of the U.S. vaccine rollout.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148801353","content_text":"(April 15) U.S. stocks opened higher Thursday amid a raft of strong economic reports and corporate results.The Dow Jones Industrial Average added 177 points, or 0.5%, according to preliminary estimates, to open near 33,908, while the S&P 500gained 25 points or 0.6%, to start trading near 4,149. The Nasdaq Composite index was up 122 points or 0.9%, near 13,980.First-time filings for jobless benefits fell sharply in the most recent week, the Labor Department said Thursday morning, and retail sales rocketed nearly 10% in March as Americans spent their stimulus checks.Shares of Coinbase Global Inc. gained on the second day of trading for the cryptocurrency exchange, boosted by both retail and institutional investors alike, and earnings for companies like Citigroup Inc. beat analyst expectations.A separate report on Thursday showed that first-time filings for unemployment insurance dropped to the lowest level since March 2020. The Labor Department reported 576,000 new jobless claims for the week ended April 10. Economists polled by Dow Jones expected a total of 710,000.Pepsi shares added 0.6% after the consumer snack and drink maker saidsales last quarter rose nearly 7%, topping estimates.Shares of UnitedHealth, a Dow member, gained 1% after results topped the Street and the health insurer raised guidance for 2021.Tech stocks rebounded from Tuesday losses in early trading with shares of Tesla up about 1%. Newly public crypto exchange Coinbase jumped 9% in early trading after it was revealed Ark Invest’s Cathie Woodloaded up on the first day of trading.On Tuesday, the Food and Drug Administration called for a pause in administering J&J’s Covid-19 vaccine aftersix people in the U.S. developed a rare disorderinvolving blood clots. The announcement triggered a sell-off in reopening plays earlier in the week, but is not expected to have a material impact on the pace of the U.S. vaccine rollout.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347965508,"gmtCreate":1618457404004,"gmtModify":1704711133592,"author":{"id":"3581543559417943","authorId":"3581543559417943","name":"mmmkay","avatar":"https://static.tigerbbs.com/01c86ed96ffafd8f84eecb9b50e58896","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581543559417943","idStr":"3581543559417943"},"themes":[],"htmlText":"agreed[Cool]&nbsp;","listText":"agreed[Cool]&nbsp;","text":"agreed[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347965508","repostId":"2127076082","repostType":4,"repost":{"id":"2127076082","kind":"news","pubTimestamp":1618457022,"share":"https://ttm.financial/m/news/2127076082?lang=&edition=fundamental","pubTime":"2021-04-15 11:23","market":"us","language":"en","title":"Why Coinbase is a 'must-own' stock poised to hit $600: analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2127076082","media":"Yahoo Finance","summary":"Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the co","content":"<p>Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the company saw its valuation nearly hit $100 billion as shares opened for trading on the Nasdaq at $381. But one analyst tells Yahoo Finance shares could still have about 60% to climb to hit $600.</p><p>MoffettNathanson analyst Lisa Ellis explained her thesis on Yahoo Finance Live shortly before Coinbase shares began trading, calling the stock a \"must-own\" for any longer term growth investor.</p><p>\"We are positive on the outlook for cryptocurrencies as a massively disruptive technology,\" she said. \"Coinbase, as the only U.S.-listed large-cap stock and the market leader in the space, is really a must-own asset if you're a growth or tech oriented [investor] with a multiyear time horizon.\"</p><p>Interestingly, Ellis explained she arrived at a $600 price target by applying a 20-times forward multiple (in-line with other tech peers) to Coinbase's projected 2023 revenues. It also bakes in a 35% decline in crypto transactions for 2022, assuming things cool off for bitcoin relative to 2021 given its historical boom-and-bust cyclicality. Almost all expectations are that Coinbase won't be able to keep up the nine-fold, year-over-year revenue growth it was able to show in its first quarter this year as bitcoin's price surged 100% to a new all-time high, but forecasting where things go from here gets particularly interesting for evaluating Coinbase's value.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/272f649ef1cb7c0b3e4e79295809fd95\" tg-width=\"5472\" tg-height=\"3648\" referrerpolicy=\"no-referrer\"><span>The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon StapletonShannon Stapleton / reuters</span></p><p>\"Six-hundred [dollars per share] I know the headline sounds super bullish, but when you read our comments this <a href=\"https://laohu8.com/S/AONE.U\">one</a> is not an easy one, it's a little bit tricky,\" Ellis said, noting Coinbase is unique from other tech stocks given its high correlation to volatile cryptocurrency prices. \"With Coinbase, because of their tie to the crypto markets, it's going to be a bumpy ride. You have to have a strong stomach, you have to be willing to kind of gut your way through what is likely to be these peaks and valleys.\"</p><p>Ellis said she arrived at a 35% drop in Coinbase's trading volumes in 2022 in her model given what happened to trading in 2018, when bitcoin's price fell 80% peak-to-trough after hitting its prior all-time high in 2017.</p><p>\"That's just a reference point, there's a lot of reasons why it might be less this time around because of the institutional holdings,\" she said, highlighting a point many advocates point to when attempting to describe why bitcoin's rise this cycle is different. \"But just again for conservatism sake we're not presuming that's going to happen we're just going to wait and see, but we think you need to go into this with eyes wide open,\" she said.</p><p><img src=\"https://static.tigerbbs.com/627c7717ff8b553f876e4aa0af0c9009\" tg-width=\"665\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p>To be fair, while Coinbase may be the largest and now first crypto exchange to go public, that doesn't mean it's without competition. That is one thing critics of Coinbase are quick to hit on, often stressing the way stock brokerages raced to the bottom to adopt commission trading, or the belief that Coinbase can't possibly keep charging high transaction fees on crypto purchases forever. For her part, Ellis thinks those critics are missing the point in overlooking the security Coinbase also offers.</p><p>\"Storing crypto assets is incredibly difficult — uniquely difficult — because they are literally a digital form of cash,\" she said, noting that Coinbase flexes differentiated capabilities to integrate security across multiple blockchains. \"That's not something that a traditional brokerage can wake up and do overnight.\"</p><p>Eventually, Ellis concedes that could change. But for now, Coinbase's upside seems larger than any fears around fee compression that could eventually slow the platform's revenue growth.</p><p>\"That would be a little bit like saying, 'I don't want to buy Amazon in the early days because I don't think there's that much upside in book selling.' That's kind of missing the point. Coinbase's endgame is not a retail crypto brokerage it's to really become a broad technology infrastructure player across the entire ecosystem which is a much broader vision,\" Ellis said.</p><p>Coinbase has increasingly built out its institutional side of the business, with that segment's trading volume growing each of the last three years. Other outlets have reported that Coinbase also helped companies add bitcoin to their balance sheets, including Tesla and MicroStrategy.</p><p>Coinbase shares faded in Wednesday afternoon trade to close about 14% below its debut price of $381 a share.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Coinbase is a 'must-own' stock poised to hit $600: analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Coinbase is a 'must-own' stock poised to hit $600: analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 11:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-coinbase-is-a-must-own-stock-poised-to-hit-600-analyst-200546982.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the company saw its valuation nearly hit $100 billion as shares opened for trading on the Nasdaq at $381. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-coinbase-is-a-must-own-stock-poised-to-hit-600-analyst-200546982.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/why-coinbase-is-a-must-own-stock-poised-to-hit-600-analyst-200546982.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127076082","content_text":"Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the company saw its valuation nearly hit $100 billion as shares opened for trading on the Nasdaq at $381. But one analyst tells Yahoo Finance shares could still have about 60% to climb to hit $600.MoffettNathanson analyst Lisa Ellis explained her thesis on Yahoo Finance Live shortly before Coinbase shares began trading, calling the stock a \"must-own\" for any longer term growth investor.\"We are positive on the outlook for cryptocurrencies as a massively disruptive technology,\" she said. \"Coinbase, as the only U.S.-listed large-cap stock and the market leader in the space, is really a must-own asset if you're a growth or tech oriented [investor] with a multiyear time horizon.\"Interestingly, Ellis explained she arrived at a $600 price target by applying a 20-times forward multiple (in-line with other tech peers) to Coinbase's projected 2023 revenues. It also bakes in a 35% decline in crypto transactions for 2022, assuming things cool off for bitcoin relative to 2021 given its historical boom-and-bust cyclicality. Almost all expectations are that Coinbase won't be able to keep up the nine-fold, year-over-year revenue growth it was able to show in its first quarter this year as bitcoin's price surged 100% to a new all-time high, but forecasting where things go from here gets particularly interesting for evaluating Coinbase's value.The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon StapletonShannon Stapleton / reuters\"Six-hundred [dollars per share] I know the headline sounds super bullish, but when you read our comments this one is not an easy one, it's a little bit tricky,\" Ellis said, noting Coinbase is unique from other tech stocks given its high correlation to volatile cryptocurrency prices. \"With Coinbase, because of their tie to the crypto markets, it's going to be a bumpy ride. You have to have a strong stomach, you have to be willing to kind of gut your way through what is likely to be these peaks and valleys.\"Ellis said she arrived at a 35% drop in Coinbase's trading volumes in 2022 in her model given what happened to trading in 2018, when bitcoin's price fell 80% peak-to-trough after hitting its prior all-time high in 2017.\"That's just a reference point, there's a lot of reasons why it might be less this time around because of the institutional holdings,\" she said, highlighting a point many advocates point to when attempting to describe why bitcoin's rise this cycle is different. \"But just again for conservatism sake we're not presuming that's going to happen we're just going to wait and see, but we think you need to go into this with eyes wide open,\" she said.To be fair, while Coinbase may be the largest and now first crypto exchange to go public, that doesn't mean it's without competition. That is one thing critics of Coinbase are quick to hit on, often stressing the way stock brokerages raced to the bottom to adopt commission trading, or the belief that Coinbase can't possibly keep charging high transaction fees on crypto purchases forever. For her part, Ellis thinks those critics are missing the point in overlooking the security Coinbase also offers.\"Storing crypto assets is incredibly difficult — uniquely difficult — because they are literally a digital form of cash,\" she said, noting that Coinbase flexes differentiated capabilities to integrate security across multiple blockchains. \"That's not something that a traditional brokerage can wake up and do overnight.\"Eventually, Ellis concedes that could change. But for now, Coinbase's upside seems larger than any fears around fee compression that could eventually slow the platform's revenue growth.\"That would be a little bit like saying, 'I don't want to buy Amazon in the early days because I don't think there's that much upside in book selling.' That's kind of missing the point. Coinbase's endgame is not a retail crypto brokerage it's to really become a broad technology infrastructure player across the entire ecosystem which is a much broader vision,\" Ellis said.Coinbase has increasingly built out its institutional side of the business, with that segment's trading volume growing each of the last three years. Other outlets have reported that Coinbase also helped companies add bitcoin to their balance sheets, including Tesla and MicroStrategy.Coinbase shares faded in Wednesday afternoon trade to close about 14% below its debut price of $381 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}