Coinbase Global Stock Fair Value Calculator – 2023: Coinbase and Paxos Reveal Connection to Collapsed Signature Bank.
March 15, 2023
Trending News 🌧️
In 2023, Coinbase ($NASDAQ:COIN) and Paxos have both revealed the connection between the two companies and Signature Bank, which has recently experienced a major collapse. This news has sent shockwaves throughout the financial world, as Signature Bank was once one of the leading banks in the industry. According to the two companies, both Coinbase and Paxos have been relying on Signature Bank’s infrastructure to facilitate the trading of digital assets since the beginning of the year. For Coinbase and Paxos, the news of Signature Bank’s collapse has left a big question mark as to how they will move forward. While both companies have been able to maintain their operations, they are now looking for alternative solutions to ensure that their customers can still access their services.
This has led to speculation that Coinbase and Paxos may be turning to other banks or financial institutions for support. Although there is still much that needs to be determined, it is clear that the collapse of Signature Bank will have major implications for Coinbase and Paxos. With the news of this connection revealed, it remains to be seen what steps these companies will take in order to continue providing services to their customers. As the future of this situation continues to unfold, Coinbase and Paxos are sure to be monitoring the developments closely.
Market Price
On Monday, COINBASE GLOBAL stock opened at $54.7 and closed at $59.2, soar by 10.7% from last closing price of 53.4. The news of COINBASE GLOBAL’s connection to the collapsed Signature Bank came in the wake of mostly negative news surrounding the company. It was revealed that COINBASE GLOBAL is in a strategic relationship with Paxos, an infrastructure provider for many of Signature Bank’s digital services, which has now been shut down due to its financial woes. Moreover, it was reported that COINBASE GLOBAL had held some of Signature Bank’s assets. The news of this partnership was a surprise to the market, as investors were not aware of the close ties between the two companies. While details of the agreement between COINBASE GLOBAL and Paxos are still being investigated, the news has been largely viewed as a positive development, as it demonstrates the company’s commitment to maintaining strong relationships with its partners, even in challenging times.
Additionally, it provides further assurance that COINBASE GLOBAL’s operations will remain unaffected by the bank’s collapse. Overall, this news has seen a positive reaction from investors, who have driven the company’s stock price higher. As the investigation into the relationship between COINBASE GLOBAL and Paxos progresses, investors will be eager to learn more about the extent of their involvement with Signature Bank and how it could impact the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coinbase Global. More…
| Total Revenues | Net Income | Net Margin |
| 3.19k | -2.62k | -81.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coinbase Global. More…
| Operations | Investing | Financing |
| -1.59k | -663.82 | -5.84k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coinbase Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 89.72k | 84.27k | 23.63 |
Key Ratios Snapshot
Some of the financial key ratios for Coinbase Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 81.6% | – | -93.2% |
| FCF Margin | ROE | ROA |
| -51.6% | -33.6% | -2.1% |
Analysis – Coinbase Global Stock Fair Value Calculator
At GoodWhale, we conducted an analysis of COINBASE GLOBAL‘s wellbeing using our proprietary Valuation Line. The results of our analysis showed that the fair value of COINBASE GLOBAL share is around $80.6. However, currently COINBASE GLOBAL stock is traded at $59.2, which means it is undervalued by 26.5%. This presents an excellent opportunity for investors looking to take advantage of a potential bargain. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc. is a cryptocurrency mining company that focuses on Bitcoin mining. The company has a market capitalization of $981.09 million and a return on equity of -17.02%. Riot Blockchain Inc. was founded in 2000 and is headquartered in Castle Rock, Colorado.
– Robinhood Markets Inc ($NASDAQ:HOOD)
Robinhood Markets Inc is a financial services company that offers a commission-free trading platform for stocks, options, and cryptocurrency. The company has a market cap of 9.19B as of 2022 and a Return on Equity of -33.37%. Robinhood was founded in 2013 and is headquartered in Menlo Park, California.
– MicroStrategy Inc ($NASDAQ:MSTR)
MicroStrategy Inc is a publicly traded business intelligence company. The company has a market cap of 2.66B as of 2022 and a ROE of -77.69%. MicroStrategy offers a comprehensive suite of products that enable organizations to analyze internal and external data to make better informed decisions. The company’s products are used by organizations of all sizes, in a variety of industries, including banking, healthcare, insurance, retail, telecommunications, and many others.
Summary
Coinbase Global has been a leading cryptocurrency platform with a focus on user experience and security. Recently, Coinbase and Paxos revealed their connection to the collapsed Signature Bank, leading to some negative news coverage. Despite this, the stock price of Coinbase Global moved up on the same day, indicating that investors remain confident in the company’s future. Coinbase Global is well positioned to benefit from the surge in cryptocurrency demand, as it provides an easy-to-use platform for customers to buy, sell and store digital currencies.
It also features a suite of services such as margin trading, staking and lending that aim to increase customer engagement and revenue. With its strong track record and strategic investments, Coinbase Global is well-positioned to continue to benefit from the rising demand for cryptocurrencies.
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