Coin Stock Pops 6% on $2.9B Deribit Deal, But Falls Back Post Coinbase Earnings
With major indices rising and Coinbase shares briefly rising before falling after earnings, the second half of the week gave U.S. markets...
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Last updated: Wednesday, June 4, 2025
Quick overview
- U.S. markets showed renewed optimism late in the week, with major indices rebounding and Coinbase shares briefly soaring after earnings.
- Coinbase announced a $2.9 billion acquisition of Deribit, enhancing its position in the cryptocurrency derivatives market.
- Despite a strong revenue increase, Coinbase's Q1 earnings report fell short of analyst expectations, leading to a decline in stock price after hours.
- The mixed fundamentals raise concerns about Coinbase's profitability, as investors watch to see if the stock can maintain its value above $200.
With major indices rising and Coinbase shares briefly rising before falling after earnings, the second half of the week gave U.S. markets fresh optimism.
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Skerdian Meta
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Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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