Crypto exchange Coinbase, bank Silvergate Capital and trading platform Robinhood are expected to post the strongest results relative to estimates, the bank said in a note published Tuesday. Goldman expects total crypto-trading revenue at Coinbase and Robinhood to rise 62% and 18%, respectively, from the previous quarter. Source link … [Read more...] about Goldman Bullish on Online Brokers’ 4Q Earnings Due to Crypto Activity, Retail Trading
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UK Economic Affairs Committee unconvinced by prospect of retail CBDC
The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC).Titled “Central bank digital currencies: a solution in search of a problem?,” the 52-page publication covers a litany of … [Read more...] about UK Economic Affairs Committee unconvinced by prospect of retail CBDC
BofA Upgrades Coinbase to Buy, Sees Revenue Diversification Beyond Retail Crypto Trading
Bank of America upgraded Coinbase shares to buy from neutral, leaving the price target unchanged at $340.The upgrade was due to increasing signs of revenue diversification beyond just retail crypto trading, a trend which it thinks will accelerate further this year, the bank said in a note on Thursday.The bank forecasts subscription and services revenue to increase to 16% of the … [Read more...] about BofA Upgrades Coinbase to Buy, Sees Revenue Diversification Beyond Retail Crypto Trading
Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts
Since early December, the number of open positions on Binance, the world’s largest cryptocurrency exchange by volumes and open interest, has increased from 190,000 BTC to 258,000 BTC. Meanwhile, funding rates have been consistently neutral to negative, meaning investors have been predominantly holding shorts despite bitcoin’s downside momentum running out of steam and the … [Read more...] about Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts
BitMEX Announces BMEX Tokens to Revive Retail Interest
BitMEX will airdrop its BMEX tokens to account holders in early 2022, the exchange said in a post on Tuesday.“We will be airdropping crypto tokens (BMEX) in your BitMEX.com wallets by 1 February 2022,” BitMEX said. Active, current, and new users can earn BMEX tokens from Tuesday.We’re thrilled to announce the minting of our token, BMEX 🔥The Token for True Believers!Learn how to … [Read more...] about BitMEX Announces BMEX Tokens to Revive Retail Interest