|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's range||69.63 - 72.35|
|52-week range||31.55 - 114.43|
|Beta (5Y monthly)||2.76|
|PE ratio (TTM)||N/A|
|Earnings date||01 Nov 2023 - 06 Nov 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.40|
The world of cryptocurrency has been experiencing a period of stagnation, with Bitcoin and other digital currencies recording little movement in recent months. As of Tuesday, trading volumes on centralized exchanges such as Coinbase (NASDAQ:COIN) and Binance have dropped to around $30 billion a day, marking a significant decrease from their peak levels in 2021, according to data from CoinMarketCap.
Coinbase (NASDAQ:COIN), the U.S. cryptocurrency behemoth, has officially withdrawn from its plans to acquire FTX Europe, according to a recent report by Fortune on Monday. Initially, Coinbase had aimed to extend its reach into the European derivatives market via this acquisition. The decision was revised after considering the current regulatory challenges plaguing the markets.
The firm has registered as a crypto exchange and custody wallet provider.