Coinbase Global (COIN) News & Sentiment

Coinbase Global, a cryptocurrency exchange based in the U.S., has registered with India's Financial Intelligence Unit (FIU). This registration enables the company to provide crypto trading services in India, as announced on Tuesday.

Shares of Coinbase (NASDAQ:COIN), a cryptocurrency exchange, dropped by 10.7% in the morning after the markets fell, continuing a trend from the previous week due to worries about the ongoing trade war. Over the weekend, President Trump addressed recession concerns on FOX News, describing the market difficulties as "a period of transition," but this did little to reassure investors. The decline was especially noticeable in the tech sector, with the Nasdaq index decreasing by 3%.

DoorDash, TKO Group (owner of World Wrestling Entertainment), Williams-Sonoma, and Expand Energy will be included in the index before trading begins in March, as part of a quarterly update. Meanwhile, BorgWarner, Teleflex, Celanese, and FMC will be taken out of the index. After hours on Friday, DoorDash shares increased by 7% to $190, TKO's stock rose by 3% to $148, and Williams-Sonoma's shares went up by 2% to $192.

Volatility isn't the only danger when trading digital currencies; even if you earn profits, you might still face tax issues.

Coinbase CEO Brian Armstrong spoke with Yahoo Finance Senior Reporter Jennifer Schonberger after the first White House crypto summit. He commended the government's work, stating, "President Trump has really revitalized this industry in recent years."

In the latest trading session, Coinbase Global, Inc. (COIN) finished at $217.45, showing an increase of 1.53% compared to the day before.

Brian Armstrong, the co-founder, chair, and CEO of Coinbase, appeared on 'Closing Bell Overtime' to discuss his meeting with President Trump at the White House. They talked about the possibility of establishing a future bitcoin reserve.

President Trump is set to host a crypto summit at the White House on Friday, bringing together leaders from major cryptocurrency companies. He recently suggested that the U.S. might create a strategic crypto reserve that would include bitcoin and other tokens, aiming to position the country as a leader in the crypto industry. Although bitcoin's price rose significantly after Trump's election, it has recently declined due to growing economic concerns.

Coinbase Global, Inc. (NASDAQ:COIN) is participating in the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2025, at 4:05 PM ET. The company representatives include Co-Founder and CEO Brian Armstrong and CFO Alesia Haas. An unidentified representative has welcomed everyone but noted that the disclaimer slide is missing.