|Bid||71.03 x 800|
|Ask||71.20 x 1000|
|Day's Range||70.81 - 75.95|
|52 Week Range||31.55 - 114.43|
|Beta (5Y Monthly)||2.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 01, 2023 - Nov 06, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.40|
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Coinbase Inc. (COIN), the U.S. crypto exchange that’s seeking to expand globally amid the regulatory crackdown in its home country, has recently considered buying FTX Europe, Fortune reported. This is part of Coinbase’s desire to expand its derivatives business, according to the article, which added that acquisition talks never reached a “late stage.” The firm considered FTX Europe, which went on sale after its parent company declared bankruptcy last fall, due to its “highly profitable” derivatives business and growing customer base, Fortune reported.
U.S. cryptocurrency exchange Coinbase (NASDAQ:COIN) has abandoned its plans to acquire European crypto platform FTX Europe, as reported on Friday. The potential acquisition was part of Coinbase's strategy to expand its operations into the European market and boost trading volume by offering more crypto derivatives to clients.
Bitcoin is poised to rebound in the near term, helping stocks like Robinhood Markets, Inc. (HOOD), Coinbase Global, Inc. (COIN), NVIDIA Corporation (NVDA) and Accenture plc (ACN).