Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Crypto Stock News Bite - Coinbase (NASDAQ: COIN) Gains on Fourth Quarter and Full Year 2023 Shareholder Letter


February 16, 2024 ( Newswire) ( Bitcoin/Crypto Stock News Bites - Remote-First-Company / Coinbase Global, Inc. (NASDAQ: COIN) announced today the release of its fourth quarter and full year 2023 shareholder letter. The letter, including the Company's financial results, can be found on its Investor Relations website at

The stock is currently trading up at $192.21, up $26.54 (+16.03%).

Excerpt from shareholder letter

In 2023, we saw our operational rigor pay off. We achieved our financial goal,launched new innovative products, strengthened our competitive position,and doubled down on our efforts to create momentum for a workableregulatory framework for crypto in the US.For the full-year, we generated net income of $95 million and positiveAdjusted EBITDA in all four quarters, totaling nearly $1 billion - consistentwith our financial goal to generate positive Adjusted EBITDA in all marketconditions. We diversified our full-year 2023 total revenue base of $3.1 billionby generating $1.4 billion in subscription and services revenue. Meanwhile,our balance sheet strengthened as we increased our total $USD resources to$5.7 billion while simultaneously reducing total debt by 12%.Beyond the numbers, we accelerated product velocity. We launched CoinbaseInternational Exchange, eligible customers can now access derivativeproducts through Coinbase Financial Markets, launched Base, and weacquired key licenses, registrations or launched operations in 6 new markets.We have improved our existing product suite and laid important foundationsfor future growth.In 2024 Coinbase will focus on three main priorities. First, driving revenuethrough improving our core trading and USDC. Second, driving utility incrypto with experiments in payments using USDC and Base. Lastly, we willcontinue to drive regulatory clarity for the industry. All told, Coinbase is afundamentally stronger company today than a year ago, and we are in astrong financial position to capitalize on the opportunities ahead.

Read the company's full news and disclaimer here:

Research more crypto and bitcoin stocks with stock directory

About - Big Investing Ideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech , sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info Learn more about publishing your news release and our other news services on the newswire and Global investors must adhere to regulations of each country. Please read privacy policy:

Follow us on Twitter @investorideas and @stocknewsbites

Follow us on Facebook

Follow us on YouTube

Sign up for free stock news alerts at


800 665 0411

News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on