PostsMania Forum
PostsMania Forum

JOIN NOW, EARN 50% OF OUR TOTAL REVENUE MONTHLY

Welcome, Guest: Join PostsMania / Login / Trending / Recent / New
Stats: 3,060 members, 6,295 topics. Date: Sunday 3rd November 2024 at 10:51 am


Coinbase Will Be ‘meaningful’ Beneficiary Of Ethereum Merge, Jpmorgan Says - Cryptocurrency - PostsMania

PostsMania Forum / Cryptocurrency / Coinbase Will Be ‘meaningful’ Beneficiary Of Ethereum Merge, Jpmorgan Says (854 Views)

Crypto Am News Recap: Ethereum Retakes Position As Top Altcoin / Nigeria, Austria Leverage New Investments To Facilitate $255m Trade Ties / Imf Cuts Global Growth Outlook, Cites Trade War, Weak Europe (2)

(Reply) (Down)

Coinbase Will Be ‘meaningful’ Beneficiary Of Ethereum Merge, Jpmorgan Says by horlique2: 10:41 pm On 8 Aug 2022
Crypto exchange Coinbase (COIN) is positioned to benefit from the Ethereum Merge as institutional and retail clients get value from staking ether (ETH), JPMorgan analyst Kenneth Worthington told clients in a note.
JPMorgan estimates that Coinbase has a 15% market share in ETH assets, which trumps its 7% share of the overall crypto ecosystem. Worthington says Coinbase’s market share is probably tilted toward institutions, which are more likely to own ETH and bitcoin (BTC), whereas retail customers may “traffic more in the more speculative tokens.”
The bank further estimates that Coinbase can generate an incremental annual staking revenue of $650 million from the Merge, with ETH at $2,000 and a 5% yield. The exchange began offering Ethereum staking for institutional clients earlier this month.
“Coinbase is bigger in [ether] than was intuitive to us, thus leading directly to a bigger revenue opportunity,” the bank wrote. JPMorgan has a neutral rating and $64 price target on Coinbase shares, which closed Tuesday at $90.39.

www.coindesk.com/business/2022/08/17/coinbase-will-be-meaningful-beneficiary-of-ethereum-merge-jpmorgan-says/

(Reply)

Viewing this topic: 0 users and 1 guest(s)

(Go Up)

Download PostsMania app for Android Phones


Links: (0) (2) (3) (4) ... (12) (13) (14)
PostsMania - Copyright © 2018 - PostsMania. All rights reserved.® See Privacy Policy , Terms & Conditions
Mail: support@PostsMania.com
Disclaimer: Every PostsMania member is solely responsible for anything that he/she posts or uploads on PostsMania.