After closing at an all-time high price of $357.39 in November last year, shares of leading U.S. cryptocurrency brokerage and exchange business Coinbase Global (NASDAQ: COIN) have plunged 82%. "I'd like to get to a place where more than 50% of our revenue is subscription and services," Armstrong said during a recent CNBC interview. In the second quarter, Coinbase's subscription and services revenue was $147.4 million. Read More...
Bloomberg
One Big Option Trade Fueled S&P 500’s Midday Jump, Wells Fargo Says
(Bloomberg) — One giant options transaction may have sparked the S&P 500’s bounce on Wednesday, according to Wells Fargo & Co. Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Musk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialOne Big Option Trade Fueled S&P 500’s Midday Jump, Wells Fargo SaysMar-a-Lago Documents Included Pardons, Emails, Legal BillsLoretta Lynn, Coal Miner’s Daughter And Country Queen, DiesThe trade, which involve
