Coinbase CFO Alesia Haas to Speak at Barclays Global Financial Services Conference

In a fireside discussion at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023, at 11:15 a.m. Eastern Time (ET) / 8:15 a.m. Pacific Time (PT), Alesia Haas, the chief financial officer of Coinbase Global, Inc., will take part. Coinbase, which was established in 2012 with the goal of developing a more “fair, accessible, efficient, and transparent financial system enabled by crypto,” has emerged as a major participant in the cryptocurrency exchange market.

Practices in Investor Relations and Disclosure

A live webcast and replay of the event will be accessible on Coinbase’s investor relations website, the company has announced. Press releases and social media platforms like Twitter, Facebook, LinkedIn, and YouTube are also included in the company’s multi-channel strategy for public disclosures. In accordance with Regulation FD, the corporation uses these venues to transmit important non-public information.

What the Fireside Chat Will Entail

Haas is expected to speak on Coinbase’s recent financial performance, strategic goals, and insights on the developing cryptocurrency industry. The exact topics of the fireside chat are yet unknown. Investors and market experts are anticipated to pay close attention to the conversation given Coinbase’s substantial influence in the cryptoeconomy.

Global Financial Services Conference of Barclays

Influential personalities in finance may discuss current trends, challenges, and opportunities at the annual Barclays Global Financial Services Conference. As it continues to shape the development of digital assets and blockchain technology, Coinbase’s participation at this high-profile event underscores its crucial position not only in the world of cryptocurrencies but also within the broader financial environment.

Image source: Shutterstock


Tagged : / / /

Coinbase revenue tripled in Q1, plans to add bank-like services and to list DOGE

The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance.

According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and total revenues of $1.8 billion. However, the firm fell slightly short of its expected $3.07 per share.

By contrast, the company generated $585 million in revenue amid Bitcoin’s rally into new all-time highs during the fourth quarter of 2020, and just $191 million in Q1 a year ago.

Approximately 94% of the firm’s quarterly net revenue came from crypto asset trading fees.

Coinbase’s net profits also surged, with the firm reporting profits of $771 million — more than quadruple its profits from the previous quarter and an increase of 24 times year-on-year.

Trading volume on the exchange roughly tripled compared to the previous quarter, with Coinbase’s active users more than doubling, from 2.8 million to 6.1 million.

The company abstained from providing detailed guidance for its future performance, stating:

“It is important for investors to remember that our business is inherently unpredictable.” 

However, the company was willing to predict it will host between 5.5 million and 9 million monthly users over the entirety of 2021.

Coinbase also revealed that it plans to list the popular meme-coin Dogecoin within the next eight weeks or s, and to increase the speed the platform is able to launch new listings. Appearing on CNBC’s Mad Money show on May 13, Coinbase CFO, Alesia Haas, said:

“We are slow. We need to add more assets. We’re making big investments to improve the speed of our asset addition.”

Haas also noted the firm’s plan to expand the types of financial services it offers to users, stating: “We hope to be the primary financial account in the crypto economy, and engage our users with all the transaction types.”

In addition to services most people “are very familiar with in a typical fiat system,” such as “credit cards, loans, deposit accounts,” Haas emphasized the unique services enabled by crypto assets such as staking and governance, adding:

“I think that crypto will enable new transactions that we can’t even envision today.”

Despite posting a strong first quarter for the year, Coinbase’s shares are down roughly 30% since its direct listing on April 14, having last changed hands for roughly $265.