COINBASE GLOBAL INC: TEMPORARY SUSPENSION OF USDT (TETHER) DEPOSITS ON ARBITRUM AND POLYGON NETWORKS DUE TO EXTERNAL NETWORK PROBLEM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy COIN?
Source: moomoo
Service Interruption: Coinbase Global has temporarily suspended USDT deposits on the Arbitrum and Polygon networks.
Reason for Suspension: The suspension is due to external network issues affecting the availability of these services.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy COIN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 211.630
Low
230.00
Averages
361.63
High
440.00
Current: 211.630
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Stocks Close Lower as Oil Prices Rebound Impact Market
- Market Decline: The S&P 500 index fell by 0.63%, the Dow Jones Industrial Average dropped by 0.59%, and the Nasdaq 100 index decreased by 0.42%, reflecting investor concerns over the uncertainty surrounding Iran's geopolitical situation, which dampened market sentiment.
- Oil Price Rebound Impact: WTI crude oil prices rebounded by over 2% after Iran announced it would not attend peace talks, raising fears of a deepening global energy crisis, which could further hinder economic recovery.
- Supportive Economic Data: March retail sales rose by 1.7% month-over-month, surpassing expectations of 1.4%, indicating robust consumer spending that may provide some support for the stock market, despite overall market pressures.
- Fed Nominee Supports Independence: Fed Chair nominee Kevin Warsh emphasized the importance of monetary policy independence and controlling inflation in his Senate Banking Committee statement, which could positively influence market confidence.
See More
Polymarket Expands into Perpetual Futures Trading
- Market Expansion: Polymarket announced its expansion into perpetual futures trading, following news that its main competitor Kalshi plans to offer crypto trading, demonstrating a keen response to market demand.
- Increased Competition: This move may position Polymarket and Kalshi in direct competition with platforms like Robinhood, Coinbase, and Kraken, which have integrated prediction markets into their offerings over the past year, highlighting the value of young speculators.
- Volume Growth: According to CoinGecko, the top centralized crypto exchanges recorded an annual perpetuals trading volume of $86.2 trillion last year, reflecting a 47% increase, showcasing the activity and potential of this market.
- Market Activity: By entering the perpetuals market, Polymarket and Kalshi can maintain ecosystem activity amid stalled cryptocurrency prices and slowed trading activity, fostering more consistent trading volume and speculative engagement.
See More
New York Sues Coinbase and Gemini for Violations
- Legal Action: New York State filed a lawsuit against Coinbase Financial Markets and Gemini Titan on Tuesday, accusing them of violating state executive law, indicating a stringent regulatory stance towards cryptocurrency trading platforms.
- Lawsuit Context: Although copies of the complaints are not yet available, this move could significantly impact the operations of both companies in New York, particularly concerning compliance and market trust.
- Market Reaction: The lawsuit may lead to a decline in investor confidence in Coinbase and Gemini, potentially affecting their stock performance, especially amid heightened volatility in the current cryptocurrency market.
- Regulatory Trend: This action by New York reflects a broader regulatory trend, signaling that government scrutiny of the cryptocurrency industry is intensifying, which may prompt similar actions from other states.
See More
Bitmine Surpasses 4% of Total ETH Supply
- ETH Holdings Surge: Bitmine currently holds 4,976,485 ETH valued at $7.7 billion, representing 4.12% of the total ETH supply, indicating a strong position in the cryptocurrency market that is likely to attract further investor interest.
- Launch of MAVAN: Bitmine has launched MAVAN (Made in America Validator Network) to provide secure and efficient ETH staking services for institutional investors, which is expected to enhance the company's competitiveness in the ETH staking market and drive long-term revenue growth.
- Significant Trading Volume: Bitmine's stock averages $1.2 billion in daily trading volume in the U.S. market, ranking 80th, reflecting its popularity among investors and potentially facilitating future capital raising and market expansion.
- Institutional Investor Support: Bitmine has garnered support from top institutional investors, including Cathie Wood of ARK and Pantera, which not only boosts market confidence but also provides robust financial backing for the company's future growth strategy.
See More
Bitmine Surpasses 4% of Total ETH Supply
- ETH Holdings Surge: Bitmine currently holds 4.12% of the total ETH supply, approximately 4,976,485 ETH valued at around $11.5 billion, demonstrating its significant influence in the Ethereum market and solidifying its position as the largest ETH treasury globally.
- Staking Expansion: As of April 20, 2026, Bitmine has staked 3,334,637 ETH worth about $7.7 billion, with an expected annual yield of 2.88%, which not only enhances the company's cash flow but also strengthens its competitive edge in crypto asset management.
- Market Trading Activity: Bitmine's stock has an average daily trading volume of $1.2 billion in the U.S. market, ranking 80th, indicating its popularity among investors and attracting further interest from institutional investors.
- Strategic Investments and Outlook: The company plans to continue increasing its ETH purchases, believing it is nearing the end of the
See More
Coinbase Partners with Bybit to Advance Asset Tokenization
- Collaboration on Tokenization: Coinbase is reportedly collaborating with Bybit on a significant push into asset tokenization, aiming to bring traditional U.S. equities on-chain, which is expected to provide new investment opportunities for global users and further drive the growth of the digital asset market.
- Technical and Compliance Support: The partnership will focus on tokenized stocks, custody solutions, and distribution infrastructure, with Bybit planning to expand into the U.S. market through a separate entity, expected to provide technology, product infrastructure, and liquidity support while ensuring compliance.
- Market Potential Unveiled: With trading volumes for tokenized stocks reaching approximately $2.87 billion in March, an over 80% increase in just 30 days, and the total number of holders surpassing 200,000, the rapid growth potential of tokenized assets is attracting more investor interest.
- Industry Impact Amplified: Analysts believe such partnerships could significantly expand global access to U.S. assets, leading to a roughly 3% rise in Coinbase's stock price to $211.68, reflecting the market's positive response to this strategic collaboration.
See More
US Stocks Close Lower as Oil Prices Rebound Impact Market
- Market Decline: The S&P 500 index fell by 0.63%, the Dow Jones Industrial Average dropped by 0.59%, and the Nasdaq 100 index decreased by 0.42%, reflecting investor concerns over the uncertainty surrounding Iran's geopolitical situation, which dampened market sentiment.
- Oil Price Rebound Impact: WTI crude oil prices rebounded by over 2% after Iran announced it would not attend peace talks, raising fears of a deepening global energy crisis, which could further hinder economic recovery.
- Supportive Economic Data: March retail sales rose by 1.7% month-over-month, surpassing expectations of 1.4%, indicating robust consumer spending that may provide some support for the stock market, despite overall market pressures.
- Fed Nominee Supports Independence: Fed Chair nominee Kevin Warsh emphasized the importance of monetary policy independence and controlling inflation in his Senate Banking Committee statement, which could positively influence market confidence.
See More
Polymarket Expands into Perpetual Futures Trading
- Market Expansion: Polymarket announced its expansion into perpetual futures trading, following news that its main competitor Kalshi plans to offer crypto trading, demonstrating a keen response to market demand.
- Increased Competition: This move may position Polymarket and Kalshi in direct competition with platforms like Robinhood, Coinbase, and Kraken, which have integrated prediction markets into their offerings over the past year, highlighting the value of young speculators.
- Volume Growth: According to CoinGecko, the top centralized crypto exchanges recorded an annual perpetuals trading volume of $86.2 trillion last year, reflecting a 47% increase, showcasing the activity and potential of this market.
- Market Activity: By entering the perpetuals market, Polymarket and Kalshi can maintain ecosystem activity amid stalled cryptocurrency prices and slowed trading activity, fostering more consistent trading volume and speculative engagement.
See More
New York Sues Coinbase and Gemini for Violations
- Legal Action: New York State filed a lawsuit against Coinbase Financial Markets and Gemini Titan on Tuesday, accusing them of violating state executive law, indicating a stringent regulatory stance towards cryptocurrency trading platforms.
- Lawsuit Context: Although copies of the complaints are not yet available, this move could significantly impact the operations of both companies in New York, particularly concerning compliance and market trust.
- Market Reaction: The lawsuit may lead to a decline in investor confidence in Coinbase and Gemini, potentially affecting their stock performance, especially amid heightened volatility in the current cryptocurrency market.
- Regulatory Trend: This action by New York reflects a broader regulatory trend, signaling that government scrutiny of the cryptocurrency industry is intensifying, which may prompt similar actions from other states.
See More
Bitmine Surpasses 4% of Total ETH Supply
- ETH Holdings Surge: Bitmine currently holds 4,976,485 ETH valued at $7.7 billion, representing 4.12% of the total ETH supply, indicating a strong position in the cryptocurrency market that is likely to attract further investor interest.
- Launch of MAVAN: Bitmine has launched MAVAN (Made in America Validator Network) to provide secure and efficient ETH staking services for institutional investors, which is expected to enhance the company's competitiveness in the ETH staking market and drive long-term revenue growth.
- Significant Trading Volume: Bitmine's stock averages $1.2 billion in daily trading volume in the U.S. market, ranking 80th, reflecting its popularity among investors and potentially facilitating future capital raising and market expansion.
- Institutional Investor Support: Bitmine has garnered support from top institutional investors, including Cathie Wood of ARK and Pantera, which not only boosts market confidence but also provides robust financial backing for the company's future growth strategy.
See More
Bitmine Surpasses 4% of Total ETH Supply
- ETH Holdings Surge: Bitmine currently holds 4.12% of the total ETH supply, approximately 4,976,485 ETH valued at around $11.5 billion, demonstrating its significant influence in the Ethereum market and solidifying its position as the largest ETH treasury globally.
- Staking Expansion: As of April 20, 2026, Bitmine has staked 3,334,637 ETH worth about $7.7 billion, with an expected annual yield of 2.88%, which not only enhances the company's cash flow but also strengthens its competitive edge in crypto asset management.
- Market Trading Activity: Bitmine's stock has an average daily trading volume of $1.2 billion in the U.S. market, ranking 80th, indicating its popularity among investors and attracting further interest from institutional investors.
- Strategic Investments and Outlook: The company plans to continue increasing its ETH purchases, believing it is nearing the end of the
See More
Coinbase Partners with Bybit to Advance Asset Tokenization
- Collaboration on Tokenization: Coinbase is reportedly collaborating with Bybit on a significant push into asset tokenization, aiming to bring traditional U.S. equities on-chain, which is expected to provide new investment opportunities for global users and further drive the growth of the digital asset market.
- Technical and Compliance Support: The partnership will focus on tokenized stocks, custody solutions, and distribution infrastructure, with Bybit planning to expand into the U.S. market through a separate entity, expected to provide technology, product infrastructure, and liquidity support while ensuring compliance.
- Market Potential Unveiled: With trading volumes for tokenized stocks reaching approximately $2.87 billion in March, an over 80% increase in just 30 days, and the total number of holders surpassing 200,000, the rapid growth potential of tokenized assets is attracting more investor interest.
- Industry Impact Amplified: Analysts believe such partnerships could significantly expand global access to U.S. assets, leading to a roughly 3% rise in Coinbase's stock price to $211.68, reflecting the market's positive response to this strategic collaboration.
See More
