Key facts: The U.S. Treasury and IRS allowed Coinbase Global to exclude unrealized crypto gains from its financial statements for the Corporate Alternative Minimum Tax, reducing tax concerns on paper gains.
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- The U.S. Treasury and IRS allowed Coinbase Global to exclude unrealized crypto gains from its financial statements for the Corporate Alternative Minimum Tax, reducing tax concerns on paper gains.1
- A federal judge allowed shareholders to proceed with a lawsuit against Coinbase Global, claiming the firm hid business risks, including potential SEC legal actions and bankruptcy asset loss.2
- Coinbase's stock increased by 3.3% following BTIG's initiation of coverage with a 'Buy' rating and a price target of $410, citing growth in the company's derivatives business and the Base App.3