$COIN (-1,77%) 📈 $COIN Daily: Inverse H&S breakout confirmed! Breakout done Retest in coming

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191Coinbase was added to the S&P500
$COIN (-1,77%) is now in the S&P500, replacing Discover Financial. Congratulations to all Coinbase shareholders!
I have held my position for almost 3 years and am thrilled about this news!



$COIN (Coinbase Global) putting in a clean inverse H&S on the daily.
$COIN (-1,77%) $COIN (Coinbase Global) putting in a clean inverse H&S on the daily.
Holding above $190 keeps the structure alive. Needs a push through $210 to unlock $224+

Bitcoin reaches over $102,000 | Coinbase acquires Deribit for $2.9 billion
Bitcoin reaches over $102,000
On Thursday, Bitcoin $BTC (-1,28%) surpassed the impressive $102,000 mark on Thursday, reaching its highest level since the end of January. This remarkable rally is the result of positive market sentiment, which was further boosted by the announcement of a trade deal between President Trump and the UK. The prospect of a de-escalation of tariffs has sparked optimism among investors, catapulting the world's largest cryptocurrency higher. Coinbase also announced $COIN (-1,77%) reported the acquisition of options platform Deribit for a whopping $2.9 billion, adding to the positive sentiment in the crypto sector. At around 4:45 pm ET, Bitcoin reached a price of over $102,147, an increase of up to 5%. However, in the days following Trump's announcement about "proportionate" tariffs, Bitcoin fell to as low as $75,000. The general sentiment in the Bitcoin sector has improved noticeably with the recovery of the stock market. Analysts report that more and more companies are adding Bitcoin to their balance sheets, which further strengthens confidence in the cryptocurrency.
Coinbase acquires Deribit for $2.9 billion
The Coinbase share $COIN (-1,77%) is showing an impressive rise after announcing the acquisition of Deribit, the largest Bitcoin and Ether options platform, for $2.9 billion. This acquisition is seen as a strategic move to further drive Coinbase's global expansion. Deribit is known for its extensive trading capabilities in the cryptocurrency derivatives space and will help Coinbase solidify its market position in this fast-growing segment. Madison Mills, host of the Morning Brief, explained that this deal not only expands Coinbase's product range, but also significantly increases its competitiveness in the international market. This development has further fueled interest in Coinbase and the crypto market as a whole and could have a lasting impact on the dynamics of the industry.
Sources:
https://finance.yahoo.com/video/coinbase-enters-derivatives-market-deribit-143131926.html
Coinbase Q1 25 Earnings Highlights
🔹 Revenue: $2.03B (Est. $2.2B) 🔴
🔹 Adj. EPS: $0.24 (Est. $2.09) 🔴
🔹 Transaction Revenue: $1.26B (Est. $1.33B) 🔴
🔹 Subscription & Services Revenue: $698M (Est. $702.5M) 🔴; UP +37% YoY, +9% QoQ
🔹 Trading Volume: $393B (Est. $392.7B) 🟢
Q2 '25 Guidance
🔹 Subscription & Services Revenue: $600M–$680M
🔹 Tech + G&A Expenses: $700M–$750M
🔹 Sales & Marketing Expenses: $215M–$315M
🔹 April Transaction Revenue: ~$240M
Other Key Metrics:
🔹 Adj. EBITDA: $930M
🔹 Net Income: $66M
🔹 Adjusted Net Income: $527M
🔹 Gross USDC Balances in Coinbase Products: $12.3B; UP +49% QoQ
🔹 Derivatives Volume: $804B; Market share up significantly
🔹 Assets Under Custody: $212B; UP +$25B QoQ
Strategic & Product Updates
🔸 Acquiring Deribit for $2.9B (cash + stock) to become leading crypto options exchange
🔸 U.S. Executive Order establishes Strategic Bitcoin Reserve — seen as validation of Bitcoin as a sovereign financial asset
🔸 SEC lawsuit dismissed with prejudice — major legal win for Coinbase
🔸 Registered as VASP in Argentina and India; expanded global regulatory footprint
🔸 Launched Bitcoin-backed USDC loans; over $160M issued
🔸 Coinbase One Premium and Verified Pools scaling across retail and institutional clients
🔸 Base L2 network achieved $4B in stablecoin balances; launched Flashblocks for sub-second transaction speed
Powerful new commercial from Coinbase!
It's worth watching (only takes 30 seconds, enough for the message😁) 👇
https://youtu.be/6DpsIWzgSZo?si=q9lB03CiW5xOnm69