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As of May 30, 2023, the Winklevoss twins, who are the proud owners of the cryptocurrency exchange Gemini, are currently facing a number of obstacles. According to reports, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Gemini for its alleged involvement in the unauthorized offering and selling of securities to retail investors, which was facilitated by the Gemini Earn cryptocurrency lending program. This has put the future of the exchange in jeopardy, as the lawsuit could have significant financial and legal implications.

In addition to the lawsuit, one of Gemini’s banking partners is reportedly considering ending their partnership due to non-profitability. This could further complicate matters for the Winklevoss twins, as they would need to find a new banking partner to continue operating their exchange.

Gemini’s trading volume has also taken a hit, dropping by almost 50% in the first four months of 2023 compared to the final four months of 2022. Despite a small rebound in April, the exchange’s market share remains low, with competitors Coinbase, Kraken, and Binance expanding their market shares. Binance, in particular, has taken the lead with 46% of the global market.

Despite these challenges, the Winklevoss twins remain committed to Gemini and are focused on running their business successfully, according to their attorney Charles Harder. It remains to be seen how the lawsuit and other challenges will affect the exchange’s future, but the twins are determined to overcome them and continue to provide a reliable and secure platform for cryptocurrency trading.

COIN Stock Analysis: Earnings Growth, Revenue Growth, and Market Capitalization

On May 30, 2023, COIN stock opened at $60.00, up from the previous close of $56.89. The day’s range was between $59.24 and $63.38, with a volume of 609,010 shares traded. The market capitalization of COIN was $13.3 billion. COIN had a negative earnings growth of -182.78% last year, but this year’s earnings growth was positive at +76.83%. However, the earnings growth for the next five years is projected to be -49.12%. The revenue growth for the last year was -59.25%. The P/E ratio was not available, and the price/sales ratio was 2.46, while the price/book ratio was 2.41. The next reporting date for COIN was on August 8, 2023. The EPS forecast for this quarter was -$0.77. COIN is a finance company in the investment banks/brokers industry.

Coinbase Global Inc: Analysts Offer 12-Month Price Forecasts and Consensus Rating for Investors in 2023

On May 30, 2023, Coinbase Global Inc had a median target price of $63.00, according to 24 analysts who offered 12-month price forecasts. The high estimate was $200.00, while the low estimate was $27.00. The median estimate represented a +5.63% increase from the last price of $59.64. The consensus rating among 30 polled investment analysts was to hold stock in Coinbase Global Inc. The current quarter earnings per share for Coinbase Global Inc was -$0.77, with sales of $673.6M. The reporting date for these figures was August 08, 2023. Coinbase Global Inc has been a popular investment choice for those interested in cryptocurrency and blockchain technology. The company is well-positioned to capitalize on this trend, but investors should also be aware of the potential risks and volatility associated with this type of investment.



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