Owen Lau

Coinbase Beats Q2 Revenue Estimates, but Transaction Revenue Falls

Coinbase released its latest quarterly earnings results. The crypto exchange beat analyst estimates for the second quarter, reporting revenues of $708 million a narrower-than-expected loss of $0.42 a share. Coinbase shares (COIN) have risen roughly 15% in the past month. Oppenheimer Senior Analyst Owen Lau shares his key takeaways.

By CoinDesk Staff

Aug 4, 2023 at 3:20 p.m. UTC

Aug 4, 2023

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Coinbase

Coinbase's Chief Legal Officer: We 'Expect to Win' Fight Against SEC

Coinbase beat analyst estimates for the second quarter, reporting revenue of $708 million and a narrower-than-expected loss of $0.42 a share. Oppenheimer Senior Analyst Owen Lau takes a closer look at Coinbase's latest earnings report and the crypto exchange's ongoing legal battle with the SEC.

By CoinDesk Staff

Aug 4, 2023 at 3:06 p.m. UTC

Aug 4, 2023

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Analyst Predicts Coinbase Would Not Completely Leave the U.S.

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Bermuda

Analyst Predicts Coinbase Would Not Completely Leave the U.S.

Crypto exchange Coinbase is opening a derivatives exchange in Bermuda as it faces regulatory headwinds in the U S This comes as Coinbase CEO Brian Armstrong recently suggested that the exchange would consider moving away from the U S if the regulatory environment for the industry does not become clearer Oppenheimer senior analyst Owen Lau [...]

By CoinDesk Inc

May 3, 2023 at 3:53 p.m. UTC

May 3, 2023

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Coinbase Launches Offshore Crypto Derivatives Exchange Amid U.S. Regulatory Scrutiny

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Bermuda

Coinbase Launches Offshore Crypto Derivatives Exchange Amid U.S. Regulatory Scrutiny

Coinbase is opening a derivatives exchange in Bermuda as the crypto exchange faces continued regulatory headwinds in the U S Owen Lau senior analyst at Oppenheimer discusses his firm's rating and price target for Coinbase's stock Plus Lau reacts to Coinbase Chief Legal Officer Paul Grewal telling Coin Desk at Consensus 2023 that the exchange [...]

By CoinDesk Inc

May 3, 2023 at 3:38 p.m. UTC

May 3, 2023

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Finance

Coinbase

Coinbase Could Be One of Crypto’s Long-Term Survivors: Oppenheimer

The investment giant’s senior analyst is relatively optimistic the crypto exchange could stick around after crypto’s ice age finally melts.

By Fran Velasquez

Jan 11, 2023 at 5:44 p.m. UTC

Jan 11, 2023

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Coinbase

Coinbase Could Be 'One of the Survivors': Analyst

Oppenheimer Senior Analyst Owen Lau shares his outlook for Coinbase as the exchange announced a second round of layoffs on Tuesday. "FTX is gone...Coinbase does not have many legitimate competitors in the long term," he added.

By CoinDesk Inc

Jan 11, 2023 at 3:32 p.m. UTC

Jan 11, 2023

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Coinbase

Cathie Wood's ARK Doubles Down on Coinbase as Crypto Exchange Announces Layoffs

Coinbase COIN shares are rising roughly 20 over the last five days as the crypto exchange announced a second round of job cuts on Tuesday Oppenheimer Senior Analyst Owen Lau joins First Mover to discuss Plus his reaction to Cathie Wood adding 33 756 shares of COIN to ARK s Innovation ETF ARKK worth around [...]

By CoinDesk Inc

Jan 11, 2023 at 3:14 p.m. UTC

Jan 11, 2023

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Analyst Cuts Price Target for Coinbase in Wake of FTX Crash

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Digital assets

Analyst Cuts Price Target for Coinbase in Wake of FTX Crash

Oppenheimer Senior Analyst Owen Lau cut his price target for Coinbase from $107 to $89 in the wake of FTX's implosion. "We are actually less optimistic for the industry in the near term," he said. Plus, Lau shares his long term outlook for the digital assets industry.

By CoinDesk Inc

Nov 16, 2022 at 6:23 p.m. UTC

Nov 16, 2022

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Coinbase

What FTX's Collapse Means for Coinbase

Shares of Coinbase skyrocketed over the past week since rival crypto exchange FTX filed for bankruptcy. Cathie Wood's ARK Investment Management ETF bought 238,000 more shares worth roughly $12.1 million. Oppenheimer Senior Analyst Owen Lau discusses the FTX collapse and whether it could be a positive development for Coinbase.

By CoinDesk Inc

Nov 16, 2022 at 5:23 p.m. UTC

Nov 16, 2022

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Coinbase

Google, Coinbase Partner on Cloud Crypto Payments

Google has teamed up with crypto exchange Coinbase to accept crypto payments for cloud services early next year. Oppenheimer Senior Analyst Owen Lau discusses the details of the deal and its significance, saying "it's another validation to the digital assets industry ... and Coinbase's capability."

By CoinDesk Inc

Oct 11, 2022 at 7:40 p.m. UTC

Oct 11, 2022

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