max on Nostr: 😀 🙃 😀 Coinbase’s Q3: Volume Tanks, ETH Slumps, & Regulatory Shadows Linger ...
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Coinbase’s Q3: Volume Tanks, ETH Slumps, & Regulatory Shadows Linger
Coinbase drops Q3 earnings Wednesday, and the numbers could sting. Analysts say revenue could be down 13% this quarter - spot trading’s drying up, and the usual catalysts just aren’t kicking in.
ETH had a brutal quarter, down about 24% from Q2, hitting Coinbase’s staking game unforgivingly.
With the U.S. election adding uncertainty, trading volume outside North America surged 61% in Q3, while Coinbase’s EPS is forecast to hover around $0.46.
Nevertheless, their stock’s up 30% YTD but still 21% down from its March high.
Source: CoinDesk
Coinbase’s Q3: Volume Tanks, ETH Slumps, & Regulatory Shadows Linger
Coinbase drops Q3 earnings Wednesday, and the numbers could sting. Analysts say revenue could be down 13% this quarter - spot trading’s drying up, and the usual catalysts just aren’t kicking in.
ETH had a brutal quarter, down about 24% from Q2, hitting Coinbase’s staking game unforgivingly.
With the U.S. election adding uncertainty, trading volume outside North America surged 61% in Q3, while Coinbase’s EPS is forecast to hover around $0.46.
Nevertheless, their stock’s up 30% YTD but still 21% down from its March high.
Source: CoinDesk