|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coinbase Global (COIN) came just shy of revenue estimates, posting $1.2 billion in total revenue for the quarter, while missing on adjusted EPS (earnings per share) for the quarter.
Coinbase Global (COIN) posted total revenue of $1.2 billion for the quarter, which came just shy of analyst estimates. However, the cryptocurrency exchange managed to beat expectations on net income, driven by a strong performance in institutional trading.
"The actual trading volumes were down in the quarter, but we knew that. What we didn't know was what the mix would be between institutional and retail [investors]."
Citizens JMP Director of Financial Technology Research Devin Ryan had this to say about the Coinbase third quarter results.
Coinbase managed to turn a profit on this print as bitcoin (BTC-USD) and the crypto space have rallied nearing the 2024 presidential election.
“Coinbase is still adapting its revenue to the spending cuts that they put in place earlier in 2023,” Ryan tells Julie Hyman and Josh Lipton.
Catch Devin Ryan react to trading platform Robinhood Markets' (HOOD) third quarter earnings results.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Luke Carberry Mogan.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Shiba Inu Price Predictions Move Investors To Shift Focus To WallitIQ (WLTQ), An AI-Powered Token
- Oct 31, 2024 at 09:30 am
- Despite experiencing fluctuations, the Shiba Inu price remains a relatively profitable asset. With more than $490 million in Shiba Inu (SHIB) trades within 24 hours and a 26% rise in the futures market, the Shiba Inu price has undoubtedly made its mark in the crypto market.
-
- OKX Ventures Backs TON Ecosystem with $10M
- Oct 31, 2024 at 09:25 am
-
-
- The Race for Blockchain Dominance Heats Up: Stellar, Bitcoin Cash, Litecoin, and Qubetics Vie for the Crown
- Oct 31, 2024 at 09:25 am
- From streamlining cross-border payments to enabling scalable everyday transactions, cryptocurrencies like Stellar, Bitcoin Cash, Litecoin, and Qubetics are reshaping the digital landscape.
-
-
-
- US State Official Pushes Bitcoin as Hedge for Public Retirement Stability
- Oct 31, 2024 at 09:25 am
- Chief Financial Officer and State Fire Marshal Jimmy Patronis, a statewide elected official and member of Florida's Cabinet responsible for the Department of Financial Services, is urging the State Board of Administration (SBA) to consider cryptocurrency investments for state retirement funds.
-
-
- Matthew Sigel Predicts Bitcoin (BTC) Price Will Rise Ahead of the U.S. Elections
- Oct 31, 2024 at 09:15 am
- The cryptocurrency market is witnessing a renewed sense of optimism, particularly regarding Bitcoin (BTC). Matthew Sigel, head of digital asset research at investment management firm VanEck, recently shared insights indicating that Bitcoin is poised for a positive trend as election day approaches.