由於零售客戶沒有表現出對加密貨幣重新產生興趣的跡象，Coinbase 收入暴跌 28%

Coinbase（納斯達克股票代碼：COIN）數位資產交易所的交易量和收入在 2024 年第三季大幅下降，因為零售客戶對所有「加密貨幣」重新恢復興趣的跡象為零。

Coinbase (NASDAQ:COIN) stock fell sharply on Monday after the cryptocurrency exchange reported a dismal third quarter, with both revenue and transaction volume missing analysts’ expectations.

Coinbase（NASDAQ：COIN）股價週一大幅下跌，此前該加密貨幣交易所報告第三季業績慘淡，營收和交易量均低於分析師預期。

Coinbase reported total revenue of $1.2 billion for the three months ended September 30, down from $1.45 billion in the second quarter and below the consensus estimate of $1.28 billion. The company’s net income came in at $75 million, or $0.25 per share, compared to a net loss of $545 million, or $2.43 per share, in the prior quarter.

Coinbase 報告稱，截至 9 月 30 日的三個月總收入為 12 億美元，低於第二季的 14.5 億美元，也低於市場普遍預期的 12.8 億美元。該公司的淨利潤為 7,500 萬美元，即每股 0.25 美元，而上一季的淨虧損為 5.45 億美元，即每股 2.43 美元。

The cryptocurrency exchange’s total trading volume also declined significantly during the third quarter, falling to $185 billion from $224 billion in the second quarter. Notably, retail trading volume dropped by 8% during the quarter.

該加密貨幣交易所的總交易量在第三季也大幅下降，從第二季的 2,240 億美元降至 1,850 億美元。值得注意的是，本季零售交易量下降了 8%。

Coinbase’s monthly transacting users also decreased to 7.8 million from 8.2 million in the previous quarter. The company defines monthly transacting users as those who bought or sold cryptocurrency on Coinbase’s platform during the month, including users who passively earned rewards from staking or withdrew cash or tokens from their accounts.

Coinbase 的月交易用戶也從上一季的 820 萬人減少至 780 萬人。該公司將每月交易用戶定義為當月在 Coinbase 平台上購買或出售加密貨幣的用戶，包括透過質押或從帳戶中提取現金或代幣被動賺取獎勵的用戶。

Coinbase shares closed down 3.6% on Monday and fell another 4.8% in after-hours trading after the company’s underwhelming Q3 report. Several analysts expressed unease at the extent to which Coinbase’s trading volume has declined.

Coinbase 股價週一收盤下跌 3.6%，在該公司第三季報告表現不佳後，盤後交易又下跌 4.8%。幾位分析師對 Coinbase 交易量下降的程度表示不安。

Among the trading volume highlights, the Tether (USDT) stablecoin hit 15% of the total, up five points (aka 50%) from Q2. It seems Coinbase is aping its west coast rival Kraken to serve as a fiat off-ramp for Tether whales. That could prove uncomfortable should recent reports of U.S. law enforcement preparing charges against Tether prove accurate.

在交易量亮點中，Tether (USDT) 穩定幣佔總交易量的 15%，比第二季度增長了 5 個百分點（即 50%）。 Coinbase 似乎正在效仿其西海岸競爭對手 Kraken，作為 Tether 鯨魚的法幣出口。如果美國執法部門最近準備對 Tether 提出指控的報告被證明是準確的，這可能會讓人感到不安。

Coinbase’s ‘other transaction revenue’ category, which includes the company’s Ethereum layer-2 network Base, saw its revenue tumble 35% to $34 million. Coinbase blamed “lower Base sequencer fee revenue” as a reduction in the cost of transaction fees undid a 55% rise in Base’s transaction volume.

Coinbase 的「其他交易收入」類別（包括該公司的以太坊第 2 層網路 Base）的收入下降了 35%，至 3,400 萬美元。 Coinbase 將其歸咎於“Base 排序器費用收入下降”，因為交易費用成本的降低抵消了 Base 交易量 55% 的增長。

Coinbase remains Base’s sole sequencer (transaction processor), despite ongoing promises to welcome other sequencers “over time” and warnings by Ethereum co-founder Vitalik Buterin that L2s need to ditch their “training wheels” and decentralize ASAP.

儘管不斷承諾「隨著時間的推移」歡迎其他排序器，並且以太坊聯合創始人Vitalik Buterin 警告L2 需要放棄「輔助輪」並儘快去中心化，但Coinbase 仍然是Base 唯一的排序器（交易處理器）。

Regardless, Base recently celebrated a couple of milestones, including topping Arbitrum as the L2 with the highest total value locked (TVL). As of October 30, Base’s TVL is around $2.66 billion, while Arbitrum’s is around $2.45 billion. Base also has over 1.2 million daily active addresses, 3x that of Arbitrum.

不管怎樣，Base 最近慶祝了幾個里程碑，包括超越 Arbitrum 成為鎖定總價值 (TVL) 最高的 L2。截至 10 月 30 日，Base 的 TVL 約為 26.6 億美元，而 Arbitrum 約為 24.5 億美元。 Base 還擁有超過 120 萬個每日活躍地址，是 Arbitrum 的 3 倍。