由于零售客户没有表现出对加密货币重新产生兴趣的迹象，Coinbase 收入暴跌 28%

Coinbase（纳斯达克股票代码：COIN）数字资产交易所的交易量和收入在 2024 年第三季度大幅下降，因为零售客户对所有“加密货币”重新恢复兴趣的迹象为零。

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（纳斯达克股票代码：COIN）股价周一大幅下跌，此前该加密货币交易所报告第三季度业绩惨淡，收入和交易量均低于分析师预期。

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 报告称，截至 9 月 30 日的三个月总收入为 12 亿美元，低于第二季度的 14.5 亿美元，也低于市场普遍预期的 12.8 亿美元。该公司的净利润为 7500 万美元，即每股 0.25 美元，而上一季度的净亏损为 5.45 亿美元，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.

该加密货币交易所的总交易量在第三季度也大幅下降，从第二季度的 2240 亿美元降至 1850 亿美元。值得注意的是，本季度零售交易量下降了 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 的月交易用户也从上一季度的 820 万减少至 780 万。该公司将每月交易用户定义为当月在 Coinbase 平台上购买或出售加密货币的用户，包括通过质押或从账户中提取现金或代币被动赚取奖励的用户。

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 股价周一收盘下跌 3.6%，在该公司第三季度报告表现不佳后，盘后交易中又下跌 4.8%。几位分析师对 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.

在交易量亮点中，Tether (USDT) 稳定币占总交易量的 15%，比第二季度增长了 5 个百分点（即 50%）。 Coinbase 似乎正在效仿其西海岸竞争对手 Kraken，作为 Tether 鲸鱼的法币出口。如果美国执法部门最近准备对 Tether 提出指控的报道被证明是准确的，这可能会让人感到不安。

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”类别（包括该公司的以太坊第 2 层网络 Base）的收入下降了 35%，至 3400 万美元。 Coinbase 将其归咎于“Base 排序器费用收入下降”，因为交易费用成本的降低抵消了 Base 交易量 55% 的增长。

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.

尽管不断承诺“随着时间的推移”欢迎其他排序器，并且以太坊联合创始人 Vitalik Buterin 警告 L2 需要放弃“辅助轮”并尽快去中心化，但 Coinbase 仍然是 Base 唯一的排序器（交易处理器）。

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.

不管怎样，Base 最近庆祝了几个里程碑，包括超越 Arbitrum 成为锁定总价值 (TVL) 最高的 L2。截至 10 月 30 日，Base 的 TVL 约为 26.6 亿美元，而 Arbitrum 约为 24.5 亿美元。 Base 还拥有超过 120 万个每日活跃地址，是 Arbitrum 的 3 倍。