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Coinbase Global released its second-quarter earnings report today amid diminishing profit expectations as cryptocurrency traders reduce their activity recently.
Coinbase earnings beat expectations, with revenue of $1.45 billion compared to expectations of $1.39 billion.
After the market closed on Thursday, Coinbase was expected to post earnings of 94 cents per share for the second quarter on revenue of $1.37 billion, according to analyst estimates compiled by FactSet.
Throughout the second quarter, prices of Bitcoin and other cryptocurrencies remained relatively stable, mostly ranging between $60,000 and $70,000. This stabilization differed from the rising prices observed in the first quarter and likely contributed to the decrease in trading activity.
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Mizuho analyst Dan Dolev noted that average daily trading volumes on Coinbase decreased sequentially in each month of the second quarter, with total volume estimated to be down 30% compared to the first quarter.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-coinbase-announces-earnings-report-here-are-all-the-details/" rel="noopener noreferrer nofollow">BREAKING: Coinbase Announces Earnings Report – Here Are All The Details</a>

BREAKING: Coinbase Announces Earnings Report – Here Are All The Details

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