Coinbase (COIN), the largest cryptocurrency exchange in the USA, will announce better results than before for the fourth quarter of last year. is considered.
Analysts at investment bank Needham “We expect the fourth quarter to be a strong quarter for the company as volumes in this area return and interest increases.” said.
Increasing transaction volumes in the cryptocurrency market, Coinbase had a positive impact on revenues it could be. A similar example of this can be seen in cryptocurrency revenues for the same period of the year. Robinhood saw a 10% increase. was seen.
Compass Point researchers found that the company’s $895 million earnings announcement and COIN stock this year. $ 200 waiting for it to happen. Chase White, “Fourth quarter revenue and adjusted EBITDA The strongest quarter since the first quarter of 2022 “We expect it to happen.” said.
According to FactSet data, experts’ general expectation is that Coinbase will $826.1 million that it will announce revenue.
Mizuho analyst Dan Dolev said that after the spot Bitcoin ETFs in the USA were approved, Coinbase spot transaction volume started to decrease he thinks. Needham analysts are “(Coinbase’s) market share is more solid than most on Wall Street thought.” he commented.
According to Yahoo Finance data, COIN on a daily basis gained more than 14%.