The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The company’s chief legal officer Paul Grewal asserted, “Coinbase does not list securities. On the other hand, Coinbase argues tokens do not qualify as securities. If they do, then the manager could be found guilty of insider trading. However, the argument here is whether some tokens qualify as securities. The SEC stated the manager tipped off two friends on an upcoming crypto the platform was about to list. The Holy Father has repeatedly stressed the importance of vaccination, recalling that healthcare is a moral obligation, and it is important to continue efforts to immunise even the poorest peoples. Investors are also awaiting updates related to Securities and Exchange Commission (SEC) insider trading charges against a former Coinbase product manager. The coin depicts a doctor, a nurse and a young person who is ready to receive the vaccine. For the full year, revenue is expected to be $3.76 billion with an EPS loss of $3.59. For Q3, analysts are forecasting $806.05 million in revenue and an EPS loss of $1.08. In addition, analysts predict Coinbase will report a positive EPS by Q1 of 2023.įinally, the last - and arguably most important - metric to watch out for is guidance. Analysts expect an EPS loss of $1.23, with the low and high estimates at a loss of $2.12 and a loss of 38 cents. It’s no surprise Coinbase will report declining YOY revenues, as interest and prices in the crypto market have fallen. The low estimate falls at $729.9 million, while the high estimate is $1.17 billion. This would imply a year-over-year (YOY) loss of 61%. The consensus analyst estimate for revenue is $868.39 million. With that in mind, let’s take a look at three metrics investors should watch for when Coinbase reports earnings.ĬOIN Stock: 3 Metrics to Watch For Earningsįirst, investors will want to keep an eye on Q2 revenue. As of March 31, the platform had more than 98 million verified users and $256 billion in customer assets held. During July, volume shrank lower to $1.7 billion. In March, Coinbase had an average trading volume of $3 billion per day. Trading will be supported through an “enhanced web application” from Paxos Trust.Ĭrypto trading volume on the platform has decreased while competitors up their offerings. Today, Interactive Brokers (NASDAQ: IBKR) announced that it will support 24/7 access to crypto trading. Meanwhile, the price of Bitcoin ( BTC-USD) fell below $20,000, but has since recovered to higher levels.īrokerages have been vying for market share in the crypto space as well. 2022 has been a volatile year for cryptocurrencies and related companies like COIN stock, highlighted by the collapse of the LUNA token and Voyager’s (OTCMKTS: VYGVF) bankruptcy. Coinbase (NASDAQ: COIN) is in full focus, as the company will report second-quarter earnings today after the market close.
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