โ ๏ธ Coinbase $COIN tanks 14% โ 3rd straight quarterly miss as crypto trading stays dry
Coinbase reported Q2 revenue of $1.22 billion, badly missing the $1.30 billion consensus, and posted a GAAP loss of $1.36 per share vs the $0.42 loss expected. Management blamed weak crypto trading volumes as Bitcoin remains rangebound. This is now three consecutive quarters of top-and-bottom-line misses โ a tough streak. Not financial advice. With Bitcoin stuck and volumes soft, do you see a catalyst that gets $COIN moving again?
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