Coinbase earnings are expected to come in strong based on the resilience of retail trading activity on the exchange.
FactSet consensus estimates call for Coinbase’s revenue to decrease from the previous quarter, to $629 million from $773 million. Trading volume for the period ending June 30 is expected to have slowed down to $114 billion from Q1 when it was $145 billion. And earnings per share are expected to be a loss of $0.76, compared to a loss of $0.34 in the first quarter.
And the second is multiple applications from financial institutions for spot bitcoin exchange-traded funds , which could greatly expand the availability of and demand for bitcoin.
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