Coinbase Reports Earnings Thursday. Here’ s What to Expect.

Coinbase Global is expected to report its seventh straight quarter of losses on Thursday. The good news for the company’s investors is the crypto market finally seems to be breaking out of its funk.

That’s wider than the second quarter’s per-share loss of 42 cents, but much better than the $2.43 per-share loss the company suffered in the third quarter of last year, when the crypto market crash was deepening. The good news for Coinbase and the broader industry is the low-volume, rangebound trading that has dominated the market for months might be going away. In October, the price of Bitcoin spiked 28% to $34,400 on speculation that the Securities and Exchange Commission might soon allow a spot Bitcoin exchange-traded fund to come to market.

Newsletter Sign-up Coinbase in September also launched “perpetual futures” for non-U.S. customers. Such futures allow investors to easily make leveraged bets on tokens.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's how much the options market expects Apple shares to move off earningsApple reports earnings on Thursday after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

These stocks have earnings momentum heading into their reports this weekCNBC Pro screened for the S&P 500 companies reporting this week that analysts are most excited about—leading them to lift their earnings estimates.
Source: CNBC - 🏆 12. / 72 Read more »

JetBlue Reports Earnings Soon. What to Expect.The antitrust trial following the Justice Department’s lawsuit to block JetBlue’s proposed merger with Spirit Airlines is finally due to begin after a...
Source: MarketWatch - 🏆 3. / 97 Read more »

AMD Reports Earnings Today. What to Expect.The consensus is that Advanced Micro Devices will report quarterly revenue of $5.7 billion with adjusted earnings per share of 68 cents.
Source: MarketWatch - 🏆 3. / 97 Read more »

SiriusXM Reports Third-Quarter Earnings, Subscribers, AdvertisingThe audio entertainment giant, the home of Howard Stern, is 'very excited' to unveil SiriusXM's next-generation platform in early November, said CEO Jennifer Witz.
Source: THR - 🏆 411. / 53 Read more »

Fed decision, Mondelez reports, Airbnb earnings: 3 things to watchFed decision, Mondelez reports, Airbnb earnings: 3 things to watch
Source: Investingcom - 🏆 450. / 53 Read more »