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Coinbase Beats Q3 Earnings Estimates, But Trading Volume Fell
Coinbase (COIN) topped analyst estimates for the third quarter on earnings and revenue, while falling short in total trading volume expectations. The crypto exchange reported a third-quarter adjusted loss of $0.01 per share, compared to FactSet estimates for a loss of $0.55 per share, marking it the third consecutive earnings beat for Coinbase. Total revenue for the quarter was $674.1 million, beating analyst estimates of $650.9 million. Total trading volume in Q3, however, was just $76 billion versus the estimates of $80.1 billion and down from $92 billion in the previous quarter. Third-quarter transaction revenue ... (full story)