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Coinbase’s Recovery at Risk of Being Obscured by Crypto Retreat
Crypto’s boom-and-bust nature already has some investors and analysts looking past what should be blowout first-quarter results for Coinbase Global Inc. The largest US digital-asset trading platform is forecast to have swung back to a profit from a loss in the year-earlier period, with trading volume and mobile-app downloads surging during a resurgence in demand that was driven by the introduction of US spot Bitcoin exchange-traded funds. With the euphoria around the dominant cryptocurrency showing signs of waning in April, analysts are becoming concerned that a further retreat by the notoriously volatile token ... (full story)