COIN Stock: 3 Key Things to Watch When Coinbase Reports Earnings
Coinbase (NASDAQ: COIN ) is in full focus, as the company will report second-quarter earnings today after the market close. 2022 has been a volatile year for cryptocurrencies and related companies like COIN stock, highlighted by the collapse of the LUNA token and Voyager’s (OTCMKTS: VYGVF ) bankruptcy. Meanwhile, the price of Bitcoin ( BTC-USD ) fell below $20,000, but has since recovered to higher levels. Brokerages have been vying for market share in the crypto space as well. Today, Interactive Brokers (NASDAQ: IBKR ) announced that it will support 24|7 access to crypto trading. Trading will be supported through an “enhanced web application” from Paxos Trust . Crypto trading volume on the platform has decreased while competitors up their offerings. In March, Coinbase had an average trading volume of $3 billion per day. During July, volume shrank lower to $1.7 billion. As of March 31, the platform had more than 98 million verified users and $256 billion in customer assets held. With that in mind, let’s take a look at three metrics investors should watch for when Coinbase reports earnings.
COIN Stock: 3 Key Things to Watch When Coinbase Reports Earnings
Coinbase (NASDAQ: COIN ) is in full focus, as the company will report second-quarter earnings today after the market close. 2022 has been a volatile year for cryptocurrencies and related companies like COIN stock, highlighted by the collapse of the LUNA token and Voyager’s (OTCMKTS: VYGVF ) bankruptcy. Meanwhile, the price of Bitcoin ( BTC-USD ) fell below $20,000, but has since recovered to higher levels. Brokerages have been vying for market share in the crypto space as well. Today, Interactive Brokers (NASDAQ: IBKR ) announced that it will support 24|7 access to crypto trading. Trading will be supported through an “enhanced web application” from Paxos Trust . Crypto trading volume on the platform has decreased while competitors up their offerings. In March, Coinbase had an average trading volume of $3 billion per day. During July, volume shrank lower to $1.7 billion. As of March 31, the platform had more than 98 million verified users and $256 billion in customer assets held. With that in mind, let’s take a look at three metrics investors should watch for when Coinbase reports earnings.