Crypto platform Coinbase (COIN) posted a mixed third-quarter earnings report, beating revenue estimates as trading volumes declined over the quarter. Yahoo Finance Live monitor Coinbase’s stock action while sharing a consensus on the overall crypto landscape, referencing fallout from recent crypto scandals including FTX’s collapse while under the helm of Sam Bankman-Fried.
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I’m still bullish
WE DONT WANT THIS CION BASE CRYPTO ”””””’ITS A GOVERMENT AND IRS WAY TO CHECK STEAL FROM AMERICANS. THIS NEED TO FAIL
I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement.🚀🚀🚀
I’ll advise you to work with a financial advisor. Definitely a good time to invest in stocks, Gold, silver and digital currencies(BTC, ETH.XRP)
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And yet they still pretend that they’re the greatest and most used exchange in the US when in reality, no one uses their crappy exchange anymore. Just look at their stats compared to their competitors. Its measly…
This shows Coinbase relies heavily on $USDC for its revenue. But with $USDC’s market cap dropping and users switching to other stablecoins, it might depeg, spelling trouble for Coinbase.
It’s hard to say for sure, but check out their user numbers. Since the SEC investigation began, they’ve been dropping. Trust in Coinbase is dwindling. Sooner or later, users might ditch the exchange.
It’s worth noting that many numbers in their report are rounded up, and their losses remain substantial.
Coinbase has raised its fees so much, I don’t think anyone will use it anymore. 🤔
A 9% reduction in debt? Just 9%? That’s rather concerning, especially after suffering losses in the billions. If Coinbase can’t recover from such a significant loss, bankruptcy seems likely for them.
An income of 2 million doesn’t appear very substantial, especially with the SEC investigation looming over Coinbase. If this investigation drags on, it’s likely that more and more users will opt to abandon the platform. Perhaps showing statistics on the steep decline in users would be a more telling story. 🤣
Well, Coinbase losing users was to be expected especially with the SEC investigation still ongoing. Aside from that, people don’t really trust the exchange anymore after all the allegations of Coinbase doing insider trading and with Armstrong selling his shares…
their revenue might have increased, but it didn’t really offset the significant decline in their user base. If Coinbase continues to lose users in the coming months, it’s quite likely they’ll face financial difficulties.
Their stats are in a sorry state. Every year, Coinbase seems to be on a downward spiral.