Coinbase Earnings in Focus After Robinhood’s Crypto Revenue Drops 55%
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Analysts are split on the strength of Coinbase’s trading recovery as Robinhood’s crypto revenue decline puts the upcoming earnings report in focus.
Coinbase’s upcoming earnings report will offer a fresh look at its trading performance, with Wall Street analysts divided over how strong the rebound has been.
The debate follows a 55% decline in Robinhood’s cryptocurrency revenue, a result that has drawn attention to the outlook for crypto trading businesses.
Coinbase’s results could help clarify whether its trading activity is recovering more firmly, though Robinhood’s revenue drop alone does not establish how Coinbase has performed.
Source: CoinDesk
