Coinbase Expected To Post Strong Earnings As Trading Volume Hits Multi-Year High
Coinbase (NASDAQ:COIN) is set to release its fourth-quarter earnings, with analysts predicting a substantial rise in revenue and profits.
What Happened: The cryptocurrency exchange is projected to report $1.8 billion in revenue, a significant jump from $1.26 billion in the previous quarter, according to FactSet estimates, Coindesk reported.
Earnings per share (EPS) are expected to climb to $1.99 from $0.41, reflecting a renewed wave of activity in the crypto sector.
A major factor behind this growth is the increase in trading volume, which analysts estimate reached $195.9 billion in Q4, the highest since late 2021.
This momentum has been largely fueled by a post-election surge in crypto market enthusiasm and an uptick in investor participation.
Analysts have mixed views on Coinbase’s stock, with some maintaining an optimistic outlook …
About The Author
